Brazil: Diethanolamine Market 2024

Diethanolamine Market Size in Brazil

In 2021, after eight years of decline, there was significant growth in the Brazilian diethanolamine market, when its value increased by 19% to $X. Over the period under review, consumption, however, saw a abrupt setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Diethanolamine Production in Brazil

In value terms, diethanolamine production dropped significantly to $X in 2021 estimated in export price. Over the period under review, production showed a dramatic slump. The pace of growth was the most pronounced in 2020 with an increase of 78% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Diethanolamine Exports

Exports from Brazil

In 2021, the amount of diethanolamine and its salts exported from Brazil fell dramatically to X tons, waning by -77.1% against the previous year's figure. Overall, exports faced a dramatic curtailment. The pace of growth was the most pronounced in 2015 when exports increased by 8,320% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, diethanolamine exports fell notably to $X in 2021. Over the period under review, exports saw a precipitous decline. The pace of growth appeared the most rapid in 2015 with an increase of 12,870% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons), China (X tons) and Paraguay (X tons) were the main destinations of diethanolamine exports from Brazil, with a combined 96% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of +175.5%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) emerged as the key foreign market for diethanolamine and its salts exports from Brazil, comprising 62% of total exports. The second position in the ranking was held by China ($X), with a 21% share of total exports. It was followed by Paraguay, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina totaled +180.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+85.8% per year) and Paraguay (+18.3% per year).

Export Prices by Country

In 2021, the average diethanolamine export price amounted to $X per ton, with an increase of 90% against the previous year. Over the period under review, the export price, however, showed a slight shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Paraguay ($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 Honduras (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Diethanolamine Imports

Imports into Brazil

In 2021, overseas purchases of diethanolamine and its salts decreased by -11% to X tons, falling for the third year in a row after two years of growth. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -36.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 51% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, diethanolamine imports shrank modestly to $X in 2021. In general, imports, however, showed slight growth. The most prominent rate of growth was recorded in 2018 with an increase of 53% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Russia (X tons) and Germany (X tons) were the main suppliers of diethanolamine imports to Brazil, together accounting for 82% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +25.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Russia ($X) and Germany ($X) constituted the largest diethanolamine suppliers to Brazil, with a combined 78% share of total imports.

Russia, with a CAGR of +23.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average diethanolamine import price amounted to $X per ton, with an increase of 10% against the previous year. Overall, the import price, however, recorded a slight decline. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Saint Lucia ($X per ton) and Belgium ($X per ton), while the price for the United States ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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