Japan: Diethanolamine Market 2024

Diethanolamine Market Size in Japan

In 2021, the Japanese diethanolamine market increased by 23% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a deep reduction. Diethanolamine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Diethanolamine Production in Japan

In value terms, diethanolamine production shrank to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 90% against the previous year. Diethanolamine production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Diethanolamine Exports

Exports from Japan

In 2021, diethanolamine exports from Japan shrank significantly to X tons, with a decrease of -45.5% on the year before. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 423% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, diethanolamine exports dropped to $X in 2021. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by 226% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for diethanolamine exports from Japan, with a 72% share of total exports. Moreover, diethanolamine exports to China exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), eightfold. Malaysia (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled -14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+105.9% per year) and Malaysia (-4.1% per year).

In value terms, China ($X) remains the key foreign market for diethanolamine and its salts exports from Japan, comprising 54% of total exports. The second position in the ranking was held by the United States ($X), with a 19% share of total exports. It was followed by Taiwan (Chinese), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to -14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+35.0% per year) and Taiwan (Chinese) (+21.5% per year).

Export Prices by Country

In 2021, the average diethanolamine export price amounted to $X per ton, with an increase of 68% against the previous year. In general, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($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 South Korea (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Diethanolamine Imports

Imports into Japan

After two years of decline, purchases abroad of diethanolamine and its salts increased by 9.8% to X tons in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 42%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, diethanolamine imports surged to $X in 2021. In general, imports, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2018 with an increase of 49% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest diethanolamine supplier to Japan, with a 69% share of total imports. Moreover, diethanolamine imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), sixfold. Thailand (X tons) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia amounted to +72.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-13.2% per year) and Thailand (+10.1% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of diethanolamine and its salts to Japan, comprising 65% of total imports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total imports. It was followed by Thailand, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia stood at +75.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-16.5% per year) and Thailand (+6.7% per year).

Import Prices by Country

In 2021, the average diethanolamine import price amounted to $X per ton, with an increase of 12% against the previous year. In general, the import price, however, showed a perceptible descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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