Eastern Asia: Monoethanolamine Market 2024

Monoethanolamine Market Size in Eastern Asia

In 2021, the East Asian monoethanolamine market decreased by -13.5% to $X, falling for the second year in a row after three years of growth. The total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% 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 decreased by -21.7% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Monoethanolamine Production in Eastern Asia

In value terms, monoethanolamine production expanded sharply to $X in 2021 estimated in export price. The total production 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, production decreased by -8.7% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 50% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Monoethanolamine Exports

Exports in Eastern Asia

In 2021, shipments abroad of monoethanolamine and its salts increased by 185% to X tons, rising for the third year in a row after two years of decline. In general, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, monoethanolamine exports skyrocketed to $X in 2021. Over the period under review, exports saw a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the main exporting country with an export of about X tons, which amounted to 61% of total exports. Taiwan (Chinese) (X tons) held a 33% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (4.6%).

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +36.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest monoethanolamine supplying countries in Eastern Asia were China ($X), Taiwan (Chinese) ($X) and South Korea ($X), with a combined 97% share of total exports.

China, with a CAGR of +32.0%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, surging by 19% against the previous year. Over the period under review, the export price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2018 an increase of 38%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.6%), while the other leaders experienced a decline in the export price figures.

Monoethanolamine Imports

Imports in Eastern Asia

Monoethanolamine imports dropped remarkably to X tons in 2021, reducing by -30.6% against the year before. Total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -34.2% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 26%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, monoethanolamine imports declined to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 23% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China represented the major importer of monoethanolamine and its salts in Eastern Asia, with the volume of imports recording X tons, which was near 45% of total imports in 2021. Japan (X tons) took the second position in the ranking, distantly followed by South Korea (X tons) and Taiwan (Chinese) (X tons). All these countries together held near 55% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Japan (with a CAGR of +9.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2021, with a combined 85% share of total imports.

Japan, with a CAGR of +5.5%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, picking up by 25% against the previous year. Overall, the import price, however, recorded a pronounced descent. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and South Korea ($X per ton), while China ($X per ton) and Japan ($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) (-0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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