EU: Monoethanolamine Market 2024

Monoethanolamine Market Size in the EU

The EU monoethanolamine market soared to $X in 2021, picking up by 33% against the previous year. The total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 increased by +79.8% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Monoethanolamine Production in the EU

In value terms, monoethanolamine production declined to $X in 2021 estimated in export price. The total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +75.7% against 2017 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 59%. Over the period under review, production attained the peak level at $X in 2020, and then reduced in the following year.

Monoethanolamine Exports

Exports in the EU

In 2021, the amount of monoethanolamine and its salts exported in the European Union reached X tons, increasing by 10% compared with 2020. In general, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 69% against the previous year. The volume of export peaked in 2021 and is 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 buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium represented the key exporter of monoethanolamine and its salts in the European Union, with the volume of exports finishing at X tons, which was near 58% of total exports in 2021. The Netherlands (X tons) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by France (10%) and Italy (5.6%). Sweden (X tons) and Spain (X tons) followed a long way behind the leaders.

Exports from Belgium increased at an average annual rate of +4.6% from 2012 to 2021. At the same time, Italy (+10.5%), Spain (+10.5%) and the Netherlands (+7.0%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +10.5% from 2012-2021. France experienced a relatively flat trend pattern. By contrast, Sweden (-6.7%) illustrated a downward trend over the same period. France (+10 p.p.) and Italy (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Belgium and Sweden saw its share reduced by -6.9% and -9.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest monoethanolamine supplier in the European Union, comprising 63% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 9.1% share.

In Belgium, monoethanolamine exports increased at an average annual rate of +7.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: France (0.0% per year) and the Netherlands (+0.7% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, with an increase of 66% against the previous year. Export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.2%), while the other leaders experienced more modest paces of growth.

Monoethanolamine Imports

Imports in the EU

In 2021, supplies from abroad of monoethanolamine and its salts increased by 2.5% to X tons, rising for the fifth consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 23%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, monoethanolamine imports skyrocketed to $X in 2021. Overall, imports enjoyed a notable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium represented the key importer of monoethanolamine and its salts in the European Union, with the volume of imports resulting at X tons, which was approx. 37% of total imports in 2021. France (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Germany (9.8%), Spain (8.5%), Italy (7.8%), the Netherlands (7.6%) and Poland (5.8%).

From 2012 to 2021, average annual rates of growth with regard to monoethanolamine imports into Belgium stood at +3.2%. At the same time, Poland (+13.2%), Spain (+4.0%) and Germany (+2.5%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the European Union, with a CAGR of +13.2% from 2012-2021. The Netherlands and Italy experienced a relatively flat trend pattern. By contrast, France (-1.4%) illustrated a downward trend over the same period. While the share of Poland (+3.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the Netherlands (-2 p.p.), Italy (-2.4 p.p.) and France (-5.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported monoethanolamine and its salts in the European Union, comprising 29% of total imports. The second position in the ranking was held by France ($X), with a 12% share of total imports. It was followed by Germany, with a 12% share.

In Belgium, monoethanolamine imports expanded at an average annual rate of +2.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: France (-2.1% per year) and Germany (+5.9% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, with an increase of 63% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :