Asia-Pacific: Diethanolamine Market 2024

Diethanolamine Market Size in Asia-Pacific

In 2022, after two years of growth, there was significant decline in the Asia-Pacific diethanolamine market, when its value decreased by X% to $X. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Diethanolamine Production in Asia-Pacific

In value terms, diethanolamine production totaled $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Diethanolamine Exports

Exports in Asia-Pacific

In 2022, overseas shipments of diethanolamine and its salts decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports recorded a mild decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, diethanolamine exports declined to $X in 2022. Overall, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Malaysia (X tons) was the largest exporter of diethanolamine and its salts, creating X% of total exports. It was distantly followed by Singapore (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons), together constituting a X% share of total exports. Japan (X tons), India (X tons) and the Philippines (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to diethanolamine exports from Malaysia stood at X%. At the same time, the Philippines (X%), Singapore (X%), India (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.), Taiwan (Chinese) (X p.p.), the Philippines (X p.p.) and India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest diethanolamine supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia stood at X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, stabilizing at the previous year. In general, the export price, however, recorded a mild decrease. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the export price figures.

Diethanolamine Imports

Imports in Asia-Pacific

In 2022, purchases abroad of diethanolamine and its salts decreased by X% to X tons, falling for the second year in a row after seven years of growth. In general, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, diethanolamine imports reduced to $X in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

China was the largest importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by India (X tons), Thailand (X tons) and Singapore (X tons), together comprising a X% share of total imports. The following importers - South Korea (X tons), Malaysia (X tons) and Indonesia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to diethanolamine imports into China stood at X%. At the same time, Thailand (X%), Singapore (X%), Malaysia (X%) and India (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, South Korea (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (X p.p.) and South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported diethanolamine and its salts in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: India (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in India ($X per ton) and Indonesia ($X per ton), while Singapore ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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