Belgium: Monoethanolamine Market 2024

Monoethanolamine Market Size in Belgium

The Belgian monoethanolamine market dropped markedly to $X in 2021, with a decrease of -97.8% against the previous year. In general, consumption showed a significant decrease. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Monoethanolamine Production in Belgium

In value terms, monoethanolamine production contracted remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,209% against the previous year. As a result, production reached the peak level of $X, and then shrank notably in the following year.

Monoethanolamine Exports

Exports from Belgium

In 2021, the amount of monoethanolamine and its salts exported from Belgium reduced slightly to X tons, falling by -4.7% compared with the previous year's figure. Over the period under review, exports, however, showed a notable expansion. The growth pace was the most rapid in 2020 when exports increased by 195% against the previous year. As a result, the exports reached the peak of X tons, and then contracted slightly in the following year.

In value terms, monoethanolamine exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 193% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

France (X tons), Germany (X tons) and Spain (X tons) were the main destinations of monoethanolamine exports from Belgium, together comprising 57% of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +17.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Spain ($X) were the largest markets for monoethanolamine exported from Belgium worldwide, with a combined 57% share of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +20.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average monoethanolamine export price amounted to $X per ton, growing by 84% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Hungary ($X per ton) and Spain ($X per ton), while the average price for exports to the UK ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Monoethanolamine Imports

Imports into Belgium

In 2021, purchases abroad of monoethanolamine and its salts decreased by -14.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, saw a noticeable expansion. The pace of growth was the most pronounced in 2020 with an increase of 161%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, monoethanolamine imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw noticeable growth. The pace of growth appeared the most rapid in 2020 when imports increased by 122%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of monoethanolamine imports to Belgium, together comprising 84% of total imports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +33.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) constituted the largest supplier of monoethanolamine and its salts to Belgium, comprising 45% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by the United States, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Saudi Arabia stood at +34.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.4% per year) and the United States (-8.2% per year).

Import Prices by Country

The average monoethanolamine import price stood at $X per ton in 2021, with an increase of 46% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :