Netherlands: Monoethanolamine Market 2024

Monoethanolamine Market Size in the Netherlands

The Dutch monoethanolamine market surged to $X in 2021, picking up by 88% against the previous year. Overall, consumption recorded buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Monoethanolamine Production in the Netherlands

In value terms, monoethanolamine production stood at less than $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by 155% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Monoethanolamine Exports

Exports from the Netherlands

In 2021, approx. X tons of monoethanolamine and its salts were exported from the Netherlands; increasing by 181% on 2020 figures. Overall, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, monoethanolamine exports skyrocketed to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for monoethanolamine exports from the Netherlands, accounting for a 80% share of total exports. Moreover, monoethanolamine exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), tenfold. Spain (X tons) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-6.1% per year) and Spain (-4.0% per year).

In value terms, Belgium ($X) remains the key foreign market for monoethanolamine and its salts exports from the Netherlands, comprising 60% of total exports. The second position in the ranking was held by Germany ($X), with a 17% share of total exports. It was followed by France, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium totaled +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.9% per year) and France (-6.3% per year).

Export Prices by Country

The average monoethanolamine export price stood at $X per ton in 2021, dropping by -21.6% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2020 when the average export price increased by 15%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat 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 Austria ($X per ton), while the average price for exports to Belgium ($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 Austria (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Monoethanolamine Imports

Imports into the Netherlands

In 2021, purchases abroad of monoethanolamine and its salts decreased by -5.7% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 38% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, monoethanolamine imports soared to $X in 2021. Over the period under review, total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 44% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Belgium (X tons) and Russia (X tons) were the main suppliers of monoethanolamine imports to the Netherlands, together comprising 75% of total imports. The United States, the Czech Republic, France, Thailand and Sweden lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +150.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Russia ($X) appeared to be the largest monoethanolamine suppliers to the Netherlands, with a combined 77% share of total imports. The United States, the Czech Republic, Thailand, France and Sweden lagged somewhat behind, together accounting for a further 19%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +139.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average monoethanolamine import price amounted to $X per ton, with an increase of 50% against the previous year. Overall, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, monoethanolamine import price increased by +78.3% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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