Sri Lanka: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in Sri Lanka

After four years of growth, the Sri Lankan hexamethylenediamine and ethylenediamine market decreased by -2.6% to $X in 2021. Over the period under review, consumption showed a noticeable curtailment. Hexamethylenediamine and ethylenediamine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Hexamethylenediamine And Ethylenediamine Production in Sri Lanka

In value terms, hexamethylenediamine and ethylenediamine production fell to $X in 2021 estimated in export price. In general, production showed a noticeable contraction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 22% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Hexamethylenediamine And Ethylenediamine Exports

Exports from Sri Lanka

In 2021, overseas shipments of hexamethylenediamine and its salts, ethylenediamine and its salts were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, saw a deep setback. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, hexamethylenediamine and ethylenediamine exports soared to $X in 2021. Over the period under review, exports, however, showed a deep reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for hexamethylenediamine and ethylenediamine exports from Sri Lanka, with a 73% share of total exports. Moreover, hexamethylenediamine and ethylenediamine exports to Turkey exceeded the volume sent to the second major destination, Pakistan (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Turkey was relatively modest.

In value terms, Turkey ($X) emerged as the key foreign market for hexamethylenediamine and its salts, ethylenediamine and its salts exports from Sri Lanka, comprising 65% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Turkey was relatively modest.

Export Prices by Country

The average hexamethylenediamine and ethylenediamine export price stood at $X per ton in 2021, waning by -37.4% against the previous year. Over the period under review, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2019 when the average export price increased by 90% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Turkey ($X per ton), while the average price for exports to Pakistan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (-8.3%).

Hexamethylenediamine And Ethylenediamine Imports

Imports into Sri Lanka

In 2021, after two years of growth, there was significant decline in purchases abroad of hexamethylenediamine and its salts, ethylenediamine and its salts, when their volume decreased by -9.6% to X tons. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 231%. Imports peaked at X tons in 2020, and then shrank in the following year.

In value terms, hexamethylenediamine and ethylenediamine imports shrank to $X in 2021. In general, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2016 when imports increased by 235%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of hexamethylenediamine and ethylenediamine imports to Sri Lanka, with a combined 79% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +51.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), India ($X) and China ($X) constituted the largest hexamethylenediamine and ethylenediamine suppliers to Sri Lanka, together comprising 78% of total imports.

India, with a CAGR of +35.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hexamethylenediamine and ethylenediamine import price stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the import price saw a pronounced descent. The pace of growth was the most pronounced in 2018 an increase of 8%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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