Australia: Monoethanolamine Market 2024

Monoethanolamine Market Size in Australia

In 2021, the Australian monoethanolamine market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption continues to indicate noticeable growth. Monoethanolamine consumption peaked in 2021 and is expected to retain growth in the immediate term.

Monoethanolamine Production in Australia

In value terms, monoethanolamine production totaled $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 45% 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 from Australia

In 2021, monoethanolamine exports from Australia dropped notably to X tons, falling by -75.8% on 2020. In general, exports, however, recorded slight growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,151% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, monoethanolamine exports reduced rapidly to $X in 2021. Over the period under review, exports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 690%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for monoethanolamine exports from Australia, accounting for a 88% share of total exports. Moreover, monoethanolamine exports to New Zealand exceeded the volume sent to the second major destination, Vietnam (X kg), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-22.5% per year) and Singapore (-17.7% per year).

In value terms, New Zealand ($X) remains the key foreign market for monoethanolamine and its salts exports from Australia, comprising 84% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value to New Zealand stood at +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-19.0% per year) and Singapore (+6.2% per year).

Export Prices by Country

The average monoethanolamine export price stood at $X per ton in 2021, surging by 7.3% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2019 when the average export price increased by 103%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.

Monoethanolamine Imports

Imports into Australia

In 2021, after three years of growth, there was significant decline in purchases abroad of monoethanolamine and its salts, when their volume decreased by -9.4% to X tons. In general, total imports indicated a remarkable increase from 2013 to 2021: its volume increased at an average annual rate of +9.1% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +100.2% against 2013 indices. The growth pace was the most rapid in 2014 with an increase of 65% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then reduced in the following year.

In value terms, monoethanolamine imports expanded significantly to $X in 2021. Over the period under review, total imports indicated strong growth from 2013 to 2021: its value increased at an average annual rate of +8.6% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +7.3% against 2018 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 69% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest monoethanolamine supplier to Australia, accounting for a 59% share of total imports. Moreover, monoethanolamine imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a 10% share.

From 2013 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia amounted to +66.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.5% per year) and Germany (+4.5% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of monoethanolamine and its salts to Australia, comprising 56% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Thailand, with a 10% share.

From 2013 to 2021, the average annual growth rate of value from Saudi Arabia totaled +62.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.6% per year) and Thailand (+1.7% per year).

Import Prices by Country

The average monoethanolamine import price stood at $X per ton in 2021, growing by 19% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by India (+40.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :