Russian Federation: Monoethanolamine Market 2024

Monoethanolamine Market Size in the Russian Federation

In 2021, the Russian monoethanolamine market decreased by -39.8% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption continues to indicate a pronounced curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Monoethanolamine Production in the Russian Federation

In value terms, monoethanolamine production expanded rapidly to $X in 2021 estimated in export price. In general, production recorded a noticeable curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by 19% 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.

Monoethanolamine Exports

Exports from the Russian Federation

In 2021, approx. X tons of monoethanolamine and its salts were exported from Russia; jumping by 150% on the previous year's figure. Overall, exports enjoyed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, monoethanolamine exports soared to $X in 2021. Over the period under review, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons) was the main destination for monoethanolamine exports from Russia, with a 43% share of total exports. Moreover, monoethanolamine exports to Poland exceeded the volume sent to the second major destination, Ukraine (X tons), twofold. Belarus (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Poland amounted to +18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+7.5% per year) and Belarus (+15.3% per year).

In value terms, Poland ($X), Ukraine ($X) and the Netherlands ($X) were the largest markets for monoethanolamine exported from Russia worldwide, together comprising 70% of total exports. Belarus, Switzerland, Uzbekistan, Brazil and Kazakhstan lagged somewhat behind, together comprising a further 25%.

Switzerland, with a CAGR of +46.1%, saw the highest growth rate of the value of exports, in terms of 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 monoethanolamine export price stood at $X per ton in 2021, growing by 20% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 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 Switzerland ($X per ton), while the average price for exports to Belarus ($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 Switzerland (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Monoethanolamine Imports

Imports into the Russian Federation

In 2021, supplies from abroad of monoethanolamine and its salts decreased by -24.2% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 when imports increased by 203%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, monoethanolamine imports reduced to $X in 2021. Over the period under review, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 228%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of monoethanolamine to Russia, with a 81% share of total imports. Moreover, monoethanolamine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +82.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.7% per year) and Saudi Arabia (+105.9% per year).

In value terms, China ($X) constituted the largest supplier of monoethanolamine and its salts to Russia, comprising 78% of total imports. The second position in the ranking was held by Germany ($X), with a 7% share of total imports. It was followed by Saudi Arabia, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +69.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.9% per year) and Saudi Arabia (+101.0% per year).

Import Prices by Country

In 2021, the average monoethanolamine import price amounted to $X per ton, surging by 15% against the previous year. In general, the import price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 41%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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