Eastern Asia: Triethanolamine Market 2024

Triethanolamine Market Size in Eastern Asia

The East Asian triethanolamine market shrank to $X in 2023, leveling off at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market failed to regain momentum.

Triethanolamine Production in Eastern Asia

In value terms, triethanolamine production shrank modestly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Triethanolamine Exports

Exports in Eastern Asia

In 2023, the amount of triethanolamine and its salts exported in Eastern Asia dropped modestly to X tons, with a decrease of X% compared with the previous year. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, triethanolamine exports dropped to $X in 2023. In general, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, South Korea (X tons), distantly followed by Japan (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) represented the key exporters of triethanolamine and its salts, together mixing up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, South Korea ($X) remains the largest triethanolamine supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

In South Korea, triethanolamine exports remained relatively stable over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced a decline in the export price figures.

Triethanolamine Imports

Imports in Eastern Asia

In 2023, after three years of growth, there was decline in purchases abroad of triethanolamine and its salts, when their volume decreased by X% to X tons. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, triethanolamine imports contracted modestly to $X in 2023. Over the period under review, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

South Korea was the main importer of triethanolamine and its salts in Eastern Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. It was distantly followed by Japan (X tons), mixing up a X% share of total imports. The following importers - Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) - each reached an X% share of total imports.

Imports into South Korea increased at an average annual rate of X% from 2012 to 2023. At the same time, Hong Kong SAR (X%) and Japan (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.), Japan (X p.p.), Hong Kong SAR (X p.p.) and Taiwan (Chinese) (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported triethanolamine and its salts in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Korea amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform