Portugal: Diethanolamine Market 2024

Diethanolamine Market Size in Portugal

The Portuguese diethanolamine market expanded remarkably to $X in 2021, with an increase of 5.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt downturn. Diethanolamine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Diethanolamine Exports

Exports from Portugal

In 2021, approx. X tons of diethanolamine and its salts were exported from Portugal; picking up by 58% compared with the previous year. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 1,033% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, diethanolamine exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a slight increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,672% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Cabo Verde (X tons) was the main destination for diethanolamine exports from Portugal, with a 53% share of total exports. Moreover, diethanolamine exports to Cabo Verde exceeded the volume sent to the second major destination, Spain (X tons), threefold. The third position in this ranking was held by Mozambique (X tons), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume to Cabo Verde amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+41.1% per year) and Mozambique (-4.4% per year).

In value terms, Cabo Verde ($X), Ghana ($X) and Mozambique ($X) appeared to be the largest markets for diethanolamine exported from Portugal worldwide, with a combined 93% share of total exports. These countries were followed by Spain, which accounted for a further 6.7%.

Spain, with a CAGR of +32.4%, recorded 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

The average diethanolamine export price stood at $X per ton in 2021, surging by 24% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, diethanolamine export price decreased by -18.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 56%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Spain ($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 Mozambique (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.

Diethanolamine Imports

Imports into Portugal

In 2021, imports of diethanolamine and its salts into Portugal dropped to X tons, with a decrease of -9.6% against the year before. In general, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 94%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, diethanolamine imports surged to $X in 2021. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 65% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), Spain (X tons) and France (X tons) were the main suppliers of diethanolamine imports to Portugal, together comprising 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +15.8%), while purchases for the other leaders experienced a decline.

In value terms, Belgium ($X) constituted the largest supplier of diethanolamine and its salts to Portugal, comprising 63% of total imports. The second position in the ranking was held by Spain ($X), with a 29% share of total imports. It was followed by France, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value from Belgium totaled +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-13.9% per year) and France (-15.7% per year).

Import Prices by Country

The average diethanolamine import price stood at $X per ton in 2021, picking up by 32% against the previous year. Overall, the import price, however, saw a slight shrinkage. The growth pace was the most rapid in 2017 when the average import price increased by 57%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+14.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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