Saudi Arabia: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in Saudi Arabia

The Saudi hexamethylenediamine and ethylenediamine market declined sharply to $X in 2021, which is down by -27% against the previous year. Overall, consumption continues to indicate a pronounced reduction. Hexamethylenediamine and ethylenediamine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Hexamethylenediamine And Ethylenediamine Production in Saudi Arabia

In value terms, hexamethylenediamine and ethylenediamine production dropped sharply to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 45% against the previous year. As a result, production reached the peak level of $X, and then fell notably in the following year.

Hexamethylenediamine And Ethylenediamine Exports

Exports from Saudi Arabia

In 2021, the amount of hexamethylenediamine and its salts, ethylenediamine and its salts exported from Saudi Arabia soared to X tons, growing by 24% compared with the previous year. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 161% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, hexamethylenediamine and ethylenediamine exports soared to $X in 2021. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by 196%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

South Korea (X tons), India (X tons) and Singapore (X tons) were the main destinations of hexamethylenediamine and ethylenediamine exports from Saudi Arabia, together comprising 76% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +74.5%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), India ($X) and Singapore ($X) were the largest markets for hexamethylenediamine and ethylenediamine exported from Saudi Arabia worldwide, with a combined 76% share of total exports.

South Korea, with a CAGR of +73.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hexamethylenediamine and ethylenediamine export price amounted to $X per ton, jumping by 45% against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Singapore ($X per ton) and South Korea ($X per ton), while the average price for exports to India ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Hexamethylenediamine And Ethylenediamine Imports

Imports into Saudi Arabia

In 2016, approx. X tons of hexamethylenediamine and its salts, ethylenediamine and its salts were imported into Saudi Arabia; with a decrease of -10.6% compared with the previous year's figure. Over the period under review, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 531%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, hexamethylenediamine and ethylenediamine imports shrank rapidly to $X in 2016. In general, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 442%. As a result, imports attained the peak of $X, and then declined notably in the following year.

Imports by Country

In 2016, the United States (X tons) constituted the largest supplier of hexamethylenediamine and ethylenediamine to Saudi Arabia, with a 80% share of total imports. Moreover, hexamethylenediamine and ethylenediamine imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold.

From 2012 to 2016, the average annual growth rate of volume from the United States amounted to -19.8%.

In value terms, the United States ($X) constituted the largest supplier of hexamethylenediamine and its salts, ethylenediamine and its salts to Saudi Arabia, comprising 90% of total imports. The second position in the ranking was held by China ($X), with a 4.1% share of total imports.

From 2012 to 2016, the average annual rate of growth in terms of value from the United States totaled -24.3%.

Import Prices by Country

In 2016, the average hexamethylenediamine and ethylenediamine import price amounted to $X per ton, which is down by -11.4% against the previous year. Overall, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 1.7%. As a result, import price attained the peak level of $X per ton. From 2014 to 2016, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by the UK (-6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :