Kuwait: Monoethanolamine Market 2025

Monoethanolamine Market Size in Kuwait

The Kuwaiti monoethanolamine market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption continues to indicate a abrupt decrease. Monoethanolamine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Monoethanolamine Exports

Exports from Kuwait

In 2021, the amount of monoethanolamine and its salts exported from Kuwait skyrocketed to X tons, with an increase of 239% on 2020 figures. Over the period under review, exports, however, showed a abrupt curtailment. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, monoethanolamine exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 240%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Oman (X tons) was the main destination for monoethanolamine exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Oman amounted to -7.5%.

In value terms, Oman ($X) also remains the key foreign market for monoethanolamine and its salts exports from Kuwait.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman was relatively modest.

Export Prices by Country

The average monoethanolamine export price stood at $X per ton in 2021, dropping by -29% against the previous year. Over the period under review, the export price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 an increase of 53% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2012 to 2021, the rate of growth in terms of prices for Oman amounted to +7.4% per year.

Monoethanolamine Imports

Imports into Kuwait

In 2021, purchases abroad of monoethanolamine and its salts decreased by -0.6% to X tons, falling for the third consecutive year after three years of growth. Overall, imports saw a abrupt downturn. The growth pace was the most rapid in 2016 when imports increased by 41% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, monoethanolamine imports skyrocketed to $X in 2021. Over the period under review, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of 37%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest monoethanolamine supplier to Kuwait, accounting for a 56% share of total imports. Moreover, monoethanolamine imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.3% per year) and Germany (+24.9% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of monoethanolamine and its salts to Kuwait, comprising 51% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 18% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-4.2% per year) and India (+11.7% per year).

Import Prices by Country

The average monoethanolamine import price stood at $X per ton in 2021, rising by 17% against the previous year. In general, the import price recorded 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 failed to regain momentum.

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 India ($X per ton), while the price for Russia ($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 (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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