Thailand: Triethanolamine Market 2024

Triethanolamine Market Size in Thailand

After four years of growth, the Thai triethanolamine market decreased by -1.8% to $X in 2021. Overall, consumption, however, saw a relatively flat trend pattern. Triethanolamine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Triethanolamine Production in Thailand

In value terms, triethanolamine production fell modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 15% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Triethanolamine Exports

Exports from Thailand

Triethanolamine exports from Thailand reduced to X tons in 2019, declining by -7.8% on 2018 figures. In general, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2013 when exports increased by 9% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2019, the growth of the exports remained at a lower figure.

In value terms, triethanolamine exports dropped to $X in 2019. Over the period under review, exports showed a significant contraction. The growth pace was the most rapid in 2013 with an increase of 16%. As a result, the exports reached the peak of $X. From 2014 to 2019, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for triethanolamine exports from Thailand, with a 50% share of total exports. Moreover, triethanolamine exports to India exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with a 9% share.

From 2012 to 2019, the average annual rate of growth in terms of volume to India amounted to -17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-42.0% per year) and South Korea (-37.7% per year).

In value terms, India ($X) remains the key foreign market for triethanolamine and its salts exports from Thailand, comprising 43% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 15% share of total exports. It was followed by China, with a 14% share.

From 2012 to 2019, the average annual growth rate of value to India totaled -19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+28.7% per year) and China (-42.4% per year).

Export Prices by Country

In 2019, the average triethanolamine export price amounted to $X per ton, growing by 1.9% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 23% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2019, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to Australia ($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 Vietnam (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Triethanolamine Imports

Imports into Thailand

For the third consecutive year, Thailand recorded decline in purchases abroad of triethanolamine and its salts, which decreased by -35.4% to X tons in 2019. In general, imports saw a dramatic contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 36%. As a result, imports reached the peak of X tons. From 2017 to 2019, the growth of imports remained at a somewhat lower figure.

In value terms, triethanolamine imports declined notably to $X in 2019. Overall, imports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 28%. As a result, imports reached the peak of $X. From 2014 to 2019, the growth of imports failed to regain momentum.

Imports by Country

In 2019, the United States (X tons) constituted the largest supplier of triethanolamine to Thailand, accounting for a 59% share of total imports. Moreover, triethanolamine imports from the United States exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 9.8% share.

From 2012 to 2019, the average annual rate of growth in terms of volume from the United States stood at -25.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-19.8% per year) and Taiwan (Chinese) (-36.0% per year).

In value terms, the United States ($X) constituted the largest supplier of triethanolamine and its salts to Thailand, comprising 62% of total imports. The second position in the ranking was held by Malaysia ($X), with an 18% share of total imports. It was followed by Taiwan (Chinese), with a 7% share.

From 2012 to 2019, the average annual growth rate of value from the United States stood at -27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-22.3% per year) and Taiwan (Chinese) (-41.2% per year).

Import Prices by Country

In 2019, the average triethanolamine import price amounted to $X per ton, picking up by 16% against the previous year. Overall, the import price, however, showed a perceptible descent. The import price peaked at $X per ton in 2015; however, from 2016 to 2019, import prices remained at a lower figure.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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