South-Eastern Asia: Triethanolamine Market 2024

Triethanolamine Market Size in South-Eastern Asia

After four years of growth, the Southeast Asian triethanolamine market decreased by -1.1% to $X in 2021. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Triethanolamine Production in South-Eastern Asia

In value terms, triethanolamine production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 14%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Triethanolamine Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of triethanolamine and its salts decreased by -15.9% to X tons, falling for the fifth year in a row after three years of growth. In general, exports faced a dramatic curtailment. The growth pace was the most rapid in 2016 when exports increased by 4.8%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, triethanolamine exports plummeted to $X in 2021. Over the period under review, exports showed a precipitous decline. The pace of growth appeared the most rapid in 2014 when exports increased by 9.5%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia was the largest exporter of triethanolamine and its salts in South-Eastern Asia, with the volume of exports finishing at X tons, which was approx. 86% of total exports in 2021. It was distantly followed by Singapore (X tons), creating a 14% share of total exports.

Exports from Malaysia decreased at an average annual rate of -29.4% from 2012 to 2021. Singapore (-13.1%) illustrated a downward trend over the same period. While the share of Malaysia (+16 p.p.) and Singapore (+12 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest triethanolamine supplier in South-Eastern Asia, comprising 86% of total exports. The second position in the ranking was taken by Singapore ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Malaysia amounted to -29.4%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, remaining constant against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 24% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per ton), while Malaysia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+0.0%).

Triethanolamine Imports

Imports in South-Eastern Asia

Triethanolamine imports amounted to X tons in 2021, increasing by 2.9% compared with the year before. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of 36% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, triethanolamine imports stood at $X in 2021. The total import value increased at an average annual rate of +5.7% 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 when imports increased by 23% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

The Philippines (X tons) and Singapore (X tons) were the main importers of triethanolamine and its salts in 2021, recording near 37% and 36% of total imports, respectively. It was distantly followed by Vietnam (X tons), achieving a 21% share of total imports. The following importers - Malaysia (X tons) and Indonesia (X tons) - each accounted for a 6% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +24.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest triethanolamine importing markets in South-Eastern Asia were the Philippines ($X), Singapore ($X) and Vietnam ($X), together comprising 94% of total imports.

Among the main importing countries, the Philippines, with a CAGR of +20.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, with an increase of 3.5% against the previous year. In general, the import price, however, showed a perceptible shrinkage. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Vietnam ($X per ton) and Indonesia ($X per ton), while Singapore ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-3.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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