Japan: Monoethanolamine Market 2024

Monoethanolamine Market Size in Japan

The Japanese monoethanolamine market was estimated at $X in 2021, increasing by 8.4% against the previous year. In general, consumption showed a prominent increase. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in years to come.

Monoethanolamine Production in Japan

In value terms, monoethanolamine production dropped to $X in 2021 estimated in export price. Overall, production, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2017 when the production volume increased by 95% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Monoethanolamine Exports

Exports from Japan

In 2021, shipments abroad of monoethanolamine and its salts increased by 41% to X tons, rising for the second year in a row after four years of decline. In general, exports, however, faced a abrupt curtailment. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, monoethanolamine exports surged to $X in 2021. Over the period under review, exports, however, saw a abrupt slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for monoethanolamine exports from Japan, with a 54% share of total exports. Moreover, monoethanolamine exports to China exceeded the volume sent to the second major destination, the Philippines (X tons), fourfold. The third position in this ranking was held by Vietnam (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-4.7% per year) and Vietnam (+65.6% per year).

In value terms, China ($X) remains the key foreign market for monoethanolamine and its salts exports from Japan, comprising 52% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 13% share of total exports. It was followed by Vietnam, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-3.5% per year) and Vietnam (+34.9% per year).

Export Prices by Country

In 2021, the average monoethanolamine export price amounted to $X per ton, almost unchanged from the previous year. In general, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, monoethanolamine export price decreased by -2.4% against 2018 indices. The growth pace was the most rapid in 2016 when the average export price increased by 25%. Over the period under review, the average export prices attained the maximum 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 Arab Emirates ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 (+39.8%), while the prices for the other major destinations experienced more modest paces of growth.

Monoethanolamine Imports

Imports into Japan

Monoethanolamine imports into Japan surged to X tons in 2021, rising by 42% on 2020 figures. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +9.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +34.4% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 74%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, monoethanolamine imports soared to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 72% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of monoethanolamine to Japan, with a 61% share of total imports. Moreover, monoethanolamine imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Malaysia (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia stood at +352.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.3% per year) and Malaysia (-0.6% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of monoethanolamine and its salts to Japan, comprising 59% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 17% share of total imports. It was followed by the United States, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia amounted to +316.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-4.9% per year) and the United States (-8.2% per year).

Import Prices by Country

In 2021, the average monoethanolamine import price amounted to $X per ton, surging by 16% against the previous year. Overall, the import price, however, saw a noticeable decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Thailand ($X per ton) and Malaysia ($X per ton), while the price for the United States ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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