China's Import of Diethanolamine Decreases Slightly to $4.8 Million in June 2023

China

China Diethanolamine Imports

In June 2023, China imported approximately 5.5K tons of diethanolamine and its salts, marking a 14.3% decline compared to the previous month. Overall, imports showed a relatively steady trend. The highest growth rate occurred in May 2023, with a 475% month-to-month increase.

In terms of value, diethanolamine imports in June 2023 reached $4.8M according to IndexBox estimates. Imports continued to contract during the review period. The most rapid growth rate occurred in May 2023, with a 486% increase compared to the previous month.

China Diethanolamine Imports By Country (Million USD)

Imports by Country

In June 2023, Saudi Arabia was the largest supplier of diethanolamine to China, accounting for 72% of total imports with 4K tons. Malaysia, the second-largest supplier, only provided 552 tons, a sevenfold difference compared to Saudi Arabia.

Between June 2022 and June 2023, the average monthly growth rate of volume from Saudi Arabia was relatively modest.

In terms of value, Saudi Arabia constituted 72% of total imports, amounting to $3.5M. Malaysia held the second position with a 10% share of total imports, equivalent to $482K.

Between June 2022 and June 2023, the average monthly rate of growth in terms of value from Saudi Arabia was relatively modest.

Import Prices by Country

In June 2023, the price of diethanolamine stood at $867 per ton (CIF, China), witnessing a 3.4% increase compared to the previous month. However, the import price experienced a slight decline during the review period. The most rapid growth rate occurred in February 2023, with a 6.1% month-to-month increase. Average import prices peaked at $1,062 per ton in June 2022, but remained lower from July 2022 to June 2023.

Average prices varied among the major supplying countries. In June 2023, the highest price was recorded for Iran ($1,017 per ton) and Malaysia ($873 per ton), while Russia ($763 per ton) and Saudi Arabia ($864 per ton) had relatively lower prices.

Between June 2022 and June 2023, Russia experienced the most notable rate of price growth (0.0%), while the prices for other major suppliers declined.



Source: IndexBox Market Intelligence Platform

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