Hong Kong SAR, China: Triethanolamine Market 2024

Triethanolamine Market Size in Hong Kong SAR, China

After two years of decline, the Hong Kong triethanolamine market increased by 1.3% to $X in 2021. In general, consumption, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 5.8%. Triethanolamine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Triethanolamine Production in Hong Kong SAR, China

In value terms, triethanolamine production rose modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable downturn. The growth pace was the most rapid in 2018 when the production volume increased by 7.6% against the previous year. Triethanolamine production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Triethanolamine Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of triethanolamine and its salts increased by 20% to X tons, rising for the third consecutive year after two years of decline. In general, exports saw a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 1,166%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, triethanolamine exports reached $X in 2021. Over the period under review, exports saw a tangible increase. The most prominent rate of growth was recorded in 2015 when exports increased by 893% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for triethanolamine exports from Hong Kong SAR, with a 81% share of total exports. Moreover, triethanolamine exports to China exceeded the volume sent to the second major destination, the Philippines (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +27.8%.

In value terms, China ($X) remains the key foreign market for triethanolamine and its salts exports from Hong Kong SAR, comprising 78% of total exports. The second position in the ranking was held by the Philippines ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +8.6%.

Export Prices by Country

In 2021, the average triethanolamine export price amounted to $X per ton, declining by -6.6% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was the Philippines ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (-2.0%).

Triethanolamine Imports

Imports into Hong Kong SAR, China

In 2021, imports of triethanolamine and its salts into Hong Kong SAR rose sharply to X tons, growing by 13% on the previous year's figure. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 602%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, triethanolamine imports rose sharply to $X in 2021. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of 628%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of triethanolamine to Hong Kong SAR, with a 59% share of total imports. Moreover, triethanolamine imports from the United States exceeded the figures recorded by the second-largest supplier, Singapore (X tons), fourfold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +118.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+42.8% per year) and Taiwan (Chinese) (+65.4% per year).

In value terms, Japan ($X), the United States ($X) and Singapore ($X) appeared to be the largest triethanolamine suppliers to Hong Kong SAR, with a combined 82% share of total imports.

Among the main suppliers, the United States, with a CAGR of +87.2%, 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

In 2021, the average triethanolamine import price amounted to $X per ton, declining by -4.6% against the previous year. In general, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 15% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+33.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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