Europe: Triethanolamine Market 2024

Triethanolamine Market Size in Europe

After four years of growth, the Europe triethanolamine market decreased by -4.7% to $X in 2021. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Triethanolamine Production in Europe

In value terms, triethanolamine production contracted to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 19% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Triethanolamine Exports

Exports in Europe

In 2021, overseas shipments of triethanolamine and its salts decreased by -1.4% to X tons, falling for the eighth consecutive year after two years of growth. Over the period under review, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 17% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, triethanolamine exports reduced to $X in 2021. In general, exports faced a sharp curtailment. The growth pace was the most rapid in 2013 when exports increased by 21%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, France (X tons) was the key exporter of triethanolamine and its salts, mixing up 78% of total exports. It was distantly followed by Italy (X tons), comprising a 17% share of total exports. Switzerland (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to triethanolamine exports from France stood at -7.6%. At the same time, Italy (+8.9%) and Switzerland (+5.0%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in Europe, with a CAGR of +8.9% from 2012-2021. From 2012 to 2021, the share of France, Italy and Switzerland increased by +55, +16 and +3.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) remains the largest triethanolamine supplier in Europe, comprising 72% of total exports. The second position in the ranking was held by Italy ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in France stood at -13.9%. In the other countries, the average annual rates were as follows: Italy (+1.4% per year) and Switzerland (-12.4% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, which is down by -4.4% against the previous year. Overall, the export price recorded a deep slump. The pace of growth was the most pronounced in 2013 an increase of 3.7% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Italy ($X per ton), while Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-6.8%), while the other leaders experienced a decline in the export price figures.

Triethanolamine Imports

Imports in Europe

For the third year in a row, Europe recorded decline in purchases abroad of triethanolamine and its salts, which decreased by -0.7% to X tons in 2021. In general, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 20%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, triethanolamine imports dropped to $X in 2021. Overall, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 18% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of triethanolamine and its salts, namely France, Italy and the UK, represented more than two-thirds of total import. Belarus (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +8.1%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, France ($X), Italy ($X) and the UK ($X) constituted the countries with the highest levels of imports in 2021, together comprising 95% of total imports. Belarus lagged somewhat behind, comprising a further 2%.

Among the main importing countries, Belarus, with a CAGR of +0.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, declining by -4.8% against the previous year. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when the import price increased by 2.1%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Belarus ($X per ton) and France ($X per ton), while the UK ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-6.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform