Republic of Korea: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in Republic of Korea

The South Korean hexamethylenediamine and ethylenediamine market declined modestly to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, saw a mild contraction. Hexamethylenediamine and ethylenediamine consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Hexamethylenediamine And Ethylenediamine Production in Republic of Korea

In value terms, hexamethylenediamine and ethylenediamine production declined to $X in 2022 estimated in export price. In general, production, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Hexamethylenediamine and ethylenediamine production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Hexamethylenediamine And Ethylenediamine Exports

Exports from Republic of Korea

In 2022, the amount of hexamethylenediamine and its salts, ethylenediamine and its salts exported from South Korea skyrocketed to X tons, picking up by X% compared with the year before. In general, exports, however, showed a perceptible slump. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, hexamethylenediamine and ethylenediamine exports soared to $X in 2022. Over the period under review, exports, however, recorded a noticeable slump. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for hexamethylenediamine and ethylenediamine exports from South Korea, with a X% share of total exports. Moreover, hexamethylenediamine and ethylenediamine exports to China exceeded the volume sent to the second major destination, Japan (X tons), fourfold. The third position in this ranking was held by Malaysia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Malaysia (X% per year).

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

India, with a CAGR of X%, recorded 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 2022, the average hexamethylenediamine and ethylenediamine export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Hexamethylenediamine And Ethylenediamine Imports

Imports into Republic of Korea

In 2022, after two years of growth, there was decline in purchases abroad of hexamethylenediamine and its salts, ethylenediamine and its salts, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, hexamethylenediamine and ethylenediamine imports surged to $X in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest hexamethylenediamine and ethylenediamine supplier to South Korea, accounting for a X% share of total imports. Moreover, hexamethylenediamine and ethylenediamine imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was taken by Saudi Arabia (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Saudi Arabia (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The average hexamethylenediamine and ethylenediamine import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hexamethylenediamine and ethylenediamine import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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