Eastern Asia: Diethanolamine Market 2024

Diethanolamine Market Size in Eastern Asia

The East Asian diethanolamine market declined to $X in 2021, which is down by -13.3% against the previous year. The total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.2% against 2015 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Diethanolamine Production in Eastern Asia

In value terms, diethanolamine production declined to $X in 2021 estimated in export price. Overall, production faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by 108% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Diethanolamine Exports

Exports in Eastern Asia

After two years of growth, overseas shipments of diethanolamine and its salts decreased by -25.8% to X tons in 2021. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 126% against the previous year. The volume of export peaked at X tons in 2020, and then contracted significantly in the following year.

In value terms, diethanolamine exports totaled $X in 2021. Overall, exports saw a mild reduction. The pace of growth was the most pronounced in 2019 with an increase of 88%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) represented the key exporter of diethanolamine and its salts in Eastern Asia, with the volume of exports resulting at X tons, which was approx. 70% of total exports in 2021. Japan (X tons) ranks second in terms of the total exports with a 13% share, followed by South Korea (12%) and China (5%).

From 2012 to 2021, average annual rates of growth with regard to diethanolamine exports from Taiwan (Chinese) stood at +10.3%. At the same time, China (+20.7%) and South Korea (+2.9%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +20.7% from 2012-2021. By contrast, Japan (-16.9%) illustrated a downward trend over the same period. Taiwan (Chinese) (+43 p.p.), China (+4.1 p.p.) and South Korea (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -50.6% from 2012 to 2021, respectively.

In value terms, Taiwan (Chinese) ($X) remains the largest diethanolamine supplier in Eastern Asia, comprising 61% of total exports. The second position in the ranking was held by Japan ($X), with a 16% share of total exports. It was followed by South Korea, with a 13% share.

In Taiwan (Chinese), diethanolamine exports increased at an average annual rate of +7.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-15.1% per year) and South Korea (+2.2% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, growing by 36% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.2%), while the other leaders experienced a decline in the export price figures.

Diethanolamine Imports

Imports in Eastern Asia

In 2021, overseas purchases of diethanolamine and its salts decreased by -22.4% to X tons for the first time since 2013, thus ending a seven-year rising trend. Overall, imports, however, showed strong growth. The growth pace was the most rapid in 2020 when imports increased by 36% against the previous year. As a result, imports reached the peak of X tons, and then fell markedly in the following year.

In value terms, diethanolamine imports fell to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.0% 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 +74.6% against 2015 indices. The pace of growth was the most pronounced in 2020 when imports increased by 31% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

China prevails in imports structure, amounting to X tons, which was approx. 93% of total imports in 2021. South Korea (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the diethanolamine and its salts imports, with a CAGR of +8.4% from 2012 to 2021. At the same time, Taiwan (Chinese) (+2.8%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, South Korea (-1.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +6.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported diethanolamine and its salts in Eastern Asia, comprising 92% of total imports. The second position in the ranking was held by South Korea ($X), with a 3.9% share of total imports. It was followed by Taiwan (Chinese), with a 2.4% share.

In China, diethanolamine imports increased at an average annual rate of +5.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (-5.1% per year) and Taiwan (Chinese) (+1.2% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, surging by 15% against the previous year. Overall, the import price, however, continues to indicate a perceptible shrinkage. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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