Asia-Pacific: Diethanolamine Market 2024

Diethanolamine Market Size in Asia-Pacific

The Asia-Pacific diethanolamine market totaled $X in 2021, stabilizing at the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Diethanolamine Production in Asia-Pacific

In value terms, diethanolamine production reduced to $X in 2021 estimated in export price. In general, production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 31%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Diethanolamine Exports

Exports in Asia-Pacific

In 2021, after three years of growth, there was decline in shipments abroad of diethanolamine and its salts, when their volume decreased by -4.1% to X tons. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 15% against the previous year. The volume of export peaked at X tons in 2020, and then shrank slightly in the following year.

In value terms, diethanolamine exports soared to $X in 2021. Overall, exports showed a perceptible reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 20% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia represented the major exporting country with an export of about X tons, which recorded 48% of total exports. Taiwan (Chinese) (X tons) ranks second in terms of the total exports with a 17% share, followed by Singapore (15%) and Thailand (11%). Japan (X tons), South Korea (X tons) and the Philippines (X tons) followed a long way behind the leaders.

Malaysia experienced a relatively flat trend pattern with regard to volume of exports of diethanolamine and its salts. At the same time, the Philippines (+62.6%), Singapore (+36.9%), Taiwan (Chinese) (+10.3%) and South Korea (+2.9%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +62.6% from 2012-2021. By contrast, Thailand (-10.6%) and Japan (-16.9%) illustrated a downward trend over the same period. Singapore (+14 p.p.), Taiwan (Chinese) (+9.9 p.p.), Malaysia (+4.1 p.p.) and the Philippines (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Japan and Thailand saw its share reduced by -12.5% and -18% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest diethanolamine supplier in Asia-Pacific, comprising 50% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 18% share of total exports. It was followed by Singapore, with a 14% share.

In Malaysia, diethanolamine exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+7.1% per year) and Singapore (+22.0% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, jumping by 24% against the previous year. Over the period under review, the export price, however, recorded a pronounced setback. The level of export peaked at $X per ton in 2014; however, from 2015 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 the Philippines ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.2%), while the other leaders experienced a decline in the export price figures.

Diethanolamine Imports

Imports in Asia-Pacific

In 2021, purchases abroad of diethanolamine and its salts decreased by -11.6% to X tons for the first time since 2013, thus ending a seven-year rising trend. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 29%. Over the period under review, imports attained the maximum at X tons in 2020, and then fell in the following year.

In value terms, diethanolamine imports amounted to $X in 2021. Total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.9% 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 -2.7% against 2018 indices. The pace of growth was the most pronounced in 2017 when imports increased by 25%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China represented the major importing country with an import of about X tons, which amounted to 62% of total imports. India (X tons) ranks second in terms of the total imports with a 13% share, followed by Thailand (7.5%) and Singapore (5.1%). South Korea (X tons), Indonesia (X tons) and Malaysia (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to diethanolamine imports into China stood at +8.4%. At the same time, Thailand (+31.2%), Singapore (+14.2%), India (+7.7%), Malaysia (+5.9%) and Indonesia (+4.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +31.2% from 2012-2021. By contrast, South Korea (-1.1%) illustrated a downward trend over the same period. While the share of Thailand (+6.1 p.p.) and Singapore (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of South Korea (-3.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported diethanolamine and its salts in Asia-Pacific, comprising 64% of total imports. The second position in the ranking was held by India ($X), with a 17% share of total imports. It was followed by Singapore, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +5.0%. The remaining importing countries recorded the following average annual rates of imports growth: India (+5.5% per year) and Singapore (+4.4% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, jumping by 18% against the previous year. Over the period under review, the import price, however, recorded a perceptible shrinkage. 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 India ($X per ton), while Singapore ($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 (-2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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