EU Monoethanolamine And Its Salts Market | Dow Inc., LyondellBasell Industries N.V., BASF SE

IndexBox has just published a new report, the EU - Monoethanolamine And Its Salts - Market Analysis, Forecast, Size, Trends And Insights. Here is a summary of the report's key findings.

The revenue of the monoethanolamine market in the European Union amounted to $191M in 2017, increasing by 4.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.9% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011, with an increase of 14% y-o-y. Over the period under review, the monoethanolamine market reached its peak figure level at $216M in 2014; however, from 2015 to 2017, consumption stood at a somewhat lower figure.

Production in the EU

In 2017, the amount of monoethanolamine and its salts produced in the European Union amounted to 155K tonnes, going down by -8.3% against the previous year.

Exports in the EU

The exports stood at 127K tonnes in 2017, therefore, remained relatively stable against the previous year. The total exports indicated a significant increase from 2007 to 2017: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, the monoethanolamine exports increased by +47.2% against 2012 indices.

In value terms, monoethanolamine exports totaled $161M (IndexBox estimates) in 2017. Over the period under review, monoethanolamine exports continue to indicate a relatively flat trend pattern. The level of exports peaked at $191M in 2011; however, from 2012 to 2017, exports failed to regain their momentum.

Exports by Country

Germany (52K tonnes) and Belgium (42K tonnes) dominates monoethanolamine exports structure, together generating 75% of total exports. It was distantly followed by Sweden (10K tonnes), France (7.5K tonnes) and the Netherlands (7.1K tonnes), together achieving 19% share of total exports. Italy (3.2K tonnes) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Italy, while the other leaders experienced more modest paces of growth.

In value terms, the largest monoethanolamine markets worldwide were Germany ($66M), Belgium ($50M) and Sweden ($12M), with a combined 80% share of total exports.

Export Prices by Country

The monoethanolamine export price in the European Union stood at $1.3 per kg in 2017, surging by 7.1% against the previous year. Over the period under review, the monoethanolamine export price, however, continues to indicate a measured descent.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in the Netherlands ($1,554 per tonne) and Italy ($1,362 per tonne), while Sweden ($1,168 per tonne) and Belgium ($1,191 per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Sweden, while the other leaders experienced a decline in the export price figures.

Imports in the EU

In 2017, approx. 129K tonnes of monoethanolamine and its salts were imported in the European Union; rising by 8.5% against the previous year. The total import volume increased at an average annual rate of +1.8% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review.

In value terms, monoethanolamine imports stood at $151M (IndexBox estimates) in 2017. Over the period under review, monoethanolamine imports continue to indicate a moderate shrinkage. The level of imports peaked at $230M in 2014; however, from 2015 to 2017, imports remained at a lower figure.

Imports by Country

In 2017, Belgium (45K tonnes) represented the key importer for monoethanolamine and its salts, committing 35% of total imports. It was distantly followed by the UK (24K tonnes), France (11K tonnes), Germany (10K tonnes), Italy (9.9K tonnes), the Netherlands (9K tonnes) and Spain (7.7K tonnes), together generating 56% share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Belgium, while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($51M) constitutes the largest market for imported monoethanolamine and its salts in the European Union, comprising 34% of total monoethanolamine imports. The second position in the ranking was occupied by the UK ($24M), with a 16% share of total imports. It was followed by France, with a 9.9% share.

Import Prices by Country

The monoethanolamine import price in the European Union stood at $1.2 per kg in 2017, surging by 4.6% against the previous year. In general, the monoethanolamine import price, however, continues to indicate a noticeable reduction.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in France ($1,390 per tonne) and Spain ($1,282 per tonne), while the UK ($988 per tonne) and Belgium ($1,120 per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by France, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform