Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Hungary - 2023
Contents:
- Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Hungary (CIF) - 2022
- Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Hungary (FOB) - 2022
- Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Hungary
- Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Hungary
Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Hungary (CIF) - 2022
The average import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol stood at $3,322 per ton in 2022, jumping by 43% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 +89.8% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($3,622 per ton) and the Netherlands ($3,430 per ton), while the price for India ($2,611 per ton) and China ($2,653 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Hungary (FOB) - 2022
In 2022, the average export price for alcohols; aromatic alcohols and derivatives, benzyl alcohol amounted to $7,972 per ton, jumping by 18% against the previous year. Overall, the export price, however, continues to indicate a perceptible slump. The growth pace was the most rapid in 2015 when the average export price increased by 114% against the previous year. The export price peaked at $12,304 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($14,200 per ton), while the average price for exports to Serbia ($6,862 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 Poland (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Hungary
Imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol into Hungary skyrocketed to 723 tons in 2022, growing by 16% on the year before. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.4% 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 +56.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 35%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol skyrocketed to $2.4M in 2022. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 79% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 512 | 617 | 703 | 1,199 | 32.8% |
| Netherlands | 295 | 130 | 338 | 424 | 12.9% |
| China | 95.4 | 32.7 | 71.5 | 351 | 54.4% |
| Czech Republic | 37.5 | 5.5 | 204 | 176 | 67.4% |
| Belgium | 0.3 | 0.3 | 2.6 | 146 | 686.6% |
| India | 11.0 | 7.4 | N/A | 55.2 | 71.2% |
| United Kingdom | N/A | N/A | 31.6 | 41.1 | 30.1% |
| Others | 53.7 | 15.4 | 99.5 | 10.8 | -41.4% |
| Total | 1,005 | 808 | 1,450 | 2,403 | 33.7% |
Top Suppliers of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol to Hungary in 2022:
- Germany (331.0 tons)
- China (132.4 tons)
- Netherlands (123.5 tons)
- Czech Republic (57.8 tons)
- Belgium (43.0 tons)
- India (21.1 tons)
- United Kingdom (12.8 tons)
Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Hungary
In 2022, overseas shipments of alcohols; aromatic alcohols and derivatives, benzyl alcohol decreased by -26.7% to 913 kg, falling for the second consecutive year after two years of growth. Overall, exports saw a significant decrease. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. As a result, the exports attained the peak of 2.1 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 declined to $7.3K in 2022. Over the period under review, exports showed a noticeable reduction. The growth pace was the most rapid in 2020 with an increase of 48%. As a result, the exports reached the peak of $12K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 6.6 | 10.9 | 5.3 | 4.9 | -9.5% |
| Serbia | 0.5 | 0.6 | 2.7 | 1.2 | 33.9% |
| Greece | N/A | N/A | N/A | 0.6 | 0% |
| Lithuania | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Czech Republic | 0.7 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.3 | 0.4 | 0.1 | -20.6% |
| Total | 7.9 | 11.8 | 8.4 | 7.3 | -2.6% |
Top Export Markets for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol from Hungary in 2022:
- Poland (648.0 kg)
- Serbia (174.0 kg)
- Greece (50.0 kg)
- Lithuania (35.0 kg)
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