Australia and Oceania: Monoethanolamine Market 2024

Monoethanolamine Market Size in Australia and Oceania

In 2021, the monoethanolamine market in Australia and Oceania was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, posted a resilient expansion. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Monoethanolamine Production in Australia and Oceania

In value terms, monoethanolamine production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 40% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Monoethanolamine Exports

Exports in Australia and Oceania

In 2021, shipments abroad of monoethanolamine and its salts decreased by -54.3% to X tons, falling for the third consecutive year after two years of growth. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 422%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, monoethanolamine exports contracted markedly to $X in 2021. Over the period under review, exports recorded a noticeable setback. The pace of growth was the most pronounced in 2013 with an increase of 297%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, New Zealand (X tons) represented the main exporter of monoethanolamine and its salts, generating 80% of total exports. It was distantly followed by Australia (X tons), generating a 20% share of total exports.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of monoethanolamine and its salts. At the same time, Australia (+1.5%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +1.5% from 2012-2021. While the share of Australia (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-2.3 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) emerged as the largest monoethanolamine supplier in Australia and Oceania, comprising 77% of total exports. The second position in the ranking was held by Australia ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in New Zealand stood at -2.3%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, picking up by 37% against the previous year. In general, the export price, however, showed a pronounced decline. The pace of growth was the most pronounced in 2014 an increase of 46% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-2.1%).

Monoethanolamine Imports

Imports in Australia and Oceania

In 2021, after three years of growth, there was significant decline in purchases abroad of monoethanolamine and its salts, when their volume decreased by -8.2% to X tons. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 305% against the previous year. The volume of import peaked at X tons in 2020, and then dropped in the following year.

In value terms, monoethanolamine imports reached $X in 2021. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 273% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

Australia dominates imports structure, resulting at X tons, which was approx. 90% of total imports in 2021. It was distantly followed by New Zealand (X tons), mixing up a 9.6% share of total imports.

Australia was also the fastest-growing in terms of the monoethanolamine and its salts imports, with a CAGR of +9.1% from 2012 to 2021. New Zealand (-4.9%) illustrated a downward trend over the same period. While the share of Australia (+90 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of New Zealand (-87.1 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported monoethanolamine and its salts in Australia and Oceania, comprising 88% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +8.6%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, picking up by 23% against the previous year. In general, the import price, however, continues to indicate a slight downturn. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+1.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :