Mexico: Monoethanolamine Market 2024

Monoethanolamine Market Size in Mexico

The Mexican monoethanolamine market declined to $X in 2021, which is down by -14.1% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Monoethanolamine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Monoethanolamine Production in Mexico

In value terms, monoethanolamine production totaled $X in 2021 estimated in export price. In general, production, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 7.9% against the previous year. Monoethanolamine production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Monoethanolamine Exports

Exports from Mexico

In 2021, shipments abroad of monoethanolamine and its salts was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, showed a abrupt contraction. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, monoethanolamine exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Germany (X tons) and China (X tons) were the main destinations of monoethanolamine exports from Mexico, together comprising 32% of total exports. Poland, the Czech Republic, the UK, Austria, Canada, Spain, Argentina, Belgium, the Netherlands and Colombia lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +80.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Poland ($X) appeared to be the largest markets for monoethanolamine exported from Mexico worldwide, together accounting for 21% of total exports. These countries were followed by China, the Czech Republic, the UK, Austria, Spain, the Netherlands, Argentina, Colombia, Canada and Belgium, which together accounted for a further 23%.

The UK, with a CAGR of +118.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average monoethanolamine export price stood at $X per ton in 2021, increasing by 62% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Belgium ($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 the UK (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Monoethanolamine Imports

Imports into Mexico

In 2021, the amount of monoethanolamine and its salts imported into Mexico soared to X tons, growing by 51% on the previous year. In general, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, monoethanolamine imports soared to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest monoethanolamine supplier to Mexico, with a 83% share of total imports. Moreover, monoethanolamine imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by China (X tons), with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+92.8% per year) and China (+18.6% per year).

In value terms, the United States ($X) constituted the largest supplier of monoethanolamine and its salts to Mexico, comprising 66% of total imports. The second position in the ranking was held by Germany ($X), with a 3.9% share of total imports. It was followed by China, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+49.4% per year) and China (+22.9% per year).

Import Prices by Country

In 2021, the average monoethanolamine import price amounted to $X per ton, rising by 1.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 7.5% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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