Malaysia: Monoethanolamine Market 2024

Monoethanolamine Market Size in Malaysia

The Malaysian monoethanolamine market declined dramatically to $X in 2021, dropping by -24.9% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted sharply in the following year.

Monoethanolamine Production in Malaysia

In value terms, monoethanolamine production dropped to $X in 2021 estimated in export price. In general, production saw a pronounced downturn. The pace of growth was the most pronounced in 2014 when the production volume increased by 28%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Monoethanolamine Exports

Exports from Malaysia

In 2021, approx. X tons of monoethanolamine and its salts were exported from Malaysia; which is down by -7.6% against the previous year. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 28%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then dropped in the following year.

In value terms, monoethanolamine exports skyrocketed to $X in 2021. Over the period under review, exports recorded a mild reduction. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), India (X tons) and Japan (X tons) were the main destinations of monoethanolamine exports from Malaysia, with a combined 76% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +39.2%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Japan ($X) constituted the largest markets for monoethanolamine exported from Malaysia worldwide, with a combined 74% share of total exports.

Among the main countries of destination, India, with a CAGR of +40.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average monoethanolamine export price amounted to $X per ton, surging by 45% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to China ($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 Australia (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Monoethanolamine Imports

Imports into Malaysia

In 2021, after three years of growth, there was significant decline in supplies from abroad of monoethanolamine and its salts, when their volume decreased by -29.9% to X tons. In general, imports recorded a mild decline. The growth pace was the most rapid in 2015 with an increase of 30%. Imports peaked at X tons in 2020, and then fell dramatically in the following year.

In value terms, monoethanolamine imports declined significantly to $X in 2021. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 17%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), India (X tons) and China (X tons) were the main suppliers of monoethanolamine imports to Malaysia, with a combined 69% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +37.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) constituted the largest supplier of monoethanolamine and its salts to Malaysia, comprising 34% of total imports. The second position in the ranking was taken by India ($X), with a 16% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Saudi Arabia totaled +34.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.0% per year) and China (-1.9% per year).

Import Prices by Country

In 2021, the average monoethanolamine import price amounted to $X per ton, rising by 19% against the previous year. Overall, the import price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2017 when the average import price increased by 23%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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