Asia-Pacific: Triethanolamine Market 2024

Triethanolamine Market Size in Asia-Pacific

The Asia-Pacific triethanolamine market declined modestly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption recorded a mild slump. The most prominent rate of growth was recorded in 2018 when the market value increased by X%. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Triethanolamine Production in Asia-Pacific

In value terms, triethanolamine production shrank slightly to $X in 2022 estimated in export price. In general, production showed a mild setback. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Triethanolamine Exports

Exports in Asia-Pacific

In 2022, shipments abroad of triethanolamine and its salts increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, exports, however, faced a abrupt setback. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, triethanolamine exports reached $X in 2022. Over the period under review, exports, however, recorded a significant decrease. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, South Korea (X tons) was the largest exporter of triethanolamine and its salts, creating X% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a X% share, followed by Hong Kong SAR (X%), Japan (X%) and Taiwan (Chinese) (X%). The following exporters - India (X tons) and Singapore (X tons) - together made up X% of total exports.

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

In value terms, South Korea ($X), Malaysia ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Hong Kong SAR, Taiwan (Chinese), India and Singapore lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of export peaked 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 India ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Triethanolamine Imports

Imports in Asia-Pacific

Triethanolamine imports expanded modestly to X tons in 2022, picking up by X% compared with the previous year's figure. Overall, imports, however, showed a mild decline. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, triethanolamine imports stood at $X in 2022. In general, imports, however, recorded a noticeable decline. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) represented the major importer of triethanolamine and its salts, mixing up X% of total imports. Singapore (X tons) ranks second in terms of the total imports with a X% share, followed by the Philippines (X%), Japan (X%), Vietnam (X%), Australia (X%) and India (X%).

From 2012 to 2022, average annual rates of growth with regard to triethanolamine imports into South Korea stood at X%. At the same time, the Philippines (X%), Vietnam (X%), Singapore (X%), Australia (X%) and Japan (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, India (X%) illustrated a downward trend over the same period. South Korea (X p.p.), the Philippines (X p.p.), Singapore (X p.p.), Vietnam (X p.p.), Japan (X p.p.) and Australia (X p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Korea ($X), the Philippines ($X) and Japan ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, the Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the import price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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