Russian Federation: Diethanolamine Market 2024

Diethanolamine Market Size in the Russian Federation

In 2021, the Russian diethanolamine market was finally on the rise to reach $X after eight years of decline. In general, consumption, however, showed a abrupt slump. Diethanolamine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Diethanolamine Production in the Russian Federation

In value terms, diethanolamine production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 10%. Diethanolamine production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Diethanolamine Exports

Exports from the Russian Federation

In 2021, after four years of growth, there was significant decline in overseas shipments of diethanolamine and its salts, when their volume decreased by -24.9% to X tons. Over the period under review, exports, however, saw a mild increase. The growth pace was the most rapid in 2015 when exports increased by 167%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, diethanolamine exports declined to $X in 2021. Overall, exports recorded a slight reduction. The pace of growth appeared the most rapid in 2015 with an increase of 113%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil (X tons), Peru (X tons) and Kazakhstan (X tons) were the main destinations of diethanolamine exports from Russia, with a combined 50% share of total exports. These countries were followed by Uzbekistan, China, Belarus, Colombia, Ukraine, Argentina, Poland, Serbia and Mongolia, which together accounted for a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +52.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diethanolamine exported from Russia were Brazil ($X), Peru ($X) and Kazakhstan ($X), together comprising 52% of total exports. These countries were followed by Uzbekistan, Belarus, Ukraine, Argentina, China, Colombia, Poland, Serbia and Mongolia, which together accounted for a further 44%.

Among the main countries of destination, Belarus, with a CAGR of +44.8%, recorded the highest rates of growth with regard to 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 average diethanolamine export price stood at $X per ton in 2021, surging by 27% against the previous year. Overall, the export price, however, showed a pronounced decrease. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to China ($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 Argentina (-0.5%), while the prices for the other major destinations experienced a decline.

Diethanolamine Imports

Imports into the Russian Federation

Diethanolamine imports into Russia declined remarkably to X tons in 2021, waning by -66.6% against 2020. In general, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 504%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, diethanolamine imports contracted notably to $X in 2021. Overall, imports, however, enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2020 with an increase of 331%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and Saudi Arabia (X tons) were the main suppliers of diethanolamine imports to Russia, with a combined 84% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +29.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Saudi Arabia ($X) appeared to be the largest diethanolamine suppliers to Russia, together comprising 79% of total imports.

In terms of the main suppliers, China, with a CAGR of +37.8%, 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 2021, the average diethanolamine import price amounted to $X per ton, growing by 60% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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