China: Diethanolamine Market 2024

Diethanolamine Market Size in China

The Chinese diethanolamine market shrank markedly to $X in 2021, which is down by -17.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +75.6% against 2015 indices. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Diethanolamine Exports

Exports from China

In 2021, shipments abroad of diethanolamine and its salts increased by 110% to X tons, rising for the fourth year in a row after three years of decline. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 415%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, diethanolamine exports surged to $X in 2021. Overall, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 471%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Peru (X tons), Thailand (X tons) and Argentina (X tons) were the main destinations of diethanolamine exports from China, with a combined 76% 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 Thailand (with a CAGR of +267.8%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Thailand ($X) and Peru ($X) constituted the largest markets for diethanolamine exported from China worldwide, with a combined 73% share of total exports. Argentina, India, the UK and Singapore lagged somewhat behind, together comprising a further 24%.

India, with a CAGR of +288.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average diethanolamine export price amounted to $X per ton, surging by 19% against the previous year. Over the period under review, the export price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2017 an increase of 105%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Singapore ($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 Myanmar (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Diethanolamine Imports

Imports into China

In 2021, after seven years of growth, there was significant decline in purchases abroad of diethanolamine and its salts, when their volume decreased by -24.5% to X tons. Overall, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2020 when imports increased by 40%. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, diethanolamine imports reduced to $X in 2021. Over the period under review, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 36%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest diethanolamine supplier to China, with a 58% share of total imports. Moreover, diethanolamine imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fivefold. The third position in this ranking was held by Belgium (X tons), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia amounted to +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+0.4% per year) and Belgium (+6.3% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of diethanolamine and its salts to China, comprising 55% of total imports. The second position in the ranking was held by Malaysia ($X), with a 13% share of total imports. It was followed by Belgium, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia amounted to +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-0.9% per year) and Belgium (+4.3% per year).

Import Prices by Country

The average diethanolamine import price stood at $X per ton in 2021, rising by 15% against the previous year. In general, the import price, however, showed a perceptible setback. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Thailand ($X per ton) and Japan ($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 Japan (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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