Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in China - 2023
Contents:
- Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in China (CIF) - 2023
- Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in China (FOB) - 2023
- Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in China
- Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in China
Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in China (CIF) - 2023
In December 2023, the average import price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol amounted to $11,513 per ton, almost unchanged from the previous month. In general, the import price saw a slight shrinkage. The growth pace was the most rapid in February 2023 an increase of 2% m-o-m. The import price peaked at $14,178 per ton in March 2023; however, from April 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was India ($12,951 per ton), while the price for Germany ($10,211 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by India (-0.5%), while the prices for the other major suppliers experienced a decline.
Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in China (FOB) - 2023
The average export price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol stood at $12,805 per ton in December 2023, which is down by -6.5% against the previous month. Overall, the export price continues to indicate a mild contraction. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 6% month-to-month. The export price peaked at $15,764 per ton in January 2023; however, from February 2023 to December 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In December 2023, the highest price was recorded for prices to Nigeria ($15,796 per ton) and Hong Kong SAR ($15,695 per ton), while the average price for exports to India ($10,808 per ton) and Taiwan (Chinese) ($14,187 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (-0.3%), while the prices for the other major destinations experienced a decline.
Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in China
Imports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol into China fell markedly to 15K tons in 2022, which is down by -30.5% compared with 2021 figures. Over the period under review, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. As a result, imports reached the peak of 21K tons, and then shrank dramatically in the following year.
In value terms, imports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol reduced notably to $211M in 2022. In general, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year.
| Import of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 301 | 198 | 247 | 158 | -19.3% |
| Malaysia | 11.8 | 22.2 | 37.3 | 33.7 | 41.9% |
| Germany | 23.2 | 19.1 | 19.9 | 15.6 | -12.4% |
| Others | 10.4 | 10.2 | 6.3 | 4.4 | -24.9% |
| Total | 346 | 249 | 311 | 211 | -15.2% |
Top Suppliers of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol to China in 2022:
- India (10.9K tons)
- Malaysia (2.5K tons)
- Germany (1.3K tons)
Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in China
In 2022, approx. 6.1K tons of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol were exported from China; declining by -9.1% against the previous year. Over the period under review, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 6.8% against the previous year.
In value terms, exports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol shrank remarkably to $98M in 2022. Overall, exports recorded a abrupt contraction. The smallest decline of -11.4% was in 2021.
| Export of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 35.3 | 22.2 | 21.8 | 20.6 | -16.4% |
| Singapore | 23.3 | 15.8 | 15.0 | 14.0 | -15.6% |
| Indonesia | 25.8 | 17.2 | 17.1 | 13.9 | -18.6% |
| Hong Kong SAR | 16.9 | 6.0 | 8.3 | 6.5 | -27.3% |
| Pakistan | 10.1 | 8.2 | 7.1 | 5.5 | -18.3% |
| Philippines | 10.9 | 6.8 | 4.1 | 4.7 | -24.5% |
| Taiwan (Chinese) | 6.1 | 5.3 | 4.2 | 3.5 | -16.9% |
| Vietnam | 3.1 | 2.2 | 2.4 | 2.9 | -2.2% |
| Japan | 5.6 | 3.3 | 2.7 | 2.5 | -23.6% |
| Malaysia | 7.1 | 2.8 | 2.9 | 2.4 | -30.3% |
| Nigeria | 4.5 | 3.1 | 2.6 | 2.4 | -18.9% |
| South Korea | 4.0 | 2.5 | 2.6 | 2.4 | -15.7% |
| Myanmar | 0.9 | 3.1 | 2.5 | 2.2 | 34.7% |
| Others | 38.1 | 33.1 | 23.3 | 14.9 | -26.9% |
| Total | 192 | 132 | 117 | 98.5 | -19.9% |
Top Export Markets for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol from China in 2022:
- Thailand (1308.3 tons)
- Indonesia (871.0 tons)
- Singapore (864.1 tons)
- Hong Kong SAR (401.6 tons)
- Pakistan (342.2 tons)
- Philippines (296.6 tons)
- Taiwan (Chinese) (214.1 tons)
- Vietnam (174.3 tons)
- Japan (165.9 tons)
- Malaysia (149.3 tons)
- Nigeria (145.9 tons)
- Myanmar (142.5 tons)
- South Korea (139.8 tons)
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