Global Diethanolamine Market 2024

Diethanolamine Market Size

The global diethanolamine market expanded sharply to $X in 2021, with an increase of 5.4% against the previous year. In general, consumption recorded a slight contraction. Global consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Diethanolamine Production

In value terms, diethanolamine production fell slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 13%. Over the period under review, global production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Diethanolamine Exports

Exports

Global diethanolamine exports contracted modestly to X tons in 2021, dropping by -1.6% on 2020. The total export volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 21% against the previous year. The global exports peaked at X tons in 2020, and then dropped in the following year.

In value terms, diethanolamine exports surged to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 22%. The global exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia was the main exporting country with an export of around X tons, which recorded 44% of total exports. It was distantly followed by Belgium (X tons), Malaysia (X tons), Sweden (X tons) and France (X tons), together committing a 40% share of total exports. The United States (X tons) and Taiwan (Chinese) (X tons) held a minor share of total exports.

Saudi Arabia was also the fastest-growing in terms of the diethanolamine and its salts exports, with a CAGR of +11.1% from 2012 to 2021. At the same time, Taiwan (Chinese) (+10.3%) and Belgium (+4.5%) displayed positive paces of growth. Malaysia, France and Sweden experienced a relatively flat trend pattern. By contrast, the United States (-8.3%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+21 p.p.), France (+4.6 p.p.) and Belgium (+1.8 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Sweden (-2.2 p.p.), Malaysia (-2.4 p.p.) and the United States (-8.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest diethanolamine supplying countries worldwide were Saudi Arabia ($X), Belgium ($X) and Malaysia ($X), together comprising 71% of global exports. Sweden, the United States, France and Taiwan (Chinese) lagged somewhat behind, together comprising a further 20%.

Taiwan (Chinese), with a CAGR of +7.1%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average diethanolamine export price amounted to $X per ton, surging by 17% against the previous year. Overall, the export price, however, recorded a pronounced reduction. The global export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in the United States ($X per ton) and France ($X per ton), while Saudi Arabia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.9%), while the other global leaders experienced a decline in the export price figures.

Diethanolamine Imports

Imports

After five years of growth, purchases abroad of diethanolamine and its salts decreased by -8.9% to X tons in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +42.9% against 2015 indices. The pace of growth appeared the most rapid in 2020 with an increase of 16%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, diethanolamine imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 23% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of global imports remained at a somewhat lower figure.

Imports by Country

China represented the key importing country with an import of about X tons, which resulted at 33% of total imports. It was distantly followed by the United States (X tons), Belgium (X tons) and India (X tons), together achieving a 30% share of total imports. The following importers - Thailand (X tons), Singapore (X tons), Italy (X tons), the United Arab Emirates (X tons), Turkey (X tons), Spain (X tons) and Germany (X tons) - together made up 16% of total imports.

Imports into China increased at an average annual rate of +8.4% from 2012 to 2021. At the same time, the United Arab Emirates (+39.4%), Thailand (+31.2%), Singapore (+14.2%), Turkey (+11.1%), India (+7.7%), Belgium (+5.4%), the United States (+3.6%) and Spain (+2.4%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the world, with a CAGR of +39.4% from 2012-2021. By contrast, Italy (-1.2%) and Germany (-4.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Thailand and the United Arab Emirates increased by +8.1, +3.5 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest diethanolamine importing markets worldwide were China ($X), the United States ($X) and India ($X), with a combined 54% share of global imports. Belgium, Italy, Turkey, Singapore, the United Arab Emirates, Germany and Spain lagged somewhat behind, together comprising a further 20%.

The United Arab Emirates, with a CAGR of +34.5%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average diethanolamine import price amounted to $X per ton, rising by 21% against the previous year. In general, the import price, however, recorded a pronounced reduction. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Singapore ($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 (-0.3%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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