Benelux: Triethanolamine Market 2024

Triethanolamine Market Size in Benelux

The Benelux triethanolamine market declined slightly to $X in 2021, almost unchanged from the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Triethanolamine Production in Benelux

In value terms, triethanolamine production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a modest increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 28%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Triethanolamine Exports

Exports in Benelux

In 2019, shipments abroad of triethanolamine and its salts decreased by -7.8% to X tons, falling for the sixth year in a row after two years of growth. Over the period under review, exports saw a significant decrease. The growth pace was the most rapid in 2013 when exports increased by 26% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2019, the growth of the exports failed to regain momentum.

In value terms, triethanolamine exports declined to $X in 2019. Overall, exports faced a sharp reduction. The growth pace was the most rapid in 2013 with an increase of 29%. As a result, the exports reached the peak of $X. From 2014 to 2019, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands was the main exporting country with an export of about X tons, which finished at 81% of total exports. It was distantly followed by Belgium (X tons), comprising a 19% share of total exports.

The Netherlands was also the fastest-growing in terms of the triethanolamine and its salts exports, with a CAGR of -8.9% from 2012 to 2019. Belgium (-47.4%) illustrated a downward trend over the same period. While the share of the Netherlands (+72 p.p.) increased significantly in terms of the total exports from 2012-2019, the share of Belgium (-72.5 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest triethanolamine supplier in Benelux, comprising 70% of total exports. The second position in the ranking was taken by Belgium ($X), with a 30% share of total exports.

In the Netherlands, triethanolamine exports plunged by an average annual rate of -13.2% over the period from 2012-2019.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2019, rising by 4.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 30% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; afterwards, it flattened through to 2019.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Belgium (+7.1%).

Triethanolamine Imports

Imports in Benelux

In 2019, imports of triethanolamine and its salts in Benelux dropped sharply to X tons, with a decrease of -50.9% on the previous year's figure. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 99%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2019, imports failed to regain momentum.

In value terms, triethanolamine imports fell sharply to $X in 2019. In general, imports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 119%. The level of import peaked at $X in 2014; however, from 2015 to 2019, imports failed to regain momentum.

Imports by Country

Belgium represented the main importer of triethanolamine and its salts in Benelux, with the volume of imports amounting to X tons, which was approx. 84% of total imports in 2019. It was distantly followed by the Netherlands (X tons), mixing up a 16% share of total imports.

Belgium was also the fastest-growing in terms of the triethanolamine and its salts imports, with a CAGR of -18.6% from 2012 to 2019. The Netherlands (-19.7%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported triethanolamine and its salts in Benelux, comprising 87% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of value in Belgium stood at -20.7%.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2019, with a decrease of -3.2% against the previous year. In general, the import price showed a noticeable contraction. The growth pace was the most rapid in 2018 when the import price increased by 10%. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2019, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Belgium (-2.5%).

Source: IndexBox Platform