Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Singapore - 2023
Contents:
- Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Singapore (FOB) - 2022
- Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Singapore (CIF) - 2022
- Exports of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Singapore
- Imports of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Singapore
Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Singapore (FOB) - 2022
The average export price for alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 stood at $1,406 per ton in 2022, jumping by 25% against the previous year. Overall, the export price, however, saw a deep reduction. The growth pace was the most rapid in 2021 when the average export price increased by 76%. The export price peaked at $3,329 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($11,630 per ton), while the average price for exports to Taiwan (Chinese) ($1,126 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.3%), while the prices for the other major destinations experienced a decline.
Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Singapore (CIF) - 2022
The average import price for alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 stood at $20,365 per ton in 2022, flattening at the previous year. Over the period under review, the import price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 an increase of 39% against the previous year. As a result, import price reached the peak level of $20,461 per ton, leveling off in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($41,912 per ton), while the price for Malaysia ($3,905 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Singapore
In 2022, after three years of growth, there was significant decline in overseas shipments of alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2, when their volume decreased by -20.7% to 213K tons. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 41%.
In value terms, exports of alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 declined slightly to $299M in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. As a result, the exports attained the peak of $303M, and then fell in the following year.
| Export of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 115 | 137 | 246 | 189 | 18.0% |
| Taiwan (Chinese) | 18.1 | 24.1 | 55.5 | 42.6 | 33.0% |
| Others | 3.0 | 1.0 | 1.4 | 67.8 | 182.7% |
| Total | 136 | 162 | 303 | 299 | 30.0% |
Top Export Markets for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 from Singapore in 2022:
- China (102.5K tons)
- Taiwan (Chinese) (37.8K tons)
Imports of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Singapore
In 2022, overseas purchases of alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 were finally on the rise to reach 662 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a abrupt curtailment.
In value terms, imports of alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 soared to $13M in 2022. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.2 | 3.8 | 2.0 | 3.4 | -18.1% |
| China | 1.7 | 2.9 | 3.4 | 2.7 | 16.7% |
| Mexico | 1.0 | 0.9 | 1.5 | 1.2 | 6.3% |
| Switzerland | 1.1 | 0.8 | 1.4 | 1.1 | 0.0% |
| Japan | 1.1 | 0.8 | 0.9 | 0.8 | -10.1% |
| India | 0.6 | 0.7 | 0.9 | 0.7 | 5.3% |
| France | 0.5 | 0.1 | N/A | 0.2 | -26.3% |
| Malaysia | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Others | 1.0 | 0.9 | 0.2 | 3.3 | 48.9% |
| Total | 13.2 | 10.8 | 10.6 | 13.5 | 0.8% |
Top Suppliers of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 to Singapore in 2022:
- Germany (343.1 tons)
- Switzerland (86.7 tons)
- India (69.9 tons)
- China (64.6 tons)
- Mexico (59.8 tons)
- Malaysia (38.0 tons)
- Japan (18.6 tons)
- France (10.6 tons)
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