Indonesia: Diethanolamine Market 2024

Diethanolamine Market Size in Indonesia

The Indonesian diethanolamine market soared to $X in 2021, growing by 62% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Diethanolamine Exports

Exports from Indonesia

In 2021, overseas shipments of diethanolamine and its salts increased by 46% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a sharp setback. The pace of growth was the most pronounced in 2017 with an increase of 4,204% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, diethanolamine exports soared to $X in 2021. Overall, exports, however, faced a significant decrease. The pace of growth appeared the most rapid in 2017 with an increase of 3,022%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X kg) was the main destination for diethanolamine exports from Indonesia, accounting for a 62% share of total exports. Moreover, diethanolamine exports to India exceeded the volume sent to the second major destination, Malaysia (X kg), twofold. The third position in this ranking was held by South Korea (X kg), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume to India stood at -14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-45.8% per year) and South Korea (+21.1% per year).

In value terms, the largest markets for diethanolamine exported from Indonesia were Malaysia ($X), South Korea ($X) and India ($X), together comprising 90% of total exports.

South Korea, with a CAGR of +35.7%, saw the highest growth rate of the value of exports, in terms of 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 diethanolamine export price stood at $X per ton in 2021, surging by 3.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 45%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to India ($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 (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Diethanolamine Imports

Imports into Indonesia

Diethanolamine imports into Indonesia soared to X tons in 2021, jumping by 49% compared with the year before. Overall, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, diethanolamine imports soared to $X in 2021. In general, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.2% 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.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of diethanolamine to Indonesia, with a 65% share of total imports. Moreover, diethanolamine imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fivefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia totaled +50.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-8.9% per year) and Taiwan (Chinese) (+12.6% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of diethanolamine and its salts to Indonesia, comprising 60% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 14% share of total imports. It was followed by Taiwan (Chinese), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Saudi Arabia totaled +43.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-8.6% per year) and Taiwan (Chinese) (+7.2% per year).

Import Prices by Country

The average diethanolamine import price stood at $X per ton in 2021, growing by 14% against the previous year. In general, the import price, however, showed a pronounced downturn. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($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 (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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