Global Alcohols Market 2024

Alcohols Market Size

The global alcohols market expanded to $X in 2020, picking up by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the market value increased by X%. Global consumption peaked at $X in 2013; however, from 2014 to 2020, consumption failed to regain momentum.

Alcohols Production

In value terms, alcohols production fell slightly to $X in 2020 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X%. Global production peaked at $X in 2013; however, from 2014 to 2020, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Alcohols Exports

Exports

After two years of growth, shipments abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by X% to X tons in 2020. The total export volume increased at an average annual rate of X% from 2012 to 2020; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the global exports hit record highs at X tons in 2019, and then declined in the following year.

In value terms, alcohols exports dropped markedly to $X in 2020. In general, exports recorded a perceptible slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The global exports peaked at $X in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

Exports by Country

In 2020, Saudi Arabia (X tons), distantly followed by Trinidad and Tobago (X tons), the United States (X tons), Oman (X tons), Iran (X tons) and the Netherlands (X tons) were the largest exporters of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, together making up X% of total exports. Malaysia (X tons), Canada (X tons), Taiwan (Chinese) (X tons), Russia (X tons), Germany (X tons), Singapore (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2020, average annual rates of growth with regard to alcohols exports from Saudi Arabia stood at X%. At the same time, the United Arab Emirates (X%), the United States (X%), Oman (X%), Canada (X%), Taiwan (Chinese) (X%), Malaysia (X%) and Trinidad and Tobago (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2020. Russia and Iran experienced a relatively flat trend pattern. By contrast, the Netherlands (X%), Singapore (X%) and Germany (X%) illustrated a downward trend over the same period. The United States (X p.p.), Oman (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the global exports, while Germany saw its share reduced by X% from 2012 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), the United States ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2020, with a combined X% share of global exports. The Netherlands, Singapore, Taiwan (Chinese), Trinidad and Tobago, Malaysia, Iran, Oman, Canada, Russia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, reducing by X% against the previous year. In general, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other global leaders experienced a decline in the export price figures.

Alcohols Imports

Imports

For the ninth year in a row, the global market recorded growth in purchases abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, which increased by X% to X tons in 2020. The total import volume increased at an average annual rate of X% over the period from 2012 to 2020; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of X%. Global imports peaked in 2020 and are likely to see steady growth in years to come.

In value terms, alcohols imports fell to $X in 2020. Overall, imports, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, global imports hit record highs at $X in 2013; however, from 2014 to 2020, imports failed to regain momentum.

Imports by Country

China represented the major importing country with an import of around X tons, which reached X% of total imports. The United States (X tons) held the second position in the ranking, followed by India (X tons) and South Korea (X tons). All these countries together took near X% share of total imports. The following importers - the Netherlands (X tons), Germany (X tons), Taiwan (Chinese) (X tons), Brazil (X tons), Japan (X tons), Belgium (X tons), Indonesia (X tons), Turkey (X tons) and Thailand (X tons) - together made up X% of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2020. At the same time, Brazil (X%), Indonesia (X%), Turkey (X%), India (X%), Thailand (X%), South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2020. By contrast, the Netherlands (X%), Germany (X%), the United States (X%), Belgium (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the global imports from 2012-2020, the share of Japan (X p.p.), the Netherlands (X p.p.) and the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives worldwide, comprising X% of global imports. The second position in the ranking was taken by the United States ($X), with a X% share of global imports. It was followed by India, with a X% share.

In China, alcohols imports remained relatively stable over the period from 2012-2020. The remaining importing countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price showed a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Germany ($X per ton) and Turkey ($X per ton), while Brazil ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :