China: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in China

In 2023, the Chinese hexamethylenediamine and ethylenediamine market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, recorded a pronounced reduction. Hexamethylenediamine and ethylenediamine consumption peaked at $X in 2015; however, from 2016 to 2023, consumption failed to regain momentum.

Hexamethylenediamine And Ethylenediamine Exports

Exports from China

For the third consecutive year, China recorded growth in overseas shipments of hexamethylenediamine and its salts, ethylenediamine and its salts, which increased by X% to X tons in 2023. Overall, total exports indicated a pronounced increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in years to come.

In value terms, hexamethylenediamine and ethylenediamine exports fell modestly to $X in 2023. Over the period under review, exports posted noticeable growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then fell in the following year.

Exports by Country

India (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the main destinations of hexamethylenediamine and ethylenediamine exports from China, with a combined X% share of total exports. Malaysia, Russia, Indonesia, Hong Kong SAR, South Korea, the United States, Vietnam and Singapore lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hexamethylenediamine and ethylenediamine exported from China were Taiwan (Chinese) ($X), Japan ($X) and Russia ($X), with a combined X% share of total exports. India, Malaysia, Hong Kong SAR, Indonesia, South Korea, the United States, Singapore and Vietnam lagged somewhat behind, together comprising a further X%.

Hong Kong SAR, with a CAGR of X%, saw the highest rates of growth with regard to 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 2023, the average hexamethylenediamine and ethylenediamine export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price recorded a mild reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hexamethylenediamine And Ethylenediamine Imports

Imports into China

In 2023, 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 X% to X tons. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, hexamethylenediamine and ethylenediamine imports declined to $X in 2023. Overall, imports, however, continue to indicate a slight slump. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Saudi Arabia (X tons) and Germany (X tons) were the main suppliers of hexamethylenediamine and ethylenediamine imports to China, with a combined X% share of total imports. India, Sweden, Japan, France and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the average hexamethylenediamine and ethylenediamine import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price recorded a mild slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then reduced dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform