Asia-Pacific: Monoethanolamine Market 2024

Monoethanolamine Market Size in Asia-Pacific

In 2021, the Asia-Pacific monoethanolamine market decreased by -4.6% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Monoethanolamine Production in Asia-Pacific

In value terms, monoethanolamine production rose notably to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 15%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Monoethanolamine Exports

Exports in Asia-Pacific

In 2021, overseas shipments of monoethanolamine and its salts increased by 70% to X tons for the first time since 2015, thus ending a five-year declining trend. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, monoethanolamine exports surged to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Malaysia (X tons), distantly followed by Thailand (X tons), China (X tons), Taiwan (Chinese) (X tons) and India (X tons) were the largest exporters of monoethanolamine and its salts, together creating 95% of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +36.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), India ($X) and China ($X) were the countries with the highest levels of exports in 2021, together comprising 80% of total exports.

China, with a CAGR of +32.0%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, reducing by -5.6% against the previous year. Overall, the export price continues to indicate a perceptible slump. The growth pace was the most rapid in 2017 when the export price increased by 31% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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-Pacific

In 2021, the amount of monoethanolamine and its salts imported in Asia-Pacific shrank sharply to X tons, waning by -16.4% against the year before. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 22%. The volume of import peaked at X tons in 2020, and then contracted rapidly in the following year.

In value terms, monoethanolamine imports surged to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.4% 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 increased by +18.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 21%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) and China (X tons) were the main importers of monoethanolamine and its salts in Asia-Pacific, together generating 55% of total imports. Japan (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (8%) and Taiwan (Chinese) (7.3%). Singapore (X tons) and Australia (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by India (with a CAGR of +19.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported monoethanolamine and its salts in Asia-Pacific, comprising 38% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by Japan, with a 13% 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-Pacific stood at $X per ton in 2021, increasing by 39% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a 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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