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Imports of Monoethanolamine peaked at 40K tons in 2022 before significantly decreasing in the following year. In terms of value, imports of Monoethanolamine dropped to $44M in 2023.
During the period examined, Monoethanolamine imports reached a peak of 40K tons in 2022, but saw a significant decline in the subsequent year. In terms of value, imports of Monoethanolamine dropped sharply to $43M in 2023.
Monoethanolamine imports reached 50,000 tons in 2022 before declining in the subsequent year. The import value of monoethanolamine dropped to $96 million in 2023.
During the review period, Monoethanolamine exports reached a record high of 94K tons in 2016. However, from 2017 to 2023, the exports failed to regain momentum, with exports contracting sharply to $114M in 2023.
During the period from July 2023 to September 2023, the import growth experienced a slight decrease. In terms of value, the imports of Monoethanolamine surged to $699K in September 2023.
In August 2022, import growth for Monoethanolamine was the most rapid, increasing by 134% compared to the previous month. In terms of value, Monoethanolamine imports significantly expanded to $2.6M in June 2023.
In April 2023, the price of Monoethanolamine was $1,838 per ton (CIF, Netherlands), representing a decrease of 13.8% compared to the previous month.
In March 2023, the monoethanolamine price amounted to $2,092 per ton (CIF, Italy), reducing by -2.1% against the previous month.
In January 2023, the monoethanolamine price amounted to $2,241 per ton (CIF, United Kingdom), surging by 4.3% against the previous month.
In August 2022, the monoethanolamine price amounted to $2,272 per ton (CIF, Canada), shrinking by -8.1% against the previous month.
In May 2022, the monoethanolamine price per ton amounted to $2,384 (FOB, US) with an increase of 11% against the previous month.
The global decarbonisation trend, the increasing number of CCS projects (carbon capture and storage facility) being implemented and the widespread use of monoethanolamine (MEA) as an absorbing agent to capture СО2 emissions could provide significant impetus to the further development of the MEA market. MEA is currently one of the most widely used absorbing agents in the oil and gas sectors for the purification of industrial waste.
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