Austria: Monoethanolamine Market 2024

Monoethanolamine Market Size in Austria

The Austrian monoethanolamine market skyrocketed to $X in 2021, increasing by 25% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed strong growth. Monoethanolamine consumption peaked in 2021 and is likely to continue growth in the immediate term.

Monoethanolamine Exports

Exports from Austria

After two years of growth, overseas shipments of monoethanolamine and its salts decreased by -43.7% to X tons in 2021. In general, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 186%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, monoethanolamine exports declined markedly to $X in 2021. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 175%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for monoethanolamine exports from Austria, accounting for a 68% share of total exports. Moreover, monoethanolamine exports to Turkey exceeded the volume sent to the second major destination, Switzerland (X tons), eightfold. The third position in this ranking was held by Germany (X tons), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey stood at +83.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+75.6% per year) and Germany (-7.3% per year).

In value terms, Turkey ($X) remains the key foreign market for monoethanolamine and its salts exports from Austria, comprising 74% of total exports. The second position in the ranking was held by Germany ($X), with a 6.7% share of total exports. It was followed by Denmark, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey amounted to +74.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.7% per year) and Denmark (0.0% per year).

Export Prices by Country

The average monoethanolamine export price stood at $X per ton in 2021, growing by 26% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2018 an increase of 35% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Switzerland ($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 Germany (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Monoethanolamine Imports

Imports into Austria

For the fifth year in a row, Austria recorded growth in supplies from abroad of monoethanolamine and its salts, which increased by 10% to X tons in 2021. Over the period under review, imports saw buoyant growth. The growth pace was the most rapid in 2015 with an increase of 43%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, monoethanolamine imports surged to $X in 2021. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 55%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of monoethanolamine to Austria, with a 67% share of total imports. Moreover, monoethanolamine imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.2% per year) and Belgium (+14.4% per year).

In value terms, Germany ($X) constituted the largest supplier of monoethanolamine and its salts to Austria, comprising 58% of total imports. The second position in the ranking was taken by Italy ($X), with an 18% share of total imports. It was followed by Belgium, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.9% per year) and Belgium (+15.1% per year).

Import Prices by Country

The average monoethanolamine import price stood at $X per ton in 2021, with an increase of 21% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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