India: Monoethanolamine Market 2024

Monoethanolamine Market Size in India

In 2022, the Indian monoethanolamine market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, the total consumption indicated a tangible 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. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Monoethanolamine Production in India

In value terms, monoethanolamine production contracted slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

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Monoethanolamine Exports

Exports from India

In 2022, shipments abroad of monoethanolamine and its salts increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, monoethanolamine exports soared to $X in 2022. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), South Korea (X tons) and Iran (X tons) were the main destinations of monoethanolamine exports from India, together accounting for X% of total exports. Japan, China, Australia, Belgium, Hungary, Turkey, the United Arab Emirates, Germany, Canada and Malaysia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Belgium ($X) and the United States ($X) were the largest markets for monoethanolamine exported from India worldwide, with a combined X% share of total exports.

Among the main countries of destination, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average monoethanolamine export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Monoethanolamine Imports

Imports into India

In 2022, the amount of monoethanolamine and its salts imported into India surged to X tons, growing by X% on the previous year's figure. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, monoethanolamine imports soared to $X in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X tons), Saudi Arabia (X tons) and Malaysia (X tons) were the main suppliers of monoethanolamine imports to India, with a combined X% share of total imports. Thailand, the United Arab Emirates, the United States and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest monoethanolamine suppliers to India were China ($X), Saudi Arabia ($X) and Thailand ($X), with a combined X% share of total imports. Malaysia, the United Arab Emirates, the United States and Belgium lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average monoethanolamine import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price 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. Based on 2022 figures, monoethanolamine import price increased by X% against 2020 indices. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Saudi Arabia ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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