South Africa: Monoethanolamine Market 2024

Monoethanolamine Market Size in South Africa

The South African monoethanolamine market expanded rapidly to $X in 2021, picking up by 10% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Monoethanolamine Production in South Africa

In value terms, monoethanolamine production amounted to $X in 2021 estimated in export price. Overall, production, however, saw a pronounced contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by 16%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Monoethanolamine Exports

Exports from South Africa

Monoethanolamine exports from South Africa skyrocketed to X tons in 2021, rising by 59% against the previous year. Overall, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 111%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

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

Exports by Country

Botswana (X tons) was the main destination for monoethanolamine exports from South Africa, accounting for a 96% share of total exports. It was followed by Zambia (X tons), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Botswana stood at +19.6%.

In value terms, Botswana ($X) remains the key foreign market for monoethanolamine and its salts exports from South Africa, comprising 96% of total exports. The second position in the ranking was held by Zambia ($X), with a 2.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Botswana totaled +18.8%.

Export Prices by Country

The average monoethanolamine export price stood at $X per ton in 2021, increasing by 58% against the previous year. Overall, the export price, however, saw a slight decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Botswana amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (-0.7%), while the prices for the other major destinations experienced a decline.

Monoethanolamine Imports

Imports into South Africa

In 2021, monoethanolamine imports into South Africa soared to X tons, rising by 24% compared with 2020 figures. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.3% against 2015 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 33% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, monoethanolamine imports skyrocketed to $X in 2021. In general, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of monoethanolamine to South Africa, accounting for a 44% share of total imports. Moreover, monoethanolamine imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia stood at +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+48.0% per year) and Thailand (+14.6% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of monoethanolamine and its salts to South Africa, comprising 36% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Saudi Arabia amounted to +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+41.7% per year) and Taiwan (Chinese) (+1.6% per year).

Import Prices by Country

In 2021, the average monoethanolamine 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 slight decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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