Latin America and the Caribbean: Triethanolamine Market 2024

Triethanolamine Market Size in Latin America and the Caribbean

After two years of decline, the Latin American triethanolamine market increased by 1.5% to $X in 2021. Over the period under review, consumption, however, showed a slight decrease. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Triethanolamine Production in Latin America and the Caribbean

In value terms, triethanolamine production rose to $X in 2021 estimated in export price. In general, production, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2013 when the production volume increased by 16% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Triethanolamine Exports

Exports in Latin America and the Caribbean

Triethanolamine exports expanded slightly to X tons in 2021, growing by 4.7% on the previous year. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 8.5% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the near future.

In value terms, triethanolamine exports expanded to $X in 2021. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 5.3% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Mexico dominates exports structure, accounting for X tons, which was approx. 97% of total exports in 2021. Brazil (X tons) took a relatively small share of total exports.

Mexico was also the fastest-growing in terms of the triethanolamine and its salts exports, with a CAGR of +6.9% from 2012 to 2021. Brazil (-24.3%) illustrated a downward trend over the same period. Mexico (+37 p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -37.2% from 2012 to 2021, respectively.

In value terms, Mexico ($X) remains the largest triethanolamine supplier in Latin America and the Caribbean, comprising 97% of total exports. The second position in the ranking was held by Brazil ($X), with a 2.8% share of total exports.

In Mexico, triethanolamine exports expanded at an average annual rate of +6.2% over the period from 2012-2021.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 3.6%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Mexico ($X per ton), while Brazil totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-0.4%).

Triethanolamine Imports

Imports in Latin America and the Caribbean

In 2021, the amount of triethanolamine and its salts imported in Latin America and the Caribbean reached X tons, with an increase of 8.8% on 2020 figures. In general, imports saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, triethanolamine imports stood at $X in 2021. Over the period under review, imports, however, saw a slight contraction. The pace of growth was the most pronounced in 2018 with an increase of 22% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Mexico (X tons) represented the key importer of triethanolamine and its salts, constituting 40% of total imports. Argentina (X tons) ranks second in terms of the total imports with an 11% share, followed by Chile (11%), Peru (8.5%), Colombia (8.2%), Brazil (7.7%) and Panama (5.1%).

From 2012 to 2021, average annual rates of growth with regard to triethanolamine imports into Mexico stood at -2.9%. At the same time, Brazil (+15.1%), Panama (+10.3%), Peru (+7.3%) and Chile (+5.5%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +15.1% from 2012-2021. Colombia experienced a relatively flat trend pattern. By contrast, Argentina (-2.1%) illustrated a downward trend over the same period. Brazil (+5.5 p.p.), Chile (+4 p.p.), Peru (+4 p.p.) and Panama (+3 p.p.) significantly strengthened its position in terms of the total imports, while Argentina and Mexico saw its share reduced by -2.5% and -12.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported triethanolamine and its salts in Latin America and the Caribbean, comprising 44% of total imports. The second position in the ranking was held by Argentina ($X), with an 11% share of total imports. It was followed by Brazil, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico amounted to -2.0%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (-4.6% per year) and Brazil (+16.2% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, stabilizing at the previous year. Overall, the import price showed a slight shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 15%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :