Turkey: Diethanolamine Market 2024

Diethanolamine Market Size in Turkey

The Turkish diethanolamine market surged to $X in 2021, with an increase of 23% against the previous year. In general, consumption, however, saw a noticeable slump. Diethanolamine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Diethanolamine Production in Turkey

In value terms, diethanolamine production dropped significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a precipitous slump. The pace of growth was the most pronounced in 2015 with a decrease of -2.4%. Diethanolamine production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Diethanolamine Exports

Exports from Turkey

Diethanolamine exports from Turkey soared to X tons in 2021, growing by 17% compared with 2020. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2018 with an increase of 724%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, diethanolamine exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 451%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Tajikistan (X tons) was the main destination for diethanolamine exports from Turkey, with a 42% share of total exports. Moreover, diethanolamine exports to Tajikistan exceeded the volume sent to the second major destination, Ukraine (X tons), threefold. The third position in this ranking was taken by Egypt (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Tajikistan stood at +181.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (0.0% per year) and Egypt (+67.6% per year).

In value terms, Tajikistan ($X) remains the key foreign market for diethanolamine and its salts exports from Turkey, comprising 38% of total exports. The second position in the ranking was taken by Egypt ($X), with a 15% share of total exports. It was followed by Ukraine, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Tajikistan totaled +167.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+66.8% per year) and Ukraine (0.0% per year).

Export Prices by Country

In 2021, the average diethanolamine export price amounted to $X per ton, increasing by 33% against the previous year. Overall, the export price, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2017 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Ukraine ($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 Georgia (+21.0%), while the prices for the other major destinations experienced mixed trend patterns.

Diethanolamine Imports

Imports into Turkey

In 2021, approx. X tons of diethanolamine and its salts were imported into Turkey; growing by 39% on 2020 figures. In general, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, diethanolamine imports soared to $X in 2021. Overall, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 39% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

Saudi Arabia (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of diethanolamine imports to Turkey, together comprising 81% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +56.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest diethanolamine suppliers to Turkey were Saudi Arabia ($X), Sweden ($X) and Germany ($X), with a combined 81% share of total imports.

Saudi Arabia, with a CAGR of +55.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average diethanolamine import price stood at $X per ton in 2021, which is down by -6% against the previous year. Over the period under review, the import price recorded a slight downturn. The growth pace was the most rapid in 2020 an increase of 25% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Russia ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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