Germany: Triethanolamine Market 2024

Triethanolamine Market Size in Germany

After four years of growth, the German triethanolamine market decreased by -10.6% to $X in 2021. Overall, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +57.9% against 2016 indices. Triethanolamine consumption peaked at $X in 2020, and then fell in the following year.

Triethanolamine Production in Germany

In value terms, triethanolamine production declined to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a notable increase. The growth pace was the most rapid in 2019 when the production volume increased by 45%. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Triethanolamine Exports

Exports from Germany

In 2019, overseas shipments of triethanolamine and its salts decreased by -83.8% to X tons, falling for the fourth year in a row after four years of growth. In general, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2013 with an increase of 42%. The exports peaked at X tons in 2015; however, from 2016 to 2019, the exports stood at a somewhat lower figure.

In value terms, triethanolamine exports declined dramatically to $X in 2019. Overall, exports saw a dramatic setback. The pace of growth was the most pronounced in 2013 with an increase of 39% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2019, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Belgium (X tons) and France (X tons) were the main destinations of triethanolamine exports from Germany, together comprising 60% of total exports. The UK, Vietnam, China, Poland, the Netherlands, Turkey, Italy and the United States lagged somewhat behind, together comprising a further 29%.

From 2012 to 2019, the biggest increases were recorded for Vietnam (with a CAGR of -33.1%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for triethanolamine exported from Germany were Spain ($X), Belgium ($X) and France ($X), together accounting for 48% of total exports. These countries were followed by Poland, the UK, Vietnam, China, the Netherlands, Turkey, Italy and the United States, which together accounted for a further 31%.

Vietnam, with a CAGR of -25.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average triethanolamine export price stood at $X per ton in 2019, jumping by 69% against the previous year. In general, the export price posted a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Poland ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Triethanolamine Imports

Imports into Germany

In 2019, the amount of triethanolamine and its salts imported into Germany contracted to X tons, waning by -2.4% compared with the previous year. Overall, imports showed a slight downturn. The growth pace was the most rapid in 2014 when imports increased by 28% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2019, imports remained at a lower figure.

In value terms, triethanolamine imports declined to $X in 2019. In general, imports recorded a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of 31%. As a result, imports attained the peak of $X. From 2015 to 2019, the growth of imports remained at a lower figure.

Imports by Country

In 2019, Belgium (X tons) constituted the largest triethanolamine supplier to Germany, with a 60% share of total imports. Moreover, triethanolamine imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. The third position in this ranking was taken by the Netherlands (X tons), with a 7.8% share.

From 2012 to 2019, the average annual growth rate of volume from Belgium stood at -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-2.1% per year) and the Netherlands (-1.9% per year).

In value terms, Belgium ($X) constituted the largest supplier of triethanolamine and its salts to Germany, comprising 56% of total imports. The second position in the ranking was held by France ($X), with a 12% share of total imports. It was followed by the United States, with a 9.4% share.

From 2012 to 2019, the average annual growth rate of value from Belgium totaled -9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-6.0% per year) and the United States (+15.8% per year).

Import Prices by Country

In 2019, the average triethanolamine import price amounted to $X per ton, falling by -4% against the previous year. Overall, the import price showed a deep slump. The pace of growth was the most pronounced in 2013 an increase of 3.3%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Russia (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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