Spain: Monoethanolamine Market 2024

Monoethanolamine Market Size in Spain

The Spanish monoethanolamine market skyrocketed to $X in 2021, picking up by 93% against the previous year. Over the period under review, consumption showed a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Monoethanolamine Production in Spain

In value terms, monoethanolamine production soared to $X in 2021 estimated in export price. In general, production recorded strong growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Monoethanolamine Exports

Exports from Spain

Monoethanolamine exports from Spain rose markedly to X tons in 2021, growing by 13% compared with the year before. Overall, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 70%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, monoethanolamine exports surged to $X in 2021. Over the period under review, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main destinations of monoethanolamine exports from Spain, together comprising 49% of total exports. Portugal, the Netherlands, Italy, Bulgaria, Algeria, Mexico, Morocco, the UK and Tunisia lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +158.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and France ($X) were the largest markets for monoethanolamine exported from Spain worldwide, together comprising 58% of total exports. These countries were followed by Portugal, Italy, the Netherlands, Algeria, Mexico, Bulgaria, Morocco, the UK and Tunisia, which together accounted for a further 34%.

Bulgaria, with a CAGR of +129.4%, saw the highest growth rate of the value of exports, in terms of 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

In 2021, the average monoethanolamine export price amounted to $X per ton, rising by 61% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Portugal ($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 Algeria (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Monoethanolamine Imports

Imports into Spain

In 2021, overseas purchases of monoethanolamine and its salts increased by 33% 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 +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, monoethanolamine imports skyrocketed to $X in 2021. Overall, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Belgium (X tons) and Sweden (X tons) were the main suppliers of monoethanolamine imports to Spain, with a combined 80% share of total imports. These countries were followed by France, the Netherlands, Italy and Mexico, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +23.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Sweden ($X) appeared to be the largest monoethanolamine suppliers to Spain, with a combined 81% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +20.0%, saw 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

In 2021, the average monoethanolamine import price amounted to $X per ton, increasing by 65% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, monoethanolamine import price increased by +60.5% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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