Russian Federation: Triethanolamine Market 2024

Triethanolamine Market Size in the Russian Federation

The Russian triethanolamine market fell to $X in 2021, waning by -8.3% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank in the following year.

Triethanolamine Production in the Russian Federation

In value terms, triethanolamine production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 29% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

Triethanolamine Exports

Exports from the Russian Federation

For the third year in a row, Russia recorded growth in overseas shipments of triethanolamine and its salts, which increased by 2.5% to X tons in 2019. Over the period under review, exports, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2015 with an increase of 56% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2019, the exports stood at a somewhat lower figure.

In value terms, triethanolamine exports shrank modestly to $X in 2019. In general, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2013 when exports increased by 32%. As a result, the exports reached the peak of $X. From 2014 to 2019, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tons), France (X tons) and Turkey (X tons) were the main destinations of triethanolamine exports from Russia, together accounting for 69% of total exports. Poland, Italy, Belarus, Nigeria, Germany and Ukraine lagged somewhat behind, together comprising a further 24%.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of +169.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for triethanolamine exported from Russia were Belgium ($X), France ($X) and Poland ($X), together comprising 67% of total exports. Turkey, Belarus, Italy, Nigeria, Germany and Ukraine lagged somewhat behind, together comprising a further 25%.

Nigeria, with a CAGR of +148.9%, saw the highest growth rate of 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 triethanolamine export price stood at $X per ton in 2019, declining by -3% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 13%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2019, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Turkey ($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 Poland (+2.9%), while the prices for the other major destinations experienced a decline.

Triethanolamine Imports

Imports into the Russian Federation

Triethanolamine imports into Russia dropped to X tons in 2019, waning by -7.2% compared with 2018. Over the period under review, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 188%. Imports peaked at X tons in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

In value terms, triethanolamine imports reduced to $X in 2019. Overall, imports saw a dramatic decrease. The growth pace was the most rapid in 2014 with an increase of 2.9%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2019, imports failed to regain momentum.

Imports by Country

Germany (X tons), Belgium (X tons) and Ireland (X tons) were the main suppliers of triethanolamine imports to Russia, with a combined 90% share of total imports. Spain lagged somewhat behind, comprising a further 8.3%.

From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +84.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of triethanolamine and its salts to Russia, comprising 55% of total imports. The second position in the ranking was held by Ireland ($X), with a 23% share of total imports. It was followed by Belgium, with a 14% share.

From 2012 to 2019, the average annual rate of growth in terms of value from Germany stood at -26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+5.0% per year) and Belgium (+17.8% per year).

Import Prices by Country

The average triethanolamine import price stood at $X per ton in 2019, approximately mirroring the previous year. In general, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2016 an increase of 140%. As a result, import price attained the peak level of $X per ton. From 2017 to 2019, the average import prices failed to regain momentum.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Germany (-5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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