MERCOSUR: Monoethanolamine Market 2024

Monoethanolamine Market Size in MERCOSUR

In 2021, the MERCOSUR monoethanolamine market decreased by -16.8% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption continues to indicate a perceptible descent. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Monoethanolamine Production in MERCOSUR

In value terms, monoethanolamine production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 37%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Monoethanolamine Exports

Exports in MERCOSUR

In 2021, overseas shipments of monoethanolamine and its salts increased by 1,785% to X tons, rising for the second consecutive year after three years of decline. Overall, exports continue to indicate strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, monoethanolamine exports surged to $X in 2021. Over the period under review, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Brazil (X tons) represented the major exporter of monoethanolamine and its salts in MERCOSUR, creating 98% of total export.

Brazil was also the fastest-growing in terms of the monoethanolamine and its salts exports, with a CAGR of +15.1% from 2012 to 2021. While the share of Brazil (+2.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest monoethanolamine supplier in MERCOSUR.

In Brazil, monoethanolamine exports expanded at an average annual rate of +14.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, which is down by -7.7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 51% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to -0.3% per year.

Monoethanolamine Imports

Imports in MERCOSUR

In 2021, supplies from abroad of monoethanolamine and its salts decreased by -10.7% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a mild decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 25% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, monoethanolamine imports rose notably to $X in 2021. In general, imports showed a noticeable reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 12%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brazil represented the key importer of monoethanolamine and its salts in MERCOSUR, with the volume of imports recording X tons, which was approx. 59% of total imports in 2021. Argentina (X tons) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (7.8%). The following importers - Chile (X tons), Peru (X tons) and Venezuela (X tons) - together made up 7.8% of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of monoethanolamine and its salts. At the same time, Chile (+4.7%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +4.7% from 2012-2021. Colombia and Peru experienced a relatively flat trend pattern. By contrast, Argentina (-1.8%) and Venezuela (-22.5%) illustrated a downward trend over the same period. Brazil (+9.1 p.p.) and Colombia (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Venezuela saw its share reduced by -13.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported monoethanolamine and its salts in MERCOSUR, comprising 50% of total imports. The second position in the ranking was taken by Argentina ($X), with a 24% share of total imports. It was followed by Colombia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil totaled -2.0%. In the other countries, the average annual rates were as follows: Argentina (-1.2% per year) and Colombia (+0.8% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, with an increase of 20% against the previous year. In general, the import price, however, showed a mild shrinkage. Over the period under review, import prices reached the maximum at $X per ton in 2015; however, from 2016 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 Venezuela ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Venezuela (+8.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform