Asia: Monoethanolamine Market 2024

Monoethanolamine Market Size in Asia

The Asian monoethanolamine market rose modestly to $X in 2021, increasing by 1.8% against the previous year. The market value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Monoethanolamine Production in Asia

In value terms, monoethanolamine production expanded remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 20% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Monoethanolamine Exports

Exports in Asia

In 2021, the amount of monoethanolamine and its salts exported in Asia rose sharply to X tons, growing by 11% on the previous year. Over the period under review, exports posted resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by 78% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, monoethanolamine exports skyrocketed to $X in 2021. In general, exports posted a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 82% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia represented the major exporter of monoethanolamine and its salts in Asia, with the volume of exports amounting to X tons, which was approx. 60% of total exports in 2021. Malaysia (X tons) ranks second in terms of the total exports with a 13% share, followed by Thailand (8.1%) and China (6.3%). The following exporters - Taiwan (Chinese) (X tons), the United Arab Emirates (X tons) and India (X tons) - together made up 7.9% of total exports.

From 2012 to 2021, average annual rates of growth with regard to monoethanolamine exports from Saudi Arabia stood at +36.8%. At the same time, China (+36.9%), Taiwan (Chinese) (+12.7%), India (+12.1%), the United Arab Emirates (+9.9%) and Malaysia (+1.1%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia, with a CAGR of +36.9% from 2012-2021. By contrast, Thailand (-3.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Saudi Arabia and China increased by +50 and +5.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest monoethanolamine supplier in Asia, comprising 60% of total exports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total exports. It was followed by India, with a 7.9% share.

In Saudi Arabia, monoethanolamine exports increased at an average annual rate of +35.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-1.0% per year) and India (+8.8% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, surging by 19% against the previous year. Over the period under review, the export price, however, saw a noticeable slump. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.7%), while the other leaders experienced a decline in the export price figures.

Monoethanolamine Imports

Imports in Asia

In 2021, approx. X tons of monoethanolamine and its salts were imported in Asia; falling by -13.4% compared with the previous year. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.3% against 2018 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 21%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, monoethanolamine imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 28%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons) and China (X tons) were the key importers of monoethanolamine and its salts in 2021, amounting to approx. 26% and 22% of total imports, respectively. Japan (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (8%), South Korea (7.1%) and Taiwan (Chinese) (6.4%). Singapore (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +26.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported monoethanolamine and its salts in Asia, comprising 33% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Japan, with an 11% share.

In India, monoethanolamine imports increased at an average annual rate of +19.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (+0.2% per year) and Japan (+5.5% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, rising by 39% against the previous year. Over the period under review, the import price, however, saw a mild decrease. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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