India: Monoethanolamine Market 2024

Monoethanolamine Market Size in India

The Indian monoethanolamine market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Monoethanolamine consumption peaked in 2021 and is likely to see steady growth in years to come.

Monoethanolamine Production in India

In value terms, monoethanolamine production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by 16% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Monoethanolamine Exports

Exports from India

In 2021, overseas shipments of monoethanolamine and its salts increased by 42% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports saw a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 400% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, monoethanolamine exports rose rapidly to $X in 2021. Over the period under review, exports saw resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 359% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Turkey (X tons) and Georgia (X tons) were the main destinations of monoethanolamine exports from India, with a combined 39% share of total exports. China, South Korea, the United Arab Emirates, Hungary, Venezuela, Japan, the UK, Malaysia, Australia and Iran lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +67.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for monoethanolamine exported from India were the United States ($X), the UK ($X) and Japan ($X), with a combined 36% share of total exports. These countries were followed by China, South Korea, Hungary, Venezuela, Turkey, Georgia, the United Arab Emirates, Iran, Australia and Malaysia, which together accounted for a further 38%.

In terms of the main countries of destination, South Korea, with a CAGR of +40.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average monoethanolamine export price stood at $X per ton in 2021, with a decrease of -23.1% against the previous year. Overall, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 52% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Malaysia ($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 the UK (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Monoethanolamine Imports

Imports into India

For the tenth year in a row, India recorded growth in purchases abroad of monoethanolamine and its salts, which increased by 16% to X tons in 2021. In general, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 69% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, monoethanolamine imports soared to $X in 2021. Overall, imports continue to indicate a buoyant expansion. 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 Thailand (X tons) were the main suppliers of monoethanolamine imports to India, with a combined 68% share of total imports. China, the United Arab Emirates, the United States and Belgium lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +51.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest monoethanolamine suppliers to India were China ($X), Malaysia ($X) and Saudi Arabia ($X), with a combined 62% share of total imports. These countries were followed by Thailand, the United Arab Emirates, the United States and Belgium, which together accounted for a further 30%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +46.1%, 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

In 2021, the average monoethanolamine import price amounted to $X per ton, jumping by 55% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 56%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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