CIS: Triethanolamine Market 2024

Triethanolamine Market Size in CIS

The CIS triethanolamine market declined to $X in 2021, falling by -8.5% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Triethanolamine Production in CIS

In value terms, triethanolamine production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 29% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

Triethanolamine Exports

Exports in CIS

In 2019, the amount of triethanolamine and its salts exported in the CIS expanded to X tons, increasing by 2.5% on 2018. Over the period under review, exports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2015 when exports increased by 56% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2019, the exports remained at a lower figure.

In value terms, triethanolamine exports contracted to $X in 2019. Overall, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2013 when exports increased by 32%. As a result, the exports reached the peak of $X. From 2014 to 2019, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of triethanolamine and its salts, namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the triethanolamine and its salts exports, with a CAGR of -3.5% from 2012 to 2019. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest triethanolamine supplier in the CIS.

In Russia, triethanolamine exports shrank by an average annual rate of -8.8% over the period from 2012-2019.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2019, dropping by -3% against the previous year. In general, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 an increase of 13% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2019, 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 Russia.

From 2012 to 2019, the rate of growth in terms of prices for Russia amounted to -5.5% per year.

Triethanolamine Imports

Imports in CIS

In 2021, after four years of growth, there was significant decline in overseas purchases of triethanolamine and its salts, when their volume decreased by -10.7% to X tons. Total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +28.2% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 31% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then dropped in the following year.

In value terms, triethanolamine imports fell significantly to $X in 2021. Overall, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Belarus represented the main importer of triethanolamine and its salts in the CIS, with the volume of imports accounting for X tons, which was near 78% of total imports in 2021. It was distantly followed by Azerbaijan (X tons), creating a 21% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to triethanolamine imports into Belarus stood at +8.1%. At the same time, Azerbaijan (+40.3%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +40.3% from 2012-2021. From 2012 to 2021, the share of Belarus and Azerbaijan increased by +22 and +19 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) constitutes the largest market for imported triethanolamine and its salts in the CIS, comprising 74% of total imports. The second position in the ranking was held by Azerbaijan ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Belarus was relatively modest.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, falling by -17.8% against the previous year. Overall, the import price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 when the import price increased by 4.4%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Azerbaijan ($X per ton), while Belarus stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (-6.9%).

Source: IndexBox Platform

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