Northern America: Monoethanolamine Market 2024

Monoethanolamine Market Size in Northern America

The North American monoethanolamine market soared to $X in 2023, increasing by X% against the previous year. In general, consumption showed prominent growth. Over the period under review, the market reached the maximum level in 2023 and is expected to retain growth in the immediate term.

Monoethanolamine Production in Northern America

In value terms, monoethanolamine production reached $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Monoethanolamine Exports

Exports in Northern America

After two years of growth, shipments abroad of monoethanolamine and its salts decreased by X% to X tons in 2023. Overall, exports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2022 when exports increased by X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, monoethanolamine exports fell significantly to $X in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then reduced sharply in the following year.

Exports by Country

In 2023, the United States (X tons) was the key exporter of monoethanolamine and its salts in Northern America, comprising X% of total export.

The United States was also the fastest-growing in terms of the monoethanolamine and its salts exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest monoethanolamine supplier in Northern America.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2023, increasing by X% against the previous year. Export price indicated a modest increase 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 export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in the near future.

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

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

Monoethanolamine Imports

Imports in Northern America

In 2023, purchases abroad of monoethanolamine and its salts increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are likely to see gradual growth in the immediate term.

In value terms, monoethanolamine imports dropped modestly to $X in 2023. Over the period under review, imports recorded prominent growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then contracted modestly in the following year.

Imports by Country

Canada represented the main importer of monoethanolamine and its salts in Northern America, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. It was distantly followed by the United States (X tons), making up a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to monoethanolamine imports into Canada stood at X%. At the same time, the United States (X%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2023. The United States (X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Canada ($X) constitutes the largest market for imported monoethanolamine and its salts in Northern America, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Canada totaled X%.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price, however, saw notable growth. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then declined rapidly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform