Report Update Nov 1, 2024

Philippines - Diethanolamine and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Diethanolamine Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for diethanolamine and its salts in the world?

China remains the largest diethanolamine consuming country worldwide, comprising approx. 29% of total volume. Moreover, diethanolamine consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by Taiwan Chinese), with a 7.5% share.

What are the largest producers of diethanolamine and its salts in the world?

Saudi Arabia remains the largest diethanolamine producing country worldwide, comprising approx. 39% of total volume. Moreover, diethanolamine production in Saudi Arabia exceeded the figures recorded by the second-largest producer, Belgium, threefold. The third position in this ranking was occupied by Malaysia, with a 10% share.

What are the leading suppliers of diethanolamine and its salts to the Philippines?

In value terms, Malaysia, Thailand and Belgium constituted the largest diethanolamine suppliers to the Philippines, with a combined 80% share of total imports. Taiwan Chinese), the United States, Saudi Arabia and South Korea lagged somewhat behind, together comprising a further 14%.

What are the leading importers of diethanolamine and its salts from the Philippines?

In value terms, Japan remains the key foreign market for diethanolamine exports from the Philippines, comprising 93% of total exports. The second position in the ranking was occupied by Thailand, with a 4.8% share of total exports.

What is the average export price for diethanolamine and its salts in the Philippines?

In 2021, the average diethanolamine export price amounted to $1,737 per ton, with an increase of 36% against the previous year.

What is the average import price for diethanolamine and its salts in the Philippines?

The average diethanolamine import price stood at $1,186 per ton in 2021, growing by 14% against the previous year.

This report provides an in-depth analysis of the diethanolamine market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20144235 - Diethanolamine and its salts

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023