Eastern Europe: Monoethanolamine Market 2024

Monoethanolamine Market Size in Eastern Europe

In 2021, after two years of decline, there was significant growth in the East European monoethanolamine market, when its value increased by 12% to $X. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to continue growth in the near future.

Monoethanolamine Production in Eastern Europe

In value terms, monoethanolamine production rose to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of 13% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Monoethanolamine Exports

Exports in Eastern Europe

In 2021, exports of monoethanolamine and its salts in Eastern Europe soared to X tons, growing by 131% against the year before. Overall, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, monoethanolamine exports soared to $X in 2021. Over the period under review, exports enjoyed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia dominates exports structure, accounting for X tons, which was near 88% of total exports in 2021. It was distantly followed by Poland (X tons), constituting an 8.4% share of total exports. The Czech Republic (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to monoethanolamine exports from Russia stood at +7.7%. At the same time, the Czech Republic (+60.9%) and Poland (+18.5%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +60.9% from 2012-2021. While the share of Poland (+4.5 p.p.) and the Czech Republic (+3.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Russia (-8.1 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest monoethanolamine supplier in Eastern Europe, comprising 80% of total exports. The second position in the ranking was taken by Poland ($X), with a 12% share of total exports.

In Russia, monoethanolamine exports increased at an average annual rate of +6.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+21.9% per year) and the Czech Republic (+68.9% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, picking up by 29% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.0%), while the other leaders experienced mixed trends in the export price figures.

Monoethanolamine Imports

Imports in Eastern Europe

In 2021, imports of monoethanolamine and its salts in Eastern Europe surged to X tons, picking up by 31% against 2020 figures. In general, imports posted a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 31% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

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

Imports by Country

In 2021, Poland (X tons) represented the key importer of monoethanolamine and its salts, achieving 40% of total imports. Ukraine (X tons) took the second position in the ranking, distantly followed by Hungary (X tons), the Czech Republic (X tons) and Belarus (X tons). All these countries together held near 42% share of total imports. The following importers - Russia (X tons) and Romania (X tons) - each finished at an 8.3% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to monoethanolamine imports into Poland stood at +13.2%. At the same time, Romania (+28.1%), Hungary (+15.6%), the Czech Republic (+10.6%), Ukraine (+9.5%), Russia (+9.1%) and Belarus (+7.5%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +28.1% from 2012-2021. From 2012 to 2021, the share of Romania, Hungary and Poland increased by +2.8, +2.2 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported monoethanolamine and its salts in Eastern Europe, comprising 39% of total imports. The second position in the ranking was held by Ukraine ($X), with a 19% share of total imports. It was followed by Hungary, with a 9% share.

From 2012 to 2021, the average annual growth rate of value in Poland totaled +13.7%. In the other countries, the average annual rates were as follows: Ukraine (+7.9% per year) and Hungary (+15.3% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, surging by 57% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Romania ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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