Switzerland: Triethanolamine Market 2024

Triethanolamine Market Size in Switzerland

The Swiss triethanolamine market reduced rapidly to $X in 2021, which is down by -19.9% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell markedly in the following year.

Triethanolamine Production in Switzerland

In value terms, triethanolamine production fell remarkably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2020 with an increase of 63% against the previous year. As a result, production reached the peak level of $X, and then dropped significantly in the following year.

Triethanolamine Exports

Exports from Switzerland

In 2021, overseas shipments of triethanolamine and its salts increased by 10% to X tons, rising for the fifth consecutive year after two years of decline. Overall, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +65.4% against 2016 indices. The pace of growth was the most pronounced in 2014 when exports increased by 14%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, triethanolamine exports fell to $X in 2021. In general, exports, however, recorded a deep setback. The smallest decline of -2.1% was in 2014. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for triethanolamine exports from Switzerland, with a 31% share of total exports. Moreover, triethanolamine exports to China exceeded the volume sent to the second major destination, Austria (X tons), threefold. Germany (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+20.5% per year) and Germany (+1.2% per year).

In value terms, the largest markets for triethanolamine exported from Switzerland were China ($X), Austria ($X) and Germany ($X), with a combined 48% share of total exports. These countries were followed by Luxembourg, Mauritius, Spain, the UK, Singapore, France, South Korea, Canada and Italy, which together accounted for a further 33%.

In terms of the main countries of destination, Luxembourg, with a CAGR of +21.3%, saw 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 2021, with a decrease of -16.5% against the previous year. Overall, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2013 when the average export price decreased by -3.9%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Italy ($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 South Korea (-7.5%), while the prices for the other major destinations experienced a decline.

Triethanolamine Imports

Imports into Switzerland

For the fifth year in a row, Switzerland recorded decline in purchases abroad of triethanolamine and its salts, which decreased by -8.1% to X tons in 2021. Over the period under review, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of 7.2% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, triethanolamine imports fell to $X in 2021. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 3.9%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States (X tons), Russia (X tons) and Belgium (X tons) were the main suppliers of triethanolamine imports to Switzerland, with a combined 77% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +26.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest triethanolamine suppliers to Switzerland were the United States ($X), Germany ($X) and Russia ($X), with a combined 83% share of total imports.

Russia, with a CAGR of +18.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average triethanolamine import price amounted to $X per ton, falling by -4.7% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when the average import price increased by 2.6%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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