Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in China - 2023
Contents:
- Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in China (FOB) - 2023
- Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in China (CIF) - 2022
- Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in China
- Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in China
Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in China (FOB) - 2023
In December 2023, the average export price for alcohols; aromatic alcohols and derivatives, benzyl alcohol amounted to $1,880 per ton, remaining relatively unchanged against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2023 when the average export price increased by 12% month-to-month. As a result, the export price reached the peak level of $2,018 per ton. From November 2023 to December 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In December 2023, the highest price was recorded for prices to Germany ($2,247 per ton) and Indonesia ($1,811 per ton), while the average price for exports to the Netherlands ($1,560 per ton) and Italy ($1,572 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 Germany (+1.5%), while the prices for the other major destinations experienced a decline.
Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in China (CIF) - 2022
In 2022, the average import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol amounted to $4,112 per ton, increasing by 44% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol increased by +38.2% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($12,737 per ton), while the price for the Netherlands ($3,523 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in China
In 2022, approx. 25K tons of alcohols; aromatic alcohols and derivatives, benzyl alcohol were exported from China; picking up by 18% against the year before. The total export volume increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. As a result, the exports attained the peak of 26K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of alcohols; aromatic alcohols and derivatives, benzyl alcohol surged to $64M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.4% 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 +97.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.7 | 3.7 | 5.9 | 6.8 | 22.5% |
| South Korea | 2.8 | 3.3 | 4.4 | 4.5 | 17.1% |
| Brazil | 1.5 | 2.1 | 0.7 | 4.2 | 40.9% |
| Netherlands | 2.1 | 1.5 | 2.2 | 3.8 | 21.9% |
| United States | 3.5 | 4.3 | 3.4 | 3.7 | 1.9% |
| Italy | 1.4 | 1.0 | 1.6 | 3.6 | 37.0% |
| Mexico | 2.0 | 6.8 | 2.5 | 3.6 | 21.6% |
| United Kingdom | 1.0 | 1.6 | 1.6 | 2.7 | 39.2% |
| Russia | 0.8 | 0.6 | 1.6 | 2.5 | 46.2% |
| Turkey | 0.4 | 0.6 | 0.4 | 2.4 | 81.7% |
| Singapore | 1.9 | 2.3 | 2.4 | 2.2 | 5.0% |
| Thailand | 0.6 | 1.3 | 1.4 | 2.1 | 51.8% |
| Germany | 1.1 | 0.8 | 0.9 | 1.7 | 15.6% |
| Others | 9.4 | 13.9 | 13.6 | 19.8 | 28.2% |
| Total | 32.3 | 44.0 | 42.7 | 63.5 | 25.3% |
Top Export Markets for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol from China in 2022:
- Japan (2.8K tons)
- Brazil (1.9K tons)
- South Korea (1.9K tons)
- Netherlands (1.7K tons)
- Italy (1.6K tons)
- Mexico (1.6K tons)
- Turkey (1.1K tons)
- United Kingdom (1.1K tons)
- Russia (1.0K tons)
- Thailand (0.9K tons)
- Singapore (0.7K tons)
- United States (0.7K tons)
- Germany (0.6K tons)
Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in China
In 2022, after three years of growth, there was significant decline in purchases abroad of alcohols; aromatic alcohols and derivatives, benzyl alcohol, when their volume decreased by -45.6% to 1K tons. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 46% against the previous year.
In value terms, imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol reduced dramatically to $4.2M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.5% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 34% against the previous year.
| Import of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.8 | 1.2 | 2.1 | 1.9 | 33.4% |
| Germany | 0.9 | 0.9 | 1.5 | 1.2 | 10.1% |
| Netherlands | 0.8 | 1.2 | 1.2 | 0.6 | -9.1% |
| United States | 0.3 | 0.5 | 0.6 | 0.4 | 10.1% |
| Others | 0.2 | 0.3 | 0.1 | N/A | -29.3% |
| Total | 3.1 | 4.2 | 5.4 | 4.2 | 10.7% |
Top Suppliers of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol to China in 2022:
- India (534.5 tons)
- Germany (267.2 tons)
- Netherlands (183.8 tons)
- United States (30.1 tons)
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