Malaysia: Triethanolamine Market 2024

Triethanolamine Market Size in Malaysia

The Malaysian triethanolamine market was estimated at $X in 2021, almost unchanged from the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Triethanolamine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Triethanolamine Production in Malaysia

In value terms, triethanolamine production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 14% against the previous year. Triethanolamine production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Triethanolamine Exports

Exports from Malaysia

In 2021, shipments abroad of triethanolamine and its salts decreased by -17.4% to X tons, falling for the fifth consecutive year after three years of growth. Over the period under review, exports faced a sharp downturn. The pace of growth was the most pronounced in 2014 with an increase of 7.9%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, triethanolamine exports reduced markedly to $X in 2021. In general, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 16% against the previous year. 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 triethanolamine exports from Malaysia, with a 48% share of total exports. Moreover, triethanolamine exports to China exceeded the volume sent to the second major destination, Japan (X tons), fourfold. India (X tons) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at -29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-28.9% per year) and India (-16.2% per year).

In value terms, China ($X) remains the key foreign market for triethanolamine and its salts exports from Malaysia, comprising 40% of total exports. The second position in the ranking was held by India ($X), with an 18% share of total exports. It was followed by Japan, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-11.5% per year) and Japan (-30.5% per year).

Export Prices by Country

The average triethanolamine export price stood at $X per ton in 2021, leveling off at the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 19% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to South Korea ($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 India (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Triethanolamine Imports

Imports into Malaysia

In 2021, purchases abroad of triethanolamine and its salts increased by 8% to X tons, rising for the fifth consecutive year after two years of decline. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 30% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, triethanolamine imports totaled $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 24% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of triethanolamine to Malaysia, accounting for a 59% share of total imports. Moreover, triethanolamine imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +41.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.3% per year) and Germany (+25.4% per year).

In value terms, the United States ($X) constituted the largest supplier of triethanolamine and its salts to Malaysia, comprising 59% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.2% per year) and France (+22.1% per year).

Import Prices by Country

In 2021, the average triethanolamine import price amounted to $X per ton, falling by -3.9% against the previous year. Overall, the import price continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2013 when the average import price increased by 0.2% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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