Mexico: Triethanolamine Market 2024

Triethanolamine Market Size in Mexico

In 2021, after two years of decline, there was growth in the Mexican triethanolamine market, when its value increased by 0.8% to $X. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Triethanolamine Production in Mexico

In value terms, triethanolamine production amounted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 7.2%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Triethanolamine Exports

Exports from Mexico

For the tenth consecutive year, Mexico recorded growth in overseas shipments of triethanolamine and its salts, which increased by 5.4% to X tons in 2021. In general, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +82.7% against 2012 indices. The pace of growth appeared the most rapid in 2013 with an increase of 15%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, triethanolamine exports rose significantly to $X in 2021. Overall, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.0% against 2012 indices. The growth pace was the most rapid in 2013 with an increase of 10% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

Italy (X tons), China (X tons) and Argentina (X tons) were the main destinations of triethanolamine exports from Mexico, with a combined 64% share of total exports. South Korea, France, Costa Rica, Colombia, Brazil, Belgium, Chile, Israel and Peru lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +38.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Argentina ($X) and China ($X) constituted the largest markets for triethanolamine exported from Mexico worldwide, together accounting for 60% of total exports. South Korea, Costa Rica, France, Peru, Brazil, Israel, Chile, Colombia and Belgium lagged somewhat behind, together comprising a further 27%.

In terms of the main countries of destination, Costa Rica, with a CAGR of +38.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average triethanolamine export price stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 0.1% against the previous year. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: the country with the highest price was Peru ($X per ton), while the average price for exports to South Korea ($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 Peru (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Triethanolamine Imports

Imports into Mexico

In 2021, imports of triethanolamine and its salts into Mexico surged to X tons, rising by 17% compared with 2020 figures. Overall, imports, however, showed a pronounced descent. The growth pace was the most rapid in 2014 when imports increased by 25%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, triethanolamine imports soared to $X in 2021. In general, imports, however, continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 47%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main supplier of triethanolamine to Mexico, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -2.9%.

In value terms, the United States ($X) constituted the largest supplier of triethanolamine and its salts to Mexico.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -2.1%.

Import Prices by Country

The average triethanolamine import price stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +0.8% per year.

Source: IndexBox Platform

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