World - Triethanolamine And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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The global market for triethanolamine and its salts is expected to continue an upward consumption trend over the next eight years, with a forecasted CAGR of +2.5% in volume and +4.1% in value from 2022 to 2030. China, the United States, and India are the top consuming and producing countries, while South Korea and France lead in imports. Saudi Arabia dominates in exports. The market experienced fluctuations in consumption and production volumes, with noticeable growth in the Netherlands. Import and export prices showed declines, with Argentina having the highest import price and Saudi Arabia the highest export price in 2022.
Market Forecast
Driven by increasing demand for triethanolamine and its salts worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.5% for the period from 2022 to 2030, which is projected to bring the market volume to 656M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.1% for the period from 2022 to 2030, which is projected to bring the market value to $1,147.3B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Triethanolamine And Its Salts
In 2022, after ten years of growth, there was decline in consumption of triethanolamine and its salts, when its volume decreased by -0.7% to 537M tons. The total consumption volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global consumption attained the maximum volume at 540M tons in 2021, and then shrank slightly in the following year.
The global triethanolamine market size stood at $831.4B in 2022, approximately reflecting 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 +1.7% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Global consumption peaked at $849.7B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (88M tons), the United States (77M tons) and India (36M tons), with a combined 37% share of global consumption. Pakistan, Russia, Japan, Germany, Brazil, Indonesia, the UK, France, Turkey and the Netherlands lagged somewhat behind, together accounting for a further 30%.
From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +12.8%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($180.1B) led the market, alone. The second position in the ranking was taken by India ($85.9B). It was followed by the United States.
From 2012 to 2022, the average annual growth rate of value in China amounted to +3.8%. In the other countries, the average annual rates were as follows: India (+2.6% per year) and the United States (-0.4% per year).
In 2022, the highest levels of triethanolamine per capita consumption was registered in the Netherlands (584 kg per person), followed by the United States (229 kg per person), Germany (220 kg per person) and the UK (204 kg per person), while the world average per capita consumption of triethanolamine was estimated at 68 kg per person.
From 2012 to 2022, the average annual rate of growth in terms of the triethanolamine per capita consumption in the Netherlands amounted to +12.3%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the United States (+2.8% per year) and Germany (+1.8% per year).
Production
World Production of Triethanolamine And Its Salts
In 2022, production of triethanolamine and its salts decreased by -0.7% to 537M tons for the first time since 2011, thus ending a ten-year rising trend. The total output volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 13% against the previous year. Over the period under review, global production reached the maximum volume at 540M tons in 2021, and then declined slightly in the following year.
In value terms, triethanolamine production totaled $660B in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 12% against the previous year. Over the period under review, global production hit record highs at $788.8B in 2013; however, from 2014 to 2022, production remained at a lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (88M tons), the United States (77M tons) and India (36M tons), with a combined 37% share of global production. Pakistan, Russia, Japan, Germany, Brazil, Indonesia, the UK, France, Turkey and the Netherlands lagged somewhat behind, together comprising a further 30%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by the Netherlands (with a CAGR of +12.8%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Triethanolamine And Its Salts
In 2022, global triethanolamine imports rose to 102K tons, growing by 2.8% on the year before. Overall, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. Global imports peaked at 227K tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.
In value terms, triethanolamine imports stood at $98M in 2022. In general, imports, however, saw a deep contraction. The growth pace was the most rapid in 2018 when imports increased by 15%. Over the period under review, global imports attained the maximum at $358M in 2014; however, from 2015 to 2022, imports remained at a lower figure.
Imports By Country
In 2022, South Korea (19K tons), distantly followed by France (12K tons), Italy (11K tons), Singapore (9.4K tons), Spain (7.9K tons), China (7.8K tons), Japan (7.6K tons) and Vietnam (5.3K tons) represented the key importers of triethanolamine and its salts, together mixing up 78% of total imports. The United Arab Emirates (4.3K tons), India (3.8K tons) and Argentina (1.8K tons) took a little share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates (with a CAGR of +29.1%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest triethanolamine importing markets worldwide were South Korea ($17M), France ($11M) and Italy ($8.5M), with a combined 36% share of global imports. Japan, Singapore, Vietnam, Spain, China, India, the United Arab Emirates and Argentina lagged somewhat behind, together comprising a further 44%.
Among the main importing countries, the United Arab Emirates, with a CAGR of +24.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average triethanolamine import price stood at $961 per ton in 2022, waning by -2.1% against the previous year. Overall, the import price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 2.8% against the previous year. Global import price peaked at $1,573 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($1,503 per ton), while China ($630 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-2.4%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Triethanolamine And Its Salts
Global triethanolamine exports surged to 39K tons in 2022, picking up by 71% on the previous year. In general, exports, however, continue to indicate a drastic downturn. Over the period under review, the global exports reached the maximum at 197K tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.
In value terms, triethanolamine exports surged to $38M in 2022. Overall, exports, however, faced a deep contraction. Over the period under review, the global exports reached the maximum at $315M in 2012; however, from 2013 to 2022, the exports remained at a lower figure.
Exports By Country
In 2022, Saudi Arabia (16K tons) was the largest exporter of triethanolamine and its salts, achieving 42% of total exports. France (8.2K tons) ranks second in terms of the total exports with a 21% share, followed by Iran (13%), Spain (9.7%) and Italy (5.5%). Austria (723 tons) held a minor share of total exports.
From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +45.9%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, Saudi Arabia ($16M) emerged as the largest triethanolamine supplier worldwide, comprising 42% of global exports. The second position in the ranking was held by France ($6.2M), with a 16% share of global exports. It was followed by Iran, with a 12% share.
In Saudi Arabia, triethanolamine exports expanded at an average annual rate of +43.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (-13.5% per year) and Iran (-10.8% per year).
Export Prices By Country
The average triethanolamine export price stood at $976 per ton in 2022, leveling off at the previous year. Over the period under review, the export price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2017 an increase of 7.4% against the previous year. The global export price peaked at $1,596 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Italy ($1,025 per ton) and Spain ($992 per ton), while Austria ($751 per ton) and France ($758 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-1.7%), while the other global leaders experienced a decline in the export price figures.
This report provides an in-depth analysis of the global triethanolamine market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20144237 - Triethanolamine and its salts
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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