Canada: Triethanolamine Market 2024

Triethanolamine Market Size in Canada

For the sixth consecutive year, the Canadian triethanolamine market recorded growth in sales value, which increased by 5% to $X in 2021. Over the period under review, consumption posted a strong expansion. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in years to come.

Triethanolamine Exports

Exports from Canada

For the fifth consecutive year, Canada recorded decline in shipments abroad of triethanolamine and its salts, which decreased by -17.8% to X kg in 2021. Over the period under review, exports faced a significant decline. The growth pace was the most rapid in 2013 with an increase of 57%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, triethanolamine exports amounted to $X in 2021. Overall, exports recorded a significant curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 83% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg), the United States (X kg) and the UK (X kg) were the main destinations of triethanolamine exports from Canada, together comprising 96% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of -16.9%), while shipments for the other leaders experienced a decline.

In value terms, the United States ($X), the UK ($X) and the Netherlands ($X) were the largest markets for triethanolamine exported from Canada worldwide, with a combined 92% share of total exports.

Among the main countries of destination, the UK, with a CAGR of -3.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average triethanolamine export price amounted to $X per ton, growing by 22% against the previous year. In general, the export price saw a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of 95%. 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 country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to the Netherlands ($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 the UK (+34.8%), while the prices for the other major destinations experienced more modest paces of growth.

Triethanolamine Imports

Imports into Canada

For the sixth year in a row, Canada recorded growth in overseas purchases of triethanolamine and its salts, which increased by 9.1% to X tons in 2021. In general, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by 127% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, triethanolamine imports rose to $X in 2021. Over the period under review, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.4% 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 increased by +84.3% against 2015 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 61% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the United States (X tons) was the main triethanolamine supplier to Canada, accounting for a 94% share of total imports. Moreover, triethanolamine imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+23.7% per year) and Mexico (+26.1% per year).

In value terms, the United States ($X) constituted the largest supplier of triethanolamine and its salts to Canada, comprising 94% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 1.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.4% per year) and Mexico (+12.9% per year).

Import Prices by Country

The average triethanolamine import price stood at $X per ton in 2021, with a decrease of -5.8% against the previous year. Over the period under review, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average import price decreased by -2.4% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($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 States (-9.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :