Puerto Rico: Diethanolamine Market 2024

Diethanolamine Market Size in Puerto Rico

The Puerto Rican diethanolamine market totaled less than $X in 2021, stabilizing at 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 showed a relatively flat trend pattern.

Diethanolamine Exports

Exports from Puerto Rico

In 2021, the amount of diethanolamine and its salts exported from Puerto Rico totaled less than X kg, remaining stable against 2020 figures. Overall, exports recorded a relatively flat trend pattern.

In value terms, diethanolamine exports totaled less than $X in 2021. Over the period under review, exports showed a relatively flat trend pattern.

Exports by Country

Saudi Arabia represented the largest exporting country with an export of around X tons, which recorded 44% of total exports. Belgium (X tons) took the second position in the ranking, distantly followed by Malaysia (X tons), Sweden (X tons) and France (X tons). All these countries together held near 40% share of total exports. The United States (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) followed a long way behind the leaders.

Saudi Arabia was also the fastest-growing in terms of the diethanolamine and its salts exports, with a CAGR of +11.1% from 2012 to 2021. At the same time, Taiwan (Chinese) (+10.3%) and Belgium (+4.5%) displayed positive paces of growth. Malaysia, France and Sweden experienced a relatively flat trend pattern. By contrast, the United States (-8.3%) and Thailand (-10.6%) illustrated a downward trend over the same period. Saudi Arabia (+21 p.p.), France (+4.6 p.p.) and Belgium (+1.8 p.p.) significantly strengthened its position in terms of the global exports, while Sweden, Malaysia, Thailand and the United States saw its share reduced by -2.2%, -2.4%, -5.1% and -8.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), Belgium ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2021, with a combined 71% share of total exports. These countries were followed by Sweden, the United States, France and Taiwan (Chinese), which together accounted for a further 20%.

In terms of the main exporting countries, Taiwan (Chinese), with a CAGR of +7.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, standing approx. at the previous year. Over the period under review, the export price saw a relatively flat trend pattern.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in the United States ($X per ton) and France ($X per ton), while Saudi Arabia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.9%), while the other leaders experienced a decline in the export price figures.

Diethanolamine Imports

Imports into Puerto Rico

In 2021, approx. less than X kg of diethanolamine and its salts were imported into Puerto Rico; leveling off at 2020. Over the period under review, imports recorded a relatively flat trend pattern.

In value terms, diethanolamine imports amounted to less than $X in 2021. In general, imports showed a relatively flat trend pattern.

Imports by Country

China was the key importer of diethanolamine and its salts in the world, with the volume of imports amounting to X tons, which was approx. 33% of total imports in 2021. It was distantly followed by the United States (X tons), Belgium (X tons) and India (X tons), together making up a 30% share of total imports. Thailand (X tons), Singapore (X tons), Italy (X tons), the United Arab Emirates (X tons), Turkey (X tons), Spain (X tons) and Germany (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +8.4% from 2012 to 2021. At the same time, the United Arab Emirates (+39.4%), Thailand (+31.2%), Singapore (+14.2%), Turkey (+11.1%), India (+7.7%), Belgium (+5.4%), the United States (+3.6%) and Spain (+2.4%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the world, with a CAGR of +39.4% from 2012-2021. By contrast, Italy (-1.2%) and Germany (-4.2%) illustrated a downward trend over the same period. China (+8.1 p.p.), Thailand (+3.5 p.p.) and the United Arab Emirates (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while Italy, the United States and Germany saw its share reduced by -1.6%, -2.1% and -2.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest diethanolamine importing markets into Puerto Rico were China ($X), the United States ($X) and India ($X), together accounting for 54% of total imports. These countries were followed by Belgium, Italy, Turkey, Singapore, the United Arab Emirates, Germany and Spain, which together accounted for a further 20%.

Among the main importing countries, the United Arab Emirates, with a CAGR of +34.5%, 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 import price in Puerto Rico amounted to less than $X per ton, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :