India: Diethanolamine Market 2024

Diethanolamine Market Size in India

In 2021, after three years of decline, there was significant growth in the Indian diethanolamine market, when its value increased by 79% to $X. Over the period under review, consumption showed a relatively flat trend pattern. Diethanolamine consumption peaked at $X in 2014; afterwards, it flattened through to 2021.

Diethanolamine Production in India

In value terms, diethanolamine production declined to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 25%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Diethanolamine Exports

Exports from India

In 2021, the amount of diethanolamine and its salts exported from India soared to X tons, increasing by 38% on the year before. In general, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 77% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, diethanolamine exports expanded markedly to $X in 2021. Overall, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 81% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Iran (X tons), Singapore (X tons) and Bahrain (X tons) were the main destinations of diethanolamine exports from India, together accounting for 45% of total exports. The Netherlands, South Korea, Turkey, Bangladesh, Saudi Arabia, Israel, Australia, the United States, Brazil and Oman lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +10.6%), while the other leaders experienced more modest paces of growth.

In value terms, Iran ($X) remains the key foreign market for diethanolamine and its salts exports from India, comprising 14% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 5% share of total exports. It was followed by the United States, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Iran amounted to +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+3.4% per year) and the United States (+19.3% per year).

Export Prices by Country

The average diethanolamine export price stood at $X per ton in 2021, declining by -18.2% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, diethanolamine export price increased by +44.3% against 2017 indices. The pace of growth appeared the most rapid in 2020 an increase of 75%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Diethanolamine Imports

Imports into India

In 2021, the amount of diethanolamine and its salts imported into India surged to X tons, jumping by 63% on the previous year's figure. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, diethanolamine imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia (X tons), Malaysia (X tons) and Belgium (X tons) were the main suppliers of diethanolamine imports to India, together accounting for 64% of total imports. Thailand, the United States, Germany and the Netherlands lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +46.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest diethanolamine suppliers to India were Saudi Arabia ($X), Malaysia ($X) and Belgium ($X), with a combined 64% share of total imports. These countries were followed by Thailand, the United States, Germany and the Netherlands, which together accounted for a further 28%.

Among the main suppliers, the Netherlands, with a CAGR of +47.3%, saw 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 average diethanolamine import price stood at $X per ton in 2021, with an increase of 43% against the previous year. Over the period under review, the import price, however, recorded a noticeable shrinkage. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and the Netherlands ($X per ton), while the price for Germany ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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