Latin America and the Caribbean: Diethanolamine Market 2024

Diethanolamine Market Size in Latin America and the Caribbean

In 2021, after eight years of decline, there was significant growth in the Latin American diethanolamine market, when its value increased by 12% to $X. In general, consumption, however, saw a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Diethanolamine Production in Latin America and the Caribbean

In value terms, diethanolamine production reduced to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt decline. The pace of growth was the most pronounced in 2020 when the production volume increased by 10% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Diethanolamine Exports

Exports in Latin America and the Caribbean

Diethanolamine exports reduced sharply to X tons in 2021, falling by -73.8% compared with the previous year's figure. Overall, exports recorded a precipitous setback. The pace of growth appeared the most rapid in 2018 with an increase of 1,606% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, diethanolamine exports shrank remarkably to $X in 2021. Over the period under review, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 993%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil dominates exports structure, reaching X tons, which was near 84% of total exports in 2021. It was distantly followed by Uruguay (X tons), achieving a 4.7% share of total exports. Colombia (X tons), Costa Rica (X tons), the Dominican Republic (X tons) and Guatemala (X tons) followed a long way behind the leaders.

Exports from Brazil decreased at an average annual rate of -23.1% from 2012 to 2021. At the same time, the Dominican Republic (+61.7%), Colombia (+25.9%), Costa Rica (+22.7%) and Guatemala (+18.7%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +61.7% from 2012-2021. By contrast, Uruguay (-2.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil, Uruguay, Colombia, Costa Rica, the Dominican Republic and Guatemala increased by +39, +4.4, +4.4, +2.5, +2.2 and +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest diethanolamine supplier in Latin America and the Caribbean, comprising 72% of total exports. The second position in the ranking was held by Uruguay ($X), with a 7.5% share of total exports. It was followed by Colombia, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to -24.3%. In the other countries, the average annual rates were as follows: Uruguay (-2.0% per year) and Colombia (+25.9% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, jumping by 111% against the previous year. In general, the export price saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+4.0%), while the other leaders experienced more modest paces of growth.

Diethanolamine Imports

Imports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded decline in overseas purchases of diethanolamine and its salts, which decreased by -0.4% to X tons in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 32%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, diethanolamine imports soared to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 29%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Brazil represented the major importer of diethanolamine and its salts in Latin America and the Caribbean, with the volume of imports recording X tons, which was near 39% of total imports in 2021. Colombia (X tons) held the second position in the ranking, followed by Argentina (X tons), Uruguay (X tons), Mexico (X tons) and Peru (X tons). All these countries together took approx. 48% share of total imports. The Dominican Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to diethanolamine imports into Brazil stood at +2.1%. At the same time, the Dominican Republic (+9.2%) and Colombia (+6.3%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +9.2% from 2012-2021. Peru experienced a relatively flat trend pattern. By contrast, Uruguay (-2.3%), Argentina (-2.9%) and Mexico (-3.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil, Colombia and the Dominican Republic increased by +6.4, +6.1 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported diethanolamine and its salts in Latin America and the Caribbean, comprising 35% of total imports. The second position in the ranking was held by Argentina ($X), with a 16% share of total imports. It was followed by Colombia, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in Brazil was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (-2.8% per year) and Colombia (+5.0% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, rising by 17% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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