China: Triethanolamine Market 2024

Triethanolamine Market Size in China

After four years of growth, the Chinese triethanolamine market decreased by -5.4% to $X in 2021. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Triethanolamine consumption peaked at $X in 2020, and then dropped in the following year.

Triethanolamine Production in China

In value terms, triethanolamine production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 23%. Triethanolamine production peaked at $X in 2020, and then dropped in the following year.

Triethanolamine Exports

Exports from China

In 2021, overseas shipments of triethanolamine and its salts decreased by -82.5% to X tons, falling for the sixth consecutive year after two years of growth. Overall, exports continue to indicate a dramatic descent. The growth pace was the most rapid in 2015 when exports increased by 375%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, triethanolamine exports shrank sharply to $X in 2021. In general, exports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2015 with an increase of 415% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X tons), Pakistan (X tons) and Malaysia (X tons) were the main destinations of triethanolamine exports from China, with a combined 55% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +16.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for triethanolamine exported from China were New Zealand ($X), Qatar ($X) and Malaysia ($X), with a combined 75% share of total exports. These countries were followed by the UK, Australia, Trinidad and Tobago, Uganda, Pakistan, Israel, Saudi Arabia, India, South Africa and Zambia, which together accounted for a further 19%.

Trinidad and Tobago, with a CAGR of 0.0%, saw 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 a decline.

Export Prices by Country

The average triethanolamine export price stood at $X per ton in 2021, declining by -12.6% against the previous year. Over the period under review, the export price showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 an increase of 26%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Pakistan ($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 New Zealand (+11.1%), while the prices for the other major destinations experienced a decline.

Triethanolamine Imports

Imports into China

In 2021, supplies from abroad of triethanolamine and its salts increased by 0.5% to X tons, rising for the second year in a row after six years of decline. Overall, imports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 85%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, triethanolamine imports reached $X in 2021. In general, imports, however, continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 50% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest triethanolamine supplier to China, with a 46% share of total imports. Moreover, triethanolamine imports from the United States exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-18.3% per year) and Saudi Arabia (-10.7% per year).

In value terms, the United States ($X) constituted the largest supplier of triethanolamine and its salts to China, comprising 47% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 22% share of total imports. It was followed by Saudi Arabia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-23.8% per year) and Saudi Arabia (-19.6% per year).

Import Prices by Country

The average triethanolamine import price stood at $X per ton in 2021, remaining stable against the previous year. Overall, the import price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2016 an increase of 7% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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