Turkey: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in Turkey

In 2021, the Turkish hexamethylenediamine and ethylenediamine market increased by 2.9% to $X, rising for the fourth year in a row after two years of decline. Overall, consumption, however, saw a drastic downturn. Hexamethylenediamine and ethylenediamine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hexamethylenediamine And Ethylenediamine Production in Turkey

In value terms, hexamethylenediamine and ethylenediamine production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 38% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Hexamethylenediamine And Ethylenediamine Exports

Exports from Turkey

In 2021, the amount of hexamethylenediamine and its salts, ethylenediamine and its salts exported from Turkey skyrocketed to X tons, increasing by 174% against the previous year's figure. Overall, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 5,088%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, hexamethylenediamine and ethylenediamine exports skyrocketed to $X in 2021. In general, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 5,219% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Iran (X tons) was the main destination for hexamethylenediamine and ethylenediamine exports from Turkey, with a 47% share of total exports. Moreover, hexamethylenediamine and ethylenediamine exports to Iran exceeded the volume sent to the second major destination, Morocco (X tons), fourfold. The third position in this ranking was held by Bangladesh (X tons), with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume to Iran amounted to +64.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+189.0% per year) and Bangladesh (+60.2% per year).

In value terms, Iran ($X) emerged as the key foreign market for hexamethylenediamine and its salts, ethylenediamine and its salts exports from Turkey, comprising 48% of total exports. The second position in the ranking was taken by Syrian Arab Republic ($X), with a 15% share of total exports. It was followed by Morocco, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Iran totaled +44.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (0.0% per year) and Morocco (+199.4% per year).

Export Prices by Country

In 2021, the average hexamethylenediamine and ethylenediamine export price amounted to $X per ton, which is down by -5.7% against the previous year. In general, the export price recorded a pronounced contraction. The pace of growth was the most pronounced in 2018 an increase of 38% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Syrian Arab Republic ($X per ton), while the average price for exports to Bangladesh ($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 Iraq (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Hexamethylenediamine And Ethylenediamine Imports

Imports into Turkey

In 2021, after two years of decline, there was significant growth in supplies from abroad of hexamethylenediamine and its salts, ethylenediamine and its salts, when their volume increased by 101% to X tons. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hexamethylenediamine and ethylenediamine imports soared to $X in 2021. In general, imports showed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) was the main supplier of hexamethylenediamine and ethylenediamine to Turkey, with a 96% share of total imports. Moreover, hexamethylenediamine and ethylenediamine imports from the United States exceeded the figures recorded by the second-largest supplier, Sweden (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+26.3% per year) and France (-53.3% per year).

In value terms, the United States ($X) constituted the largest supplier of hexamethylenediamine and its salts, ethylenediamine and its salts to Turkey, comprising 96% of total imports. The second position in the ranking was held by Sweden ($X), with a 3.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+32.5% per year) and France (-51.6% per year).

Import Prices by Country

The average hexamethylenediamine and ethylenediamine import price stood at $X per ton in 2021, picking up by 57% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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