Chile: Triethanolamine Market 2024

Triethanolamine Market Size in Chile

After two years of decline, the Chilean triethanolamine market increased by 0.3% to $X in 2021. Over the period under review, consumption continues to indicate a pronounced reduction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Triethanolamine Production in Chile

In value terms, triethanolamine production stood at $X in 2021 estimated in export price. Overall, production showed a pronounced setback. The pace of growth was the most pronounced in 2013 when the production volume increased by 7.3% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Triethanolamine Exports

Exports from Chile

In 2021, the amount of triethanolamine and its salts exported from Chile rose remarkably to X tons, surging by 6.3% against the year before. In general, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +9.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +128.4% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of 37% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, triethanolamine exports rose to $X in 2021. The total export value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 26% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Bolivia (X tons) was the main destination for triethanolamine exports from Chile, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Bolivia amounted to +9.6%.

In value terms, Bolivia ($X) also remains the key foreign market for triethanolamine and its salts exports from Chile.

From 2012 to 2021, the average annual growth rate of value to Bolivia totaled +3.7%.

Export Prices by Country

In 2021, the average triethanolamine export price amounted to $X per ton, falling by -2.5% against the previous year. In general, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 3%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From 2012 to 2021, the rate of growth in terms of prices for Bolivia amounted to -5.4% per year.

Triethanolamine Imports

Imports into Chile

For the fifth consecutive year, Chile recorded growth in purchases abroad of triethanolamine and its salts, which increased by 6.2% to X tons in 2021. The total import volume increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 30% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, triethanolamine imports stood at $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 17% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest triethanolamine supplier to Chile, with a 90% share of total imports. Moreover, triethanolamine imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+21.0% per year) and Brazil (+5.4% per year).

In value terms, the United States ($X) constituted the largest supplier of triethanolamine and its salts to Chile, comprising 83% of total imports. The second position in the ranking was held by Brazil ($X), with a 9.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+10.3% per year) and Mexico (+16.9% per year).

Import Prices by Country

The average triethanolamine import price stood at $X per ton in 2021, falling by -2.6% against the previous year. Over the period under review, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by less than 0.1%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+4.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :