United Kingdom: Triethanolamine Market 2024

Triethanolamine Market Size in the UK

In 2021, after four years of growth, there was decline in the UK triethanolamine market, when its value decreased by -3.9% to $X. The market value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Triethanolamine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Triethanolamine Production in the UK

In value terms, triethanolamine production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +47.7% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 36% against the previous year. Triethanolamine production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Triethanolamine Exports

Exports from the UK

In 2021, exports of triethanolamine and its salts from the UK dropped remarkably to X tons, reducing by -17.5% against the previous year's figure. Overall, exports showed a precipitous contraction. The pace of growth was the most pronounced in 2013 with an increase of 71%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, triethanolamine exports expanded to $X in 2021. Over the period under review, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2013 with an increase of 85%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for triethanolamine exports from the UK, accounting for a 54% share of total exports. Moreover, triethanolamine exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), fourfold. Spain (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-13.6% per year) and Spain (-19.0% per year).

In value terms, Germany ($X) remains the key foreign market for triethanolamine and its salts exports from the UK, comprising 29% of total exports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total exports. It was followed by Pakistan, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-1.1% per year) and Pakistan (+7.2% per year).

Export Prices by Country

In 2021, the average triethanolamine export price amounted to $X per ton, increasing by 23% against the previous year. Over the period under review, the export price showed buoyant growth. The pace of growth was the most pronounced in 2014 an increase of 54%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Pakistan ($X per ton), while the average price for exports to Tunisia ($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 Denmark (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Triethanolamine Imports

Imports into the UK

In 2021, supplies from abroad of triethanolamine and its salts increased by less than 0.1% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 18%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, triethanolamine imports shrank to $X in 2021. Overall, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2013 when imports increased by 29%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of triethanolamine imports to the UK, together accounting for 94% of total imports. These countries were followed by Spain, the Netherlands and France, which together accounted for a further 4.1%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +20.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Belgium ($X) and Germany ($X) appeared to be the largest triethanolamine suppliers to the UK, together comprising 92% of total imports. Spain, the Netherlands and France lagged somewhat behind, together accounting for a further 4.1%.

Among the main suppliers, Spain, with a CAGR of +15.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average triethanolamine import price stood at $X per ton in 2021, waning by -5.3% against the previous year. Overall, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 9.1% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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