Thailand: Monoethanolamine Market 2025

Monoethanolamine Market Size in Thailand

The Thai monoethanolamine market shrank notably to $X in 2021, dropping by -87.3% against the previous year. Overall, consumption continues to indicate a abrupt decline. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Monoethanolamine Production in Thailand

In value terms, monoethanolamine production surged to $X in 2021 estimated in export price. In general, production, however, showed a abrupt contraction. Monoethanolamine production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Monoethanolamine Exports

Exports from Thailand

Monoethanolamine exports from Thailand was estimated at X tons in 2021, remaining relatively unchanged against the previous year. In general, exports saw a pronounced decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 11%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, monoethanolamine exports amounted to less than $X in 2021. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 2.6%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for monoethanolamine exports from Thailand, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar was relatively modest.

From 2012 to 2021, the average annual growth rate of value to No country was relatively modest.

Export Prices by Country

The average monoethanolamine export price stood at $X per ton in 2019, declining by -26.3% against the previous year. In general, the export price recorded a noticeable setback. The pace of growth was the most pronounced in 2018 an increase of 15%. The export price peaked at $X per ton in 2014; however, from 2015 to 2019, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2019, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and Australia ($X per ton), while the average price for exports to the Netherlands ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+5.3%), while the prices for the other major destinations experienced a decline.

Monoethanolamine Imports

Imports into Thailand

In 2019, the amount of monoethanolamine and its salts imported into Thailand skyrocketed to X tons, surging by 22% on 2018 figures. Overall, imports posted a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 35% against the previous year. Imports peaked in 2019 and are likely to continue growth in the near future.

In value terms, monoethanolamine imports reached $X in 2019. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 44%. Imports peaked in 2019 and are likely to see gradual growth in the immediate term.

Imports by Country

Saudi Arabia (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons) were the main suppliers of monoethanolamine imports to Thailand, together comprising 88% of total imports.

From 2012 to 2019, the biggest increases were recorded for Saudi Arabia (with a CAGR of +408.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Taiwan (Chinese) ($X) and Malaysia ($X) appeared to be the largest monoethanolamine suppliers to Thailand, together accounting for 86% of total imports.

Saudi Arabia, with a CAGR of +310.7%, 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 more modest paces of growth.

Import Prices by Country

In 2019, the average monoethanolamine import price amounted to $X per ton, waning by -17.7% against the previous year. Over the period under review, the import price showed a pronounced descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 27%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and the United States ($X per ton), while the price for Saudi Arabia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the United States (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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