Russian Federation: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in the Russian Federation

In 2021, the Russian hexamethylenediamine and ethylenediamine market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a deep contraction. Hexamethylenediamine and ethylenediamine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Hexamethylenediamine And Ethylenediamine Production in the Russian Federation

In value terms, hexamethylenediamine and ethylenediamine production rose remarkably to $X in 2021 estimated in export price. In general, production, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by 12% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Hexamethylenediamine And Ethylenediamine Exports

Exports from the Russian Federation

In 2021, shipments abroad of hexamethylenediamine and its salts, ethylenediamine and its salts increased by 136% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports enjoyed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hexamethylenediamine and ethylenediamine exports soared to $X in 2021. In general, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 175%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Kazakhstan (X tons) was the main destination for hexamethylenediamine and ethylenediamine exports from Russia, accounting for a 49% share of total exports. Moreover, hexamethylenediamine and ethylenediamine exports to Kazakhstan exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), twofold. The third position in this ranking was taken by Ukraine (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+102.5% per year) and Ukraine (+36.5% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for hexamethylenediamine and its salts, ethylenediamine and its salts exports from Russia, comprising 53% of total exports. The second position in the ranking was held by Ukraine ($X), with a 15% share of total exports. It was followed by Kyrgyzstan, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Kazakhstan totaled +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+67.6% per year) and Kyrgyzstan (+54.3% per year).

Export Prices by Country

In 2021, the average hexamethylenediamine and ethylenediamine export price amounted to $X per ton, with an increase of 8.6% against the previous year. Over the period under review, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 106% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Hexamethylenediamine And Ethylenediamine Imports

Imports into the Russian Federation

In 2021, approx. X tons of hexamethylenediamine and its salts, ethylenediamine and its salts were imported into Russia; declining by -33.1% on the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 95% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, hexamethylenediamine and ethylenediamine imports reduced sharply to $X in 2021. Overall, imports, however, continue to indicate mild growth. The pace of growth appeared the most rapid in 2015 with an increase of 73%. Over the period under review, imports attained the peak figure at $X in 2020, and then reduced markedly in the following year.

Imports by Country

China (X tons), Saudi Arabia (X tons) and Belgium (X tons) were the main suppliers of hexamethylenediamine and ethylenediamine imports to Russia, with a combined 77% share of total imports. These countries were followed by the United States, France, Brazil, Switzerland and the Netherlands, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +35.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of hexamethylenediamine and its salts, ethylenediamine and its salts to Russia, comprising 39% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 15% share of total imports. It was followed by France, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+29.9% per year) and France (+25.2% per year).

Import Prices by Country

In 2021, the average hexamethylenediamine and ethylenediamine import price amounted to $X per ton, with an increase of 8.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2019 an increase of 18% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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