Indonesia: Monoethanolamine Market 2025

Monoethanolamine Market Size in Indonesia

The Indonesian monoethanolamine market skyrocketed to $X in 2021, rising by 36% 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). Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +89.4% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Monoethanolamine Exports

Exports from Indonesia

After seven years of decline, overseas shipments of monoethanolamine and its salts increased by 1,364% to X tons in 2021. Over the period under review, exports, however, showed a abrupt decrease. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, monoethanolamine exports skyrocketed to $X in 2021. In general, exports, however, recorded a deep contraction. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for monoethanolamine exports from Indonesia, with a 60% share of total exports. Moreover, monoethanolamine exports to Singapore exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), twofold. The third position in this ranking was taken by Timor-Leste (X kg), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore totaled -13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (0.0% per year) and Timor-Leste (-1.3% per year).

In value terms, the largest markets for monoethanolamine exported from Indonesia were Singapore ($X), Brunei Darussalam ($X) and Timor-Leste ($X), together accounting for 95% of total exports.

Among the main countries of destination, Timor-Leste, with a CAGR of +204.8%, 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, standing approx. at the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2016 when the average export price increased by 18%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Timor-Leste ($X per ton), while the average price for exports to Singapore ($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 Timor-Leste (+208.8%), while the prices for the other major destinations experienced more modest paces of growth.

Monoethanolamine Imports

Imports into Indonesia

In 2021, overseas purchases of monoethanolamine and its salts increased by 17% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +96.0% against 2017 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 35%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, monoethanolamine imports soared to $X in 2021. In general, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. 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.

Imports by Country

Malaysia (X tons), Saudi Arabia (X tons) and Thailand (X tons) were the main suppliers of monoethanolamine imports to Indonesia, together comprising 79% of total imports. Germany, India, Singapore and the United States lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +46.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest monoethanolamine suppliers to Indonesia were Malaysia ($X), Saudi Arabia ($X) and Thailand ($X), with a combined 73% share of total imports. India, Germany, Singapore and the United States lagged somewhat behind, together comprising a further 21%.

India, with a CAGR of +42.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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, surging by 28% against the previous year. Over the period under review, the import price, however, recorded a perceptible decline. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat 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 India ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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