India: Triethanolamine Market 2024

Triethanolamine Market Size in India

The Indian triethanolamine market expanded sharply to $X in 2021, growing by 10% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Triethanolamine Production in India

In value terms, triethanolamine production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 29%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Triethanolamine Exports

Exports from India

In 2021, approx. X tons of triethanolamine and its salts were exported from India; dropping by -86% on 2020 figures. Overall, exports recorded a significant decrease. The pace of growth was the most pronounced in 2018 when exports increased by 93%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, triethanolamine exports reduced rapidly to $X in 2021. In general, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 163% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons) was the main destination for triethanolamine exports from India, with a 36% share of total exports. Moreover, triethanolamine exports to Vietnam exceeded the volume sent to the second major destination, Sri Lanka (X tons), fourfold. The third position in this ranking was held by Bangladesh (X tons), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam amounted to -18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (-6.2% per year) and Bangladesh (-9.8% per year).

In value terms, Vietnam ($X) remains the key foreign market for triethanolamine and its salts exports from India, comprising 26% of total exports. The second position in the ranking was held by Sri Lanka ($X), with an 8.9% share of total exports. It was followed by South Africa, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam amounted to -19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (-9.4% per year) and South Africa (-25.7% per year).

Export Prices by Country

In 2021, the average triethanolamine export price amounted to $X per ton, with a decrease of -21.8% against the previous year. Overall, the export price showed a perceptible setback. The most prominent rate of growth was recorded in 2018 an increase of 37% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Morocco ($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 Thailand (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Triethanolamine Imports

Imports into India

In 2021, purchases abroad of triethanolamine and its salts increased by 0.5% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, recorded a perceptible setback. The growth pace was the most rapid in 2013 when imports increased by 62%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, triethanolamine imports amounted to $X in 2021. Overall, imports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 52% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), Thailand (X tons) and Saudi Arabia (X tons) were the main suppliers of triethanolamine imports to India, with a combined 62% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +6.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest triethanolamine suppliers to India were Malaysia ($X), the United Arab Emirates ($X) and Thailand ($X), together comprising 58% of total imports.

The United Arab Emirates, with a CAGR of +0.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average triethanolamine import price amounted to $X per ton, stabilizing at the previous year. In general, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 1.2% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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