EU: Diethanolamine Market 2024

Diethanolamine Market Size in the EU

The EU diethanolamine market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, showed a perceptible setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Diethanolamine Production in the EU

In value terms, diethanolamine production contracted to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible descent. The growth pace was the most rapid in 2020 when the production volume increased by 34%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Diethanolamine Exports

Exports in the EU

Diethanolamine exports amounted to X tons in 2021, remaining relatively unchanged against the previous year's figure. Total exports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +51.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 50%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, diethanolamine exports surged to $X in 2021. Total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +62.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 40% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Belgium (X tons) represented the largest exporter of diethanolamine and its salts, constituting 66% of total exports. It was distantly followed by Sweden (X tons) and France (X tons), together creating a 32% share of total exports.

Belgium was also the fastest-growing in terms of the diethanolamine and its salts exports, with a CAGR of +4.5% from 2012 to 2021. France and Sweden experienced a relatively flat trend pattern. While the share of France (+14 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belgium (-1.8 p.p.) and Sweden (-9.9 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest diethanolamine supplier in the European Union, comprising 65% of total exports. The second position in the ranking was held by Sweden ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Belgium stood at +1.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (-1.8% per year) and France (0.0% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, growing by 18% against the previous year. Over the period under review, the export price, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2018 when the export price increased by 19%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-1.7%).

Diethanolamine Imports

Imports in the EU

In 2021, the amount of diethanolamine and its salts imported in the European Union fell slightly to X tons, approximately equating 2020 figures. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 25%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, diethanolamine imports surged to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 35%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) was the main importer of diethanolamine and its salts, generating 42% of total imports. Italy (X tons) took the second position in the ranking, followed by Spain (X tons), Germany (X tons), the Netherlands (X tons) and Poland (X tons). All these countries together took near 43% share of total imports. The following importers - France (X tons), the Czech Republic (X tons) and Romania (X tons) - each resulted at an 8.3% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to diethanolamine imports into Belgium stood at +5.4%. At the same time, the Czech Republic (+22.5%), Romania (+5.4%) and Spain (+2.4%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the European Union, with a CAGR of +22.5% from 2012-2021. Poland experienced a relatively flat trend pattern. By contrast, Italy (-1.2%), the Netherlands (-3.0%), Germany (-4.2%) and France (-6.2%) illustrated a downward trend over the same period. Belgium (+13 p.p.) and the Czech Republic (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while France, the Netherlands, Italy and Germany saw its share reduced by -2.7%, -2.8%, -2.9% and -5.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported diethanolamine and its salts in the European Union, comprising 39% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by Germany, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Belgium stood at +4.1%. In the other countries, the average annual rates were as follows: Italy (-2.0% per year) and Germany (-4.5% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, rising by 19% against the previous year. Over the period under review, the import price, however, recorded a slight contraction. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Romania ($X per ton) and France ($X per ton), while Belgium ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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