Iran: Triethanolamine Market 2024

Triethanolamine Market Size in Iran

In 2021, the Iranian triethanolamine market was finally on the rise to reach $X after seven years of decline. Over the period under review, consumption, however, showed a pronounced decline. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Triethanolamine Production in Iran

In value terms, triethanolamine production amounted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by 7.6%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Triethanolamine Exports

Exports from Iran

In 2021, the amount of triethanolamine and its salts exported from Iran declined slightly to X tons, waning by -2.3% against 2020. Over the period under review, exports showed a abrupt decline. The growth pace was the most rapid in 2015 with an increase of 17% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, triethanolamine exports declined to $X in 2021. Overall, exports recorded a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of 9%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons), China (X tons) and Syrian Arab Republic (X tons) were the main destinations of triethanolamine exports from Iran, together accounting for 82% of total exports. These countries were followed by Turkey, Pakistan, Jordan and the United Arab Emirates, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Jordan (with a CAGR of +14.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the key foreign market for triethanolamine and its salts exports from Iran, comprising 60% of total exports. The second position in the ranking was taken by China ($X), with a 20% share of total exports. It was followed by Turkey, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-20.5% per year) and Turkey (-20.4% per year).

Export Prices by Country

In 2021, the average triethanolamine export price amounted to $X per ton, declining by -3.3% against the previous year. Over the period under review, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 1.8%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to Syrian Arab Republic ($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 Jordan (-4.4%), while the prices for the other major destinations experienced a decline.

Triethanolamine Imports

Imports into Iran

In 2021, overseas purchases of triethanolamine and its salts decreased by -4% to X tons, falling for the fifth year in a row after five years of growth. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 266% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, triethanolamine imports surged to $X in 2021. Overall, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 97%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main triethanolamine supplier to Iran, accounting for a 96% share of total imports. It was followed by Germany (X tons), with a 2.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.6% per year) and India (-11.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of triethanolamine and its salts to Iran, comprising 95% of total imports. The second position in the ranking was taken by India ($X), with a 3.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +33.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.3% per year) and Germany (-11.2% per year).

Import Prices by Country

In 2021, the average triethanolamine import price amounted to $X per ton, increasing by 22% against the previous year. Overall, the import price saw measured growth. The most prominent rate of growth was recorded in 2013 an increase of 25%. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 India (+15.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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