Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in China - 2023
Contents:
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in China (FOB) - 2023
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in China (CIF) - 2023
- Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in China
- Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in China
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in China (FOB) - 2023
The average export price for alcohols; aromatic and derivatives, other than benzyl alcohol stood at $7,319 per ton in December 2023, waning by -20.2% against the previous month. In general, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in March 2023 an increase of 29% m-o-m. As a result, the export price attained the peak level of $15,835 per ton. From April 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Kenya ($15,687 per ton), while the average price for exports to Belgium ($2,902 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in China (CIF) - 2023
In December 2023, the average import price for alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $3,390 per ton, waning by -25% against the previous month. In general, the import price faced a significant curtailment. The growth pace was the most rapid in March 2023 an increase of 42% month-to-month. Over the period under review, average import prices reached the peak figure at $60,588 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($8,339 per ton), while the price for Japan amounted to $3,081 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by India (-13.7%).
Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in China
In 2022, after three years of growth, there was decline in shipments abroad of alcohols; aromatic and derivatives, other than benzyl alcohol, when their volume decreased by -3.6% to 15K tons. The total export volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 9.7%. As a result, the exports reached the peak of 16K tons, and then declined modestly in the following year.
In value terms, exports of alcohols; aromatic and derivatives, other than benzyl alcohol skyrocketed to $230M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.6% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 44.1 | 47.0 | 74.1 | 90.4 | 27.0% |
| Mexico | 13.3 | 17.3 | 14.2 | 31.4 | 33.2% |
| United Kingdom | 19.5 | 25.6 | 18.0 | 26.1 | 10.2% |
| Japan | 9.1 | 13.9 | 19.9 | 12.1 | 10.0% |
| United States | 10.7 | 8.3 | 8.5 | 10.6 | -0.3% |
| Switzerland | 6.1 | 6.0 | 6.8 | 7.6 | 7.6% |
| Singapore | 5.1 | 5.6 | 5.9 | 6.4 | 7.9% |
| South Korea | 11.8 | 6.0 | 5.9 | 5.5 | -22.5% |
| Spain | 2.7 | 5.9 | 4.4 | 5.4 | 26.0% |
| Germany | 5.0 | 6.2 | 5.9 | 5.2 | 1.3% |
| Netherlands | 4.3 | 5.3 | 4.4 | 5.1 | 5.9% |
| Indonesia | 2.4 | 2.9 | 3.8 | 2.8 | 5.3% |
| Belgium | 5.2 | 3.1 | 4.3 | 1.7 | -31.1% |
| Others | 13.7 | 13.3 | 18.4 | 19.8 | 13.1% |
| Total | 153 | 166 | 195 | 230 | 14.6% |
Top Export Markets for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol from China in 2022:
- India (3.3K tons)
- Switzerland (1.4K tons)
- Singapore (1.3K tons)
- Mexico (1.3K tons)
- United States (1.0K tons)
- Spain (1.0K tons)
- Netherlands (0.9K tons)
- Indonesia (0.7K tons)
- United Kingdom (0.7K tons)
- Germany (0.7K tons)
- Japan (0.5K tons)
- Belgium (0.3K tons)
- South Korea (0.2K tons)
Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in China
In 2022, imports of alcohols; aromatic and derivatives, other than benzyl alcohol into China declined markedly to 2.4K tons, which is down by -33% compared with the year before. In general, imports saw a deep slump. The growth pace was the most rapid in 2021 when imports increased by 18% against the previous year. As a result, imports reached the peak of 3.6K tons, and then fell rapidly in the following year.
In value terms, imports of alcohols; aromatic and derivatives, other than benzyl alcohol shrank rapidly to $14M in 2022. Over the period under review, imports saw a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 4.4%. As a result, imports reached the peak of $20M, and then reduced remarkably in the following year.
| Import of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 14.5 | 13.9 | 15.1 | 11.1 | -8.5% |
| India | 1.2 | 1.9 | 2.8 | 1.3 | 2.7% |
| Others | 3.6 | 3.2 | 1.9 | 1.8 | -20.6% |
| Total | 19.3 | 19.0 | 19.8 | 14.2 | -9.7% |
Top Suppliers of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol to China in 2022:
- Japan (2278.0 tons)
- India (94.3 tons)
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