Iran: Diethanolamine Market 2024

Diethanolamine Market Size in Iran

The Iranian diethanolamine market dropped markedly to $X in 2021, declining by -31.8% against the previous year. Overall, consumption recorded a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 9.3%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Diethanolamine Production in Iran

In value terms, diethanolamine production reduced to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by 31% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Diethanolamine Exports

Exports from Iran

In 2021, overseas shipments of diethanolamine and its salts increased by 74% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2020 with an increase of 285%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, diethanolamine exports surged to $X in 2021. Over the period under review, exports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 361%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Kuwait (X tons) and Turkey (X tons) were the main destinations of diethanolamine exports from Iran, together comprising 78% of total exports. These countries were followed by the United Arab Emirates, India, Iraq, Afghanistan and Turkmenistan, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +21.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and the United Arab Emirates ($X) were the largest markets for diethanolamine exported from Iran worldwide, together accounting for 77% of total exports. These countries were followed by Kuwait, India, Iraq, Afghanistan and Turkmenistan, which together accounted for a further 18%.

In terms of the main countries of destination, Iraq, with a CAGR of +21.6%, 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

In 2021, the average diethanolamine export price amounted to $X per ton, picking up by 2.5% against the previous year. Over the period under review, the export price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 36%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Afghanistan ($X per ton), while the average price for exports to Kuwait ($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 Afghanistan (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Diethanolamine Imports

Imports into Iran

Diethanolamine imports into Iran reached X tons in 2021, increasing by 13% on 2020. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 533%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, diethanolamine imports expanded markedly to $X in 2021. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 613% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

India (X tons), Russia (X tons) and Germany (X tons) were the main suppliers of diethanolamine imports to Iran, with a combined 100% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +47.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest diethanolamine suppliers to Iran were Russia ($X), India ($X) and Germany ($X), with a combined 99% share of total imports.

India, with a CAGR of +32.0%, recorded the highest rates of growth with regard to 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 diethanolamine import price amounted to $X per ton, approximately equating the previous year. In general, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 69%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained 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 Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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