Report Update: May 1, 2024

China - Industrial Fatty Alcohols - Market Analysis, Forecast, Size, Trends And Insights

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Industrial Fatty Alcohols Price in China - 2023

Industrial Fatty Alcohols Price in China (CIF) - 2023

In June 2023, the average industrial fatty alcohols import price amounted to $1,384 per ton, which is down by -10% against the previous month. Over the period under review, the import price recorded a deep downturn. The most prominent rate of growth was recorded in November 2022 an increase of 11% against the previous month. Over the period under review, average import prices hit record highs at $2,988 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($2,424 per ton), while the price for South Africa ($943 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Africa (+0.1%), while the prices for the other major suppliers experienced a decline.

Industrial Fatty Alcohols Price in China (FOB) - 2023

In June 2023, the average industrial fatty alcohols export price amounted to $2,086 per ton, reducing by -2.1% against the previous month. Over the period under review, the export price recorded a pronounced setback. The pace of growth was the most pronounced in January 2023 an increase of 22% month-to-month. Over the period under review, the average export prices reached the peak figure at $3,275 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Argentina ($2,650 per ton), while the average price for exports to Tanzania ($1,619 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.9%), while the prices for the other major destinations experienced a decline.

Industrial Fatty Alcohols Imports in China

In 2022, purchases abroad of industrial fatty alcohols increased by 13% to 468K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, industrial fatty alcohols imports surged to $968M in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 55%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Industrial Fatty Alcohols in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	272	287	480	584	29.0%
Malaysia	136	112	144	198	13.3%
Thailand	12.5	11.7	31.4	42.5	50.4%
South Africa	30.2	31.4	32.0	34.6	4.6%
United States	6.6	12.1	18.0	23.0	51.6%
Others	48.9	41.4	61.1	85.9	20.7%
Total	507	495	766	968	24.1%

Top Suppliers of Industrial Fatty Alcohols to China in 2022:

Indonesia (298.7K tons)
Malaysia (94.6K tons)
South Africa (27.7K tons)
Thailand (17.9K tons)
United States (8.6K tons)

Industrial Fatty Alcohols Exports in China

Industrial fatty alcohols exports from China dropped to 886 tons in 2022, shrinking by -12.5% compared with 2021 figures. Over the period under review, exports showed a deep contraction. The smallest decline of -0.5% was in 2020.

In value terms, industrial fatty alcohols exports totaled $2.3M in 2022. The total export value increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Export of Industrial Fatty Alcohols in China (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	N/A	9.4	N/A	1,249	1052.7%
Japan	856	622	964	207	-37.7%
Brazil	N/A	N/A	N/A	137	0%
Philippines	3.6	N/A	N/A	95.1	197.8%
Thailand	1.9	3.1	17.9	83.1	252.3%
Argentina	N/A	0.1	N/A	75.9	2655.0%
South Korea	5.3	5.1	152	63.0	128.2%
Uzbekistan	130	244	266	33.4	-36.4%
Germany	11.2	N/A	N/A	33.2	43.7%
India	183	33.5	51.7	8.3	-64.3%
Hong Kong SAR	45.4	N/A	N/A	N/A	0%
Taiwan (Chinese)	171	N/A	N/A	N/A	0%
Myanmar	147	N/A	N/A	N/A	0%
Others	380	1,025	809	304	-7.2%
Total	1,936	1,942	2,261	2,289	5.7%

Top Export Markets for Industrial Fatty Alcohols from China in 2022:

Russia (451.7 tons)
Japan (73.9 tons)
South Korea (50.8 tons)
Brazil (47.5 tons)
Philippines (30.3 tons)
Germany (29.8 tons)
Argentina (29.5 tons)
Thailand (28.9 tons)
Uzbekistan (19.2 tons)
India (5.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the industrial fatty alcohols market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20142100 - Industrial fatty alcohols

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023