Latin America and the Caribbean: Monoethanolamine Market 2024

Monoethanolamine Market Size in Latin America and the Caribbean

The Latin American monoethanolamine market expanded remarkably to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2023 and is likely to see steady growth in years to come.

Monoethanolamine Production in Latin America and the Caribbean

In value terms, monoethanolamine production rose rapidly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a slight reduction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Monoethanolamine Exports

Exports in Latin America and the Caribbean

In 2023, approx. X tons of monoethanolamine and its salts were exported in Latin America and the Caribbean; surging by X% on the previous year's figure. Overall, exports, however, faced a deep contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, monoethanolamine exports reduced markedly to $X in 2023. Over the period under review, exports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Brazil (X tons), together resulting at X% of total export.

Brazil was also the fastest-growing in terms of the monoethanolamine and its salts exports, with a CAGR of X% from 2012 to 2023. While the share of Brazil (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest monoethanolamine supplier in Latin America and the Caribbean.

In Brazil, monoethanolamine exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, reducing by X% against the previous year. Export price indicated a slight expansion from 2012 to 2023: its price 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. 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 declined markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2023, the rate of growth in terms of prices for Brazil amounted to X% per year.

Monoethanolamine Imports

Imports in Latin America and the Caribbean

In 2023, overseas purchases of monoethanolamine and its salts were finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. Total imports indicated a temperate increase from 2012 to 2023: its volume 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. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the maximum in 2023 and are likely to see steady growth in the immediate term.

In value terms, monoethanolamine imports reduced to $X in 2023. Total imports indicated a notable expansion from 2012 to 2023: its value 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Brazil represented the largest importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by Argentina (X tons), Mexico (X tons) and Colombia (X tons), together creating a X% share of total imports. The following importers - Chile (X tons) and Ecuador (X tons) - each recorded a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to monoethanolamine imports into Brazil stood at X%. At the same time, Ecuador (X%), Mexico (X%), Chile (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Argentina experienced a relatively flat trend pattern. While the share of Brazil (X p.p.) and Mexico (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported monoethanolamine and its salts in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

In Brazil, monoethanolamine imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X%. As a result, import price attained the peak level of $X per ton, and then shrank markedly 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 Colombia ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform