Sri Lanka: Monoethanolamine Market 2024

Monoethanolamine Market Size in Sri Lanka

The Sri Lankan monoethanolamine market reduced remarkably to $X in 2021, with a decrease of -36.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate resilient growth. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Monoethanolamine Exports

Exports from Sri Lanka

In 2021, approx. X tons of monoethanolamine and its salts were exported from Sri Lanka; which is down by -26.7% on the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 71% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, monoethanolamine exports shrank rapidly to $X in 2021. In general, total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -42.4% against 2019 indices. The growth pace was the most rapid in 2019 when exports increased by 63%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bangladesh (X tons) and Maldives (X kg) were the main destinations of monoethanolamine exports from Sri Lanka.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +0.3%).

In value terms, Maldives ($X) remains the key foreign market for monoethanolamine and its salts exports from Sri Lanka, comprising 92% of total exports. The second position in the ranking was taken by Bangladesh ($X), with an 8.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Maldives stood at +10.4%.

Export Prices by Country

In 2021, the average monoethanolamine export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2016 an increase of 21% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Bangladesh stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+11.3%).

Monoethanolamine Imports

Imports into Sri Lanka

In 2021, the amount of monoethanolamine and its salts imported into Sri Lanka plummeted to X tons, declining by -30.4% on 2020. In general, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 132% against the previous year. Imports peaked at X tons in 2020, and then fell markedly in the following year.

In value terms, monoethanolamine imports dropped significantly to $X in 2021. Overall, imports, however, saw temperate growth. The growth pace was the most rapid in 2020 when imports increased by 112%. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

Belgium (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main suppliers of monoethanolamine imports to Sri Lanka, together accounting for 59% of total imports. These countries were followed by Malaysia, India, the United States, the UK, Germany and South Korea, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +23.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and Saudi Arabia ($X) appeared to be the largest monoethanolamine suppliers to Sri Lanka, with a combined 58% share of total imports. These countries were followed by Malaysia, India, the UK, the United Arab Emirates, the United States and South Korea, which together accounted for a further 32%.

In terms of the main suppliers, India, with a CAGR of +17.4%, 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 average monoethanolamine import price stood at $X per ton in 2021, which is down by -22% against the previous year. Over the period under review, the import price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2016 an increase of 24% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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 Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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