Asia-Pacific: Triethanolamine Market 2025

Triethanolamine Market Size in Asia-Pacific

The Asia-Pacific triethanolamine market stood at $X in 2021, leveling off at the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Triethanolamine Production in Asia-Pacific

In value terms, triethanolamine production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2019 with an increase of 13% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Triethanolamine Exports

Exports in Asia-Pacific

In 2021, overseas shipments of triethanolamine and its salts were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports, however, continue to indicate a abrupt setback. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, triethanolamine exports reduced markedly to $X in 2021. In general, exports, however, showed a precipitous setback. The pace of growth appeared the most rapid in 2014 with an increase of 0.5%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

South Korea represented the major exporter of triethanolamine and its salts in Asia-Pacific, with the volume of exports accounting for X tons, which was approx. 58% of total exports in 2021. Malaysia (X tons) took the second position in the ranking, followed by Japan (X tons) and Hong Kong SAR (X tons). All these countries together held near 37% share of total exports. Singapore (X tons) and Taiwan (Chinese) (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to triethanolamine exports from South Korea stood at +13.5%. At the same time, Hong Kong SAR (+13.7%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +13.7% from 2012-2021. By contrast, Japan (-9.4%), Singapore (-13.1%), Malaysia (-29.4%) and Taiwan (Chinese) (-35.8%) illustrated a downward trend over the same period. South Korea (+55 p.p.), Japan (+8.2 p.p.) and Hong Kong SAR (+7.7 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) and Malaysia saw its share reduced by -12.4% and -37.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest triethanolamine supplying countries in Asia-Pacific were Malaysia ($X), South Korea ($X) and Japan ($X), together accounting for 78% of total exports. These countries were followed by Hong Kong SAR, Singapore and Taiwan (Chinese), which together accounted for a further 19%.

Hong Kong SAR, with a CAGR of +4.2%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, falling by -32.8% against the previous year. In general, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the export price increased by 19% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+0.0%), while the other leaders experienced a decline in the export price figures.

Triethanolamine Imports

Imports in Asia-Pacific

Triethanolamine imports reached X tons in 2021, growing by 2.4% against 2020 figures. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 37% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, triethanolamine imports expanded to $X in 2021. In general, imports, however, continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2020 with an increase of 27%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X tons), distantly followed by China (X tons), the Philippines (X tons), Singapore (X tons), Japan (X tons), Vietnam (X tons) and Australia (X tons) represented the main importers of triethanolamine and its salts, together creating 89% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +24.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest triethanolamine importing markets in Asia-Pacific were South Korea ($X), the Philippines ($X) and Singapore ($X), with a combined 50% share of total imports.

The Philippines, with a CAGR of +20.1%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, remaining constant against the previous year. Overall, the import price, however, continues to indicate a pronounced reduction. The level of import peaked at $X per ton in 2012; however, from 2013 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, the country with the highest price was Vietnam ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-3.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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