Spain: Triethanolamine Market 2024

Triethanolamine Market Size in Spain

In 2021, after seven years of decline, there was significant growth in the Spanish triethanolamine market, when its value increased by 5% to $X. Overall, consumption, however, recorded a perceptible decrease. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Triethanolamine Production in Spain

In value terms, triethanolamine production totaled $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2013 with an increase of 14%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Triethanolamine Exports

Exports from Spain

Triethanolamine exports from Spain rose sharply to X tons in 2019, surging by 14% on the previous year's figure. Over the period under review, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 23%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

In value terms, triethanolamine exports stood at $X in 2019. In general, exports, however, faced a abrupt descent. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for triethanolamine exports from Spain, accounting for a 65% share of total exports. Moreover, triethanolamine exports to France exceeded the volume sent to the second major destination, Belgium (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a 6.3% share.

From 2012 to 2019, the average annual growth rate of volume to France totaled -11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+23.4% per year) and Germany (+14.9% per year).

In value terms, France ($X) remains the key foreign market for triethanolamine and its salts exports from Spain, comprising 53% of total exports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total exports. It was followed by Germany, with a 6.3% share.

From 2012 to 2019, the average annual growth rate of value to France amounted to -18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+15.3% per year) and Germany (+7.7% per year).

Export Prices by Country

In 2019, the average triethanolamine export price amounted to $X per ton, falling by -4.6% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 an increase of 4.1% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2019, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Italy ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+10.8%), while the prices for the other major destinations experienced a decline.

Triethanolamine Imports

Imports into Spain

In 2019, the amount of triethanolamine and its salts imported into Spain fell notably to X tons, reducing by -44.1% on the year before. Overall, imports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 227% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2019, imports remained at a lower figure.

In value terms, triethanolamine imports declined rapidly to $X in 2019. Over the period under review, imports showed a dramatic decline. The most prominent rate of growth was recorded in 2018 when imports increased by 263% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Germany (X tons) and France (X tons) were the main suppliers of triethanolamine imports to Spain, together comprising 88% of total imports. Belgium, Taiwan (Chinese) and Russia lagged somewhat behind, together comprising a further 11%.

From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of -6.6%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X), Germany ($X) and France ($X) were the largest triethanolamine suppliers to Spain, with a combined 83% share of total imports. These countries were followed by Taiwan (Chinese), Belgium and Russia, which together accounted for a further 16%.

Taiwan (Chinese), with a CAGR of -4.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2019, the average triethanolamine import price amounted to $X per ton, reducing by -4.8% against the previous year. Overall, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2019, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :