Egypt: Diethanolamine Market 2024

Diethanolamine Market Size in Egypt

For the ninth consecutive year, the Egyptian diethanolamine market recorded decline in sales value, which decreased by -13.3% to $X in 2021. In general, consumption faced a abrupt setback. The pace of growth appeared the most rapid in 2018 when the market value decreased by -1.3% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Diethanolamine Production in Egypt

In value terms, diethanolamine production dropped to $X in 2021 estimated in export price. In general, production showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 28%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Diethanolamine Exports

Exports from Egypt

In 2021, exports of diethanolamine and its salts from Egypt skyrocketed to X tons, surging by 29% compared with 2020. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2014 when exports increased by 441% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, diethanolamine exports surged to $X in 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 523% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Tunisia (X tons), the Dominican Republic (X tons) and Turkey (X tons) were the main destinations of diethanolamine exports from Egypt, with a combined 97% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Tunisia (with a CAGR of +44.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diethanolamine exported from Egypt were the Dominican Republic ($X), Tunisia ($X) and Turkey ($X), together accounting for 98% of total exports.

The Dominican Republic, with a CAGR of +44.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average diethanolamine export price amounted to $X per ton, with a decrease of -3.7% against the previous year. In general, the export price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2017 an increase of 26% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Morocco ($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 Bulgaria (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Diethanolamine Imports

Imports into Egypt

In 2021, purchases abroad of diethanolamine and its salts decreased by -18.1% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 240%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, diethanolamine imports dropped to $X in 2021. Over the period under review, imports continue to indicate a mild decline. The growth pace was the most rapid in 2014 with an increase of 327% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of diethanolamine to Egypt, accounting for a 34% share of total imports. Moreover, diethanolamine imports from the United States exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+6.3% per year) and Taiwan (Chinese) (+26.4% per year).

In value terms, the largest diethanolamine suppliers to Egypt were the United States ($X), Cyprus ($X) and Saudi Arabia ($X), together comprising 57% of total imports. These countries were followed by Taiwan (Chinese), China, Malaysia, Turkey, Switzerland, the Netherlands, the United Arab Emirates, South Korea, India and Germany, which together accounted for a further 42%.

Among the main suppliers, China, with a CAGR of +57.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average diethanolamine import price stood at $X per ton in 2021, surging by 7% against the previous year. Over the period under review, the import price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2014 an increase of 31%. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cyprus ($X per ton), while the price for Germany ($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 Netherlands (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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