Sweden: Triethanolamine Market 2024

Triethanolamine Market Size in Sweden

In 2021, the Swedish triethanolamine market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, recorded a pronounced curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Triethanolamine Production in Sweden

In value terms, triethanolamine production amounted to $X in 2021 estimated in export price. In general, production, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by 14% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Triethanolamine Exports

Exports from Sweden

In 2019, shipments abroad of triethanolamine and its salts increased by 8.6% to X tons, rising for the third consecutive year after two years of decline. In general, total exports indicated notable growth from 2012 to 2019: its volume increased at an average annual rate of +3.1% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +27.5% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of 39%. As a result, the exports reached the peak of X tons. From 2015 to 2019, the growth of the exports remained at a somewhat lower figure.

In value terms, triethanolamine exports expanded markedly to $X in 2019. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 38% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2019, the growth of the exports remained at a lower figure.

Exports by Country

Finland (X tons) was the main destination for triethanolamine exports from Sweden, accounting for a 87% share of total exports. Moreover, triethanolamine exports to Finland exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. Estonia (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2019, the average annual growth rate of volume to Finland amounted to +41.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.5% per year) and Estonia (+38.8% per year).

In value terms, Finland ($X), the United States ($X) and Estonia ($X) were the largest markets for triethanolamine exported from Sweden worldwide, together accounting for 96% of total exports.

Among the main countries of destination, Estonia, with a CAGR of +36.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average triethanolamine export price stood at $X per ton in 2019, therefore, remained relatively stable against the previous year. Overall, the export price showed a noticeable descent. The growth pace was the most rapid in 2013 an increase of 6.1%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2019, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was the United States ($X per ton), while the average price for exports to Latvia ($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 (+63.4%), while the prices for the other major destinations experienced more modest paces of growth.

Triethanolamine Imports

Imports into Sweden

For the third consecutive year, Sweden recorded decline in supplies from abroad of triethanolamine and its salts, which decreased by -7.7% to X tons in 2019. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 7.4%. Imports peaked at X tons in 2014; however, from 2015 to 2019, imports failed to regain momentum.

In value terms, triethanolamine imports reduced to $X in 2019. In general, imports saw a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 1%. Imports peaked at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), Denmark (X tons) and Germany (X tons) were the main suppliers of triethanolamine imports to Sweden, with a combined 96% share of total imports.

From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +7.1%), while imports for the other leaders experienced a decline.

In value terms, Belgium ($X), Denmark ($X) and Germany ($X) were the largest triethanolamine suppliers to Sweden, with a combined 91% share of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +2.4%, 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 a decline.

Import Prices by Country

In 2019, the average triethanolamine import price amounted to $X per ton, dropping by -3.3% against the previous year. Overall, the import price showed a deep downturn. The pace of growth was the most pronounced in 2018 when the average import price decreased by -3.3%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the UK (+10.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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