Europe: Monoethanolamine Market 2024

Monoethanolamine Market Size in Europe

The Europe monoethanolamine market skyrocketed to $X in 2021, growing by 29% against the previous year. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Monoethanolamine Production in Europe

In value terms, monoethanolamine production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 41%. The level of production peaked at $X in 2020, and then dropped in the following year.

Monoethanolamine Exports

Exports in Europe

In 2021, the amount of monoethanolamine and its salts exported in Europe surged to X tons, jumping by 17% against 2020. Over the period under review, exports continue to indicate a strong increase. The growth pace was the most rapid in 2020 when exports increased by 58% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, monoethanolamine exports soared to $X in 2021. In general, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium was the main exporting country with an export of about X tons, which recorded 51% of total exports. The Netherlands (X tons) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by Russia (11%), France (9%) and Italy (5%). Sweden (X tons) and Spain (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to monoethanolamine exports from Belgium stood at +4.6%. At the same time, Italy (+10.5%), Spain (+10.5%), Russia (+7.7%) and the Netherlands (+7.0%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in Europe, 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. From 2012 to 2021, the share of France, Italy and Russia increased by +9, +1.5 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest monoethanolamine supplier in Europe, comprising 57% of total exports. The second position in the ranking was taken by France ($X), with a 10% share of total exports. It was followed by Russia, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value in Belgium totaled +7.5%. In the other countries, the average annual rates were as follows: France (0.0% per year) and Russia (+6.8% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, rising by 59% against the previous year. Overall, the export price recorded slight growth. As a result, the export 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 exporting countries. In 2021, 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 Europe

In 2021, purchases abroad of monoethanolamine and its salts increased by 4.2% to X tons, rising for the fifth year in a row after two years of decline. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 18%. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, monoethanolamine imports soared to $X in 2021. Total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.0% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons), distantly followed by the UK (X tons), France (X tons), Germany (X tons), Spain (X tons), Italy (X tons), the Netherlands (X tons) and Poland (X tons) were the largest importers of monoethanolamine and its salts, together comprising 85% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +13.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the UK ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 47% of total imports. These countries were followed by Germany, Spain, Italy, the Netherlands and Poland, which together accounted for a further 37%.

Among the main importing countries, Poland, with a CAGR of +13.7%, 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 import price in Europe stood at $X per ton in 2021, surging by 59% 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