South-Eastern Asia: Monoethanolamine Market 2024

Monoethanolamine Market Size in South-Eastern Asia

The Southeast Asian monoethanolamine market reduced rapidly to $X in 2021, which is down by -31.4% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted sharply in the following year.

Monoethanolamine Production in South-Eastern Asia

In value terms, monoethanolamine production stood at $X in 2021 estimated in export price. Overall, production recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 8.3% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Monoethanolamine Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of monoethanolamine and its salts was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, continue to indicate a slight curtailment. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, monoethanolamine exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a deep contraction. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia was the key exporter of monoethanolamine and its salts in South-Eastern Asia, with the volume of exports accounting for X tons, which was near 59% of total exports in 2021. Thailand (X tons) held the second position in the ranking, distantly followed by Singapore (X tons). All these countries together took approx. 41% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +1.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Malaysia ($X) remains the largest monoethanolamine supplier in South-Eastern Asia, comprising 90% of total exports. The second position in the ranking was held by Singapore ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Malaysia was relatively modest.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, falling by -7.9% against the previous year. In general, the export price showed a abrupt setback. The growth pace was the most rapid in 2017 when the export price increased by 7.4%. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-2.1%), while the other leaders experienced a decline in the export price figures.

Monoethanolamine Imports

Imports in South-Eastern Asia

In 2021, overseas purchases of monoethanolamine and its salts increased by 13% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume 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 throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 23%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, monoethanolamine imports soared to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Singapore (X tons), distantly followed by Indonesia (X tons), Vietnam (X tons), Malaysia (X tons) and the Philippines (X tons) represented the largest importers of monoethanolamine and its salts, together committing 99% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +13.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported monoethanolamine and its salts in South-Eastern Asia, comprising 53% of total imports. The second position in the ranking was held by Indonesia ($X), with a 19% share of total imports. It was followed by Vietnam, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Singapore amounted to +2.0%. In the other countries, the average annual rates were as follows: Indonesia (+3.9% per year) and Vietnam (+15.2% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, surging by 17% against the previous year. In general, the import price, however, saw a noticeable curtailment. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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