Europe: Triethanolamine Market 2024

Triethanolamine Market Size in Europe

After eight years of decline, the Europe triethanolamine market increased by X% to $X in 2022. Overall, consumption recorded a deep downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Triethanolamine Production in Europe

In value terms, triethanolamine production fell modestly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt descent. The growth pace was the most rapid in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Triethanolamine Exports

Exports in Europe

In 2022, approx. X tons of triethanolamine and its salts were exported in Europe; shrinking by X% on the year before. Over the period under review, exports saw a precipitous setback. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, triethanolamine exports fell sharply to $X in 2022. Overall, exports saw a sharp slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Switzerland (X tons) was the main exporter of triethanolamine and its salts, constituting X% of total exports. It was distantly followed by the UK (X tons), comprising a X% share of total exports.

Switzerland was also the fastest-growing in terms of the triethanolamine and its salts exports, with a CAGR of X% from 2012 to 2022. The UK (X%) illustrated a downward trend over the same period. While the share of Switzerland (X p.p.) and the UK (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X) remains the largest triethanolamine supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with a X% share of total exports.

In the UK, triethanolamine exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a 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 UK ($X per ton), while Switzerland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%).

Triethanolamine Imports

Imports in Europe

Triethanolamine imports reached X tons in 2022, leveling off at the year before. Over the period under review, imports, however, continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, triethanolamine imports dropped to $X in 2022. In general, imports, however, recorded a sharp curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The UK prevails in imports structure, reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Belarus (X tons), generating a X% share of total imports. Switzerland (X tons) took a relatively small share of total imports.

The UK experienced a relatively flat trend pattern with regard to volume of imports of triethanolamine and its salts. At the same time, Belarus (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. By contrast, Switzerland (X%) illustrated a downward trend over the same period. While the share of the UK (X p.p.), Belarus (X p.p.) and Switzerland (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X) constitutes the largest market for imported triethanolamine and its salts in Europe, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports.

In the UK, triethanolamine imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Switzerland (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price saw a abrupt decline. The growth pace was the most rapid in 2013 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per ton), while the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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