South Africa: Diethanolamine Market 2024

Diethanolamine Market Size in South Africa

In 2021, after four years of decline, there was significant growth in the South African diethanolamine market, when its value increased by 24% to $X. In general, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Diethanolamine Exports

Exports from South Africa

In 2021, shipments abroad of diethanolamine and its salts decreased by -24.8% to X tons, falling for the third year in a row after three years of growth. In general, exports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2014 with an increase of 146%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, diethanolamine exports contracted rapidly to $X in 2021. Over the period under review, exports, however, saw moderate growth. The most prominent rate of growth was recorded in 2014 when exports increased by 217% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Kenya (X tons), Botswana (X tons) and Zambia (X tons) were the main destinations of diethanolamine exports from South Africa, with a combined 66% share of total exports. Zimbabwe, Malawi, Mozambique and Namibia lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Mozambique (with a CAGR of +24.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diethanolamine exported from South Africa were Kenya ($X), Botswana ($X) and Zambia ($X), with a combined 61% share of total exports. Zimbabwe, Malawi, Mozambique and Namibia lagged somewhat behind, together accounting for a further 33%.

In terms of the main countries of destination, Mozambique, with a CAGR of +25.8%, 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, rising by 8.1% against the previous year. In general, the export price, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2014 an increase of 29% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average 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 Mozambique ($X per ton), while the average price for exports to Namibia ($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 the United Arab Emirates (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Diethanolamine Imports

Imports into South Africa

In 2021, the amount of diethanolamine and its salts imported into South Africa dropped to X tons, with a decrease of -2.2% compared with the previous year's figure. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +3.4% against 2019 indices. The growth pace was the most rapid in 2015 when imports increased by 49% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, diethanolamine imports skyrocketed to $X in 2021. Overall, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 44% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of diethanolamine imports to South Africa, with a combined 96% 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 Saudi Arabia (with a CAGR of +27.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Belgium ($X) and the Netherlands ($X) appeared to be the largest diethanolamine suppliers to South Africa, with a combined 94% share of total imports.

Saudi Arabia, with a CAGR of +24.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average diethanolamine import price stood at $X per ton in 2021, increasing by 40% against the previous year. In general, the import price, however, saw a noticeable decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 ($X per ton), while the price for Belgium ($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 (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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