Ireland: Triethanolamine Market 2024

Triethanolamine Market Size in Ireland

In 2021, the Irish triethanolamine market decreased by 0% to less than $X, falling for the second year in a row after three years of growth. In general, consumption faced a deep slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Triethanolamine Exports

Exports from Ireland

In 2019, the amount of triethanolamine and its salts exported from Ireland dropped to X tons, with a decrease of -5.4% compared with the year before. Overall, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 555%. As a result, the exports reached the peak of X tons. From 2015 to 2019, the growth of the exports remained at a somewhat lower figure.

In value terms, triethanolamine exports fell slightly to $X in 2019. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 627% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2019, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for triethanolamine exports from Ireland, with a 84% share of total exports. Moreover, triethanolamine exports to Russia exceeded the volume sent to the second major destination, the Netherlands (X kg), ninefold. The UK (X kg) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2019, the average annual rate of growth in terms of volume to Russia stood at +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+30.7% per year) and the UK (-11.4% per year).

In value terms, Russia ($X) remains the key foreign market for triethanolamine and its salts exports from Ireland, comprising 82% of total exports. The second position in the ranking was taken by the UK ($X), with a 9.6% share of total exports. It was followed by South Korea, with a 6.8% share.

From 2012 to 2019, the average annual growth rate of value to Russia amounted to +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+5.1% per year) and South Korea (-13.6% per year).

Export Prices by Country

The average triethanolamine export price stood at $X per ton in 2019, with an increase of 3.4% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2019: its price increased at an average annual rate of +4.5% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, triethanolamine export price decreased by -7.2% against 2015 indices. The growth pace was the most rapid in 2015 when the average export price increased by 78% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2019, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Triethanolamine Imports

Imports into Ireland

In 2019, triethanolamine imports into Ireland dropped slightly to X tons, remaining stable against the previous year's figure. Overall, imports faced a abrupt slump. The pace of growth was the most pronounced in 2014 when imports increased by 96%. As a result, imports attained the peak of X tons. From 2015 to 2019, the growth of imports remained at a lower figure.

In value terms, triethanolamine imports dropped rapidly to $X in 2019. Over the period under review, imports saw a precipitous contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 56%. As a result, imports reached the peak of $X. From 2015 to 2019, the growth of imports remained at a somewhat lower figure.

Imports by Country

The UK (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of triethanolamine imports to Ireland, together comprising 93% of total imports.

From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of -7.8%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X), the UK ($X) and Belgium ($X) were the largest triethanolamine suppliers to Ireland, with a combined 81% share of total imports.

Belgium, with a CAGR of -17.1%, 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 a decline.

Import Prices by Country

The average triethanolamine import price stood at $X per ton in 2019, reducing by -17.2% against the previous year. Overall, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 26%. The import price peaked at $X per ton in 2012; however, from 2013 to 2019, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the United States (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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