Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in India - 2023
Contents:
- Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in India (FOB) - 2022
- Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in India (CIF) - 2023
- Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in India
- Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in India
Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in India (FOB) - 2022
The average export price for alcohols; aromatic alcohols and derivatives, benzyl alcohol stood at $2,302 per ton in 2022, with an increase of 34% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for alcohols; aromatic alcohols and derivatives, benzyl alcohol increased by +67.7% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 Egypt ($2,927 per ton), while the average price for exports to Australia ($1,771 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 the Netherlands (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in India (CIF) - 2023
In November 2023, the average import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol amounted to $2,841 per ton, dropping by -61.1% against the previous month. Over the period under review, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 730% month-to-month. Over the period under review, average import prices hit record highs at $33,146 per ton in December 2022; however, from January 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($41,817 per ton), while the price for China ($1,777 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.6%), while the prices for the other major suppliers experienced a decline.
Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in India
In 2022, after three years of growth, there was significant decline in shipments abroad of alcohols; aromatic alcohols and derivatives, benzyl alcohol, when their volume decreased by -18.8% to 21K tons. The total export volume increased at an average annual rate of +2.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, the exports attained the peak of 26K tons, and then declined significantly in the following year.
In value terms, exports of alcohols; aromatic alcohols and derivatives, benzyl alcohol expanded markedly to $49M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.2% 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 +78.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 50% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.
| Export of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.6 | 8.9 | 11.1 | 13.0 | 14.8% |
| Japan | 3.7 | 3.4 | 5.6 | 6.2 | 18.8% |
| Brazil | 0.4 | 1.2 | 3.8 | 4.5 | 124.1% |
| South Korea | 2.1 | 3.1 | 5.6 | 4.0 | 24.0% |
| Netherlands | 1.3 | 0.9 | 1.8 | 2.9 | 30.7% |
| United Arab Emirates | 0.9 | 0.9 | 1.5 | 2.2 | 34.7% |
| Canada | 0.2 | 0.3 | 0.5 | 1.7 | 104.1% |
| Turkey | 0.4 | 0.3 | 0.7 | 1.4 | 51.8% |
| Egypt | 0.8 | 0.5 | 0.8 | 1.4 | 20.5% |
| China | 1.1 | 1.3 | 1.6 | 1.1 | 0.0% |
| Germany | 0.2 | 1.2 | 0.9 | 1.0 | 71.0% |
| Saudi Arabia | 0.3 | 0.1 | 0.2 | 0.8 | 38.7% |
| Australia | 0.3 | 0.3 | 0.6 | 0.7 | 32.6% |
| Others | 7.0 | 7.3 | 10.1 | 8.0 | 4.6% |
| Total | 27.4 | 29.8 | 44.8 | 48.7 | 21.1% |
Top Export Markets for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol from India in 2022:
- United States (6.0K tons)
- Japan (2.6K tons)
- Brazil (1.9K tons)
- South Korea (1.7K tons)
- Netherlands (1.3K tons)
- Canada (0.9K tons)
- United Arab Emirates (0.9K tons)
- Turkey (0.6K tons)
- Egypt (0.5K tons)
- China (0.5K tons)
- Germany (0.5K tons)
- Australia (0.4K tons)
- Saudi Arabia (0.3K tons)
Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in India
In 2022, the amount of alcohols; aromatic alcohols and derivatives, benzyl alcohol imported into India dropped to 377 tons, with a decrease of -1.7% compared with the year before. Overall, imports saw a deep downturn.
In value terms, imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol soared to $2.3M in 2022. In general, imports saw a noticeable descent.
| Import of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 643 | 1,251 | 565 | 950 | 13.9% |
| China | 323 | 384 | 252 | 614 | 23.9% |
| Netherlands | 837 | 700 | 670 | 553 | -12.9% |
| United States | 426 | 201 | 118 | 111 | -36.1% |
| Spain | 112 | 60.5 | 59.3 | 23.9 | -40.2% |
| South Korea | 5.4 | 1.3 | 58.3 | N/A | 228.6% |
| Thailand | 65.4 | N/A | N/A | N/A | 0% |
| Others | 59.5 | 59.2 | 68.0 | 60.4 | 0.5% |
| Total | 2,471 | 2,656 | 1,790 | 2,313 | -2.2% |
Top Suppliers of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol to India in 2022:
- China (203.6 tons)
- Netherlands (139.6 tons)
- Germany (24.4 tons)
- United States (5.2 tons)
- Spain (3.3 tons)
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