Israel: Monoethanolamine Market 2024

Monoethanolamine Market Size in Israel

After two years of decline, the Israeli monoethanolamine market increased by 200% to $X in 2021. Overall, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Monoethanolamine consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Monoethanolamine Exports

Exports from Israel

After four years of growth, shipments abroad of monoethanolamine and its salts decreased by -79.5% to X tons in 2021. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 522% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted significantly in the following year.

In value terms, monoethanolamine exports shrank markedly to $X in 2021. In general, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 423% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for monoethanolamine exports from Israel, accounting for a 77% share of total exports. Moreover, monoethanolamine exports to Romania exceeded the volume sent to the second major destination, Palestine (X tons), sevenfold. The third position in this ranking was held by Germany (X kg), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (-10.6% per year) and Germany (-23.4% per year).

In value terms, Romania ($X) emerged as the key foreign market for monoethanolamine and its salts exports from Israel, comprising 79% of total exports. The second position in the ranking was taken by Palestine ($X), with a 10% share of total exports. It was followed by Germany, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (+66.6% per year) and Germany (+46.5% per year).

Export Prices by Country

The average monoethanolamine export price stood at $X per ton in 2021, picking up by 42% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decrease. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to India ($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 Germany (+90.9%), while the prices for the other major destinations experienced more modest paces of growth.

Monoethanolamine Imports

Imports into Israel

In 2021, overseas purchases of monoethanolamine and its salts increased by 93% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, monoethanolamine imports soared to $X in 2021. In general, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2016; afterwards, it flattened through to 2021.

Imports by Country

Taiwan (Chinese) (X tons), Thailand (X tons) and India (X tons) were the main suppliers of monoethanolamine imports to Israel, with a combined 54% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +35.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest monoethanolamine suppliers to Israel were Taiwan (Chinese) ($X), Thailand ($X) and India ($X), with a combined 56% share of total imports.

India, with a CAGR of +28.3%, recorded the highest rates of growth with regard to the value of imports, among 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, rising by 67% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached 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 France ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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