Poland: Triethanolamine Market 2024

Triethanolamine Market Size in Poland

In 2021, the Polish triethanolamine market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, saw a perceptible contraction. 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 Poland

In value terms, triethanolamine production soared to $X in 2021 estimated in export price. In general, production, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 24% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Triethanolamine Exports

Exports from Poland

In 2019, overseas shipments of triethanolamine and its salts increased by 639% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

In value terms, triethanolamine exports surged to $X in 2019. In general, exports, however, showed a deep setback. The exports peaked at $X in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

Exports by Country

Lithuania (X tons) was the main destination for triethanolamine exports from Poland, with a 47% share of total exports. Moreover, triethanolamine exports to Lithuania exceeded the volume sent to the second major destination, Ukraine (X tons), threefold. The third position in this ranking was taken by Austria (X tons), with a 13% share.

From 2012 to 2019, the average annual growth rate of volume to Lithuania stood at +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+23.5% per year) and Austria (-20.2% per year).

In value terms, the largest markets for triethanolamine exported from Poland were Lithuania ($X), Ukraine ($X) and Austria ($X), with a combined 69% share of total exports. These countries were followed by Spain, the Czech Republic, Slovakia, Germany and Latvia, which together accounted for a further 28%.

Spain, with a CAGR of +21.3%, 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

In 2019, the average triethanolamine export price amounted to $X per ton, declining by -22.4% against the previous year. In general, the export price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 25%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2019, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Spain ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Triethanolamine Imports

Imports into Poland

For the sixth consecutive year, Poland recorded growth in purchases abroad of triethanolamine and its salts, which increased by 12% to X tons in 2019. Over the period under review, imports showed a strong increase. The pace of growth appeared the most rapid in 2015 when imports increased by 36% against the previous year. Imports peaked in 2019 and are likely to see gradual growth in the near future.

In value terms, triethanolamine imports rose significantly to $X in 2019. In general, total imports indicated a remarkable increase from 2012 to 2019: its value increased at an average annual rate of +9.1% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +98.0% against 2013 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 32%. Over the period under review, imports reached the maximum in 2019 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Russia (X tons) and the United States (X tons) were the main suppliers of triethanolamine imports to Poland, together accounting for 97% of total imports.

From 2012 to 2019, the biggest increases were recorded for Russia (with a CAGR of +39.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest triethanolamine suppliers to Poland were Germany ($X), Russia ($X) and the United States ($X), together accounting for 96% of total imports.

In terms of the main suppliers, Russia, with a CAGR of +36.3%, saw the highest rates of growth with regard to 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 2019, the average triethanolamine import price amounted to $X per ton, falling by -3.3% against the previous year. Overall, the import price showed a deep reduction. The growth pace was the most rapid in 2013 an increase of 6.4%. The import price peaked at $X per ton in 2014; however, from 2015 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Mexico (+11.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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