Brazil: Monoethanolamine Market 2024

Monoethanolamine Market Size in Brazil

The Brazilian monoethanolamine market contracted significantly to $X in 2021, reducing by -27.5% against the previous year. Overall, consumption continues to indicate a perceptible decrease. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Monoethanolamine Production in Brazil

In value terms, monoethanolamine production rose to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 37% against the previous year. Monoethanolamine production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Monoethanolamine Exports

Exports from Brazil

In 2021, shipments abroad of monoethanolamine and its salts increased by 2,195% to X tons, rising for the second consecutive year after three years of decline. Overall, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, monoethanolamine exports soared to $X in 2021. Over the period under review, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for monoethanolamine exports from Brazil, with a 50% share of total exports. Moreover, monoethanolamine exports to the United States exceeded the volume sent to the second major destination, Argentina (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +120,451.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+27.5% per year) and Spain (+16.4% per year).

In value terms, the United States ($X) emerged as the key foreign market for monoethanolamine and its salts exports from Brazil, comprising 48% of total exports. The second position in the ranking was held by Argentina ($X), with a 22% share of total exports. It was followed by Colombia, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +93,168.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+28.7% per year) and Colombia (+22.3% per year).

Export Prices by Country

In 2021, the average monoethanolamine export price amounted to $X per ton, reducing by -5.5% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Belgium ($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 Venezuela (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Monoethanolamine Imports

Imports into Brazil

In 2021, supplies from abroad of monoethanolamine and its salts decreased by -28.7% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 43%. Imports peaked at X tons in 2020, and then dropped remarkably in the following year.

In value terms, monoethanolamine imports fell rapidly to $X in 2021. Overall, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 29%. Imports peaked at $X in 2020, and then shrank remarkably in the following year.

Imports by Country

Saint Lucia (X tons), Germany (X tons) and Russia (X tons) were the main suppliers of monoethanolamine imports to Brazil, with a combined 82% share of total imports. These countries were followed by the United States, the United Arab Emirates, China and Sweden, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +279.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Saint Lucia ($X) and Russia ($X) were the largest monoethanolamine suppliers to Brazil, with a combined 79% share of total imports. The United States, the United Arab Emirates, China and Sweden lagged somewhat behind, together comprising a further 16%.

The United Arab Emirates, with a CAGR of +313.2%, saw the highest rates of growth with regard to the value of imports, among 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 monoethanolamine import price amounted to $X per ton, rising by 11% against the previous year. Overall, the import price, however, showed a noticeable curtailment. The import price peaked 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 China ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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