Philippines: Diethanolamine Market 2025

Diethanolamine Market Size in the Philippines

In 2021, the Philippine diethanolamine market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption saw a perceptible shrinkage. Diethanolamine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Diethanolamine Production in the Philippines

In value terms, diethanolamine production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep contraction. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Diethanolamine Exports

Exports from the Philippines

In 2021, approx. X tons of diethanolamine and its salts were exported from the Philippines; jumping by 20% compared with the year before. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 314% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, diethanolamine exports skyrocketed to $X in 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 337% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for diethanolamine exports from the Philippines, with a 95% share of total exports. Moreover, diethanolamine exports to Japan exceeded the volume sent to the second major destination, Thailand (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled +27.8%.

In value terms, Japan ($X) remains the key foreign market for diethanolamine and its salts exports from the Philippines, comprising 95% of total exports. The second position in the ranking was held by Thailand ($X), with a 4.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to +30.7%.

Export Prices by Country

In 2021, the average diethanolamine export price amounted to $X per ton, growing by 36% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Thailand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+6.8%).

Diethanolamine Imports

Imports into the Philippines

In 2021, imports of diethanolamine and its salts into the Philippines declined slightly to X tons, waning by -4.6% on 2020 figures. In general, imports, however, continue to indicate a temperate expansion. The pace of growth was the most pronounced in 2015 with an increase of 70% against the previous year. Imports peaked at X tons in 2020, and then reduced modestly in the following year.

In value terms, diethanolamine imports expanded remarkably to $X in 2021. Over the period under review, imports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 69%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Malaysia (X tons), Saudi Arabia (X tons) and Thailand (X tons) were the main suppliers of diethanolamine imports to the Philippines, together accounting for 98% of total imports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +28.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X), Saudi Arabia ($X) and Thailand ($X) appeared to be the largest diethanolamine suppliers to the Philippines, with a combined 98% share of total imports.

Saudi Arabia, with a CAGR of +30.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average diethanolamine import price stood at $X per ton in 2021, with an increase of 20% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 33% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Malaysia ($X per ton), while the price for Saudi Arabia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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