Europe: Monoethanolamine Market 2024

Monoethanolamine Market Size in Europe

In 2023, the Europe monoethanolamine market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2022, and then reduced in the following year.

Monoethanolamine Production in Europe

In value terms, monoethanolamine production rose significantly to $X in 2023 estimated in export price. In general, production saw a resilient expansion. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Monoethanolamine Exports

Exports in Europe

For the third year in a row, Europe recorded decline in shipments abroad of monoethanolamine and its salts, which decreased by X% to X tons in 2023. Overall, exports, however, continue to indicate slight growth. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, monoethanolamine exports dropped dramatically to $X in 2023. In general, exports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium was the main exporting country with an export of about X tons, which amounted to X% of total exports. Sweden (X tons) took the second position in the ranking, followed by France (X tons), Russia (X tons) and Italy (X tons). All these countries together held approx. X% share of total exports. The Netherlands (X tons) and Spain (X tons) took a minor share of total exports.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of monoethanolamine and its salts. At the same time, Spain (X%), Italy (X%), Sweden (X%) and Russia (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. By contrast, France (X%) and the Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of France, Sweden and Italy increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest monoethanolamine supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports. It was followed by France, with an X% share.

In Belgium, monoethanolamine exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, saw a slight increase. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then shrank markedly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Spain ($X per ton) and Russia ($X per ton), while France ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Monoethanolamine Imports

Imports in Europe

In 2023, purchases abroad of monoethanolamine and its salts decreased by X% to X tons, falling for the second consecutive year after five years of growth. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, monoethanolamine imports dropped notably to $X in 2023. Overall, imports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then dropped notably in the following year.

Imports by Country

In 2023, Belgium (X tons) was the largest importer of monoethanolamine and its salts, creating X% of total imports. France (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the UK (X%), Spain (X%), the Netherlands (X%), Italy (X%) and Germany (X%). Poland (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to monoethanolamine imports into Belgium stood at X%. At the same time, Poland (X%), Spain (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. By contrast, Italy (X%), France (X%), Germany (X%) and the UK (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Belgium and Spain increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Belgium totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: the UK (X% per year) and France (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, with a decrease of X% against the previous year. Import price indicated slight growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, monoethanolamine import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then fell dramatically in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform