Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Indonesia - 2022

Contents:

1. Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Indonesia (CIF) - 2022
2. Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Indonesia (FOB) - 2022
3. Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Indonesia
4. Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Indonesia

Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Indonesia (CIF) - 2022

In March 2022, the average import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol amounted to $2,557 per ton, waning by -4.1% against the previous month. Overall, the import price, however, continues to indicate measured growth. The pace of growth was the most pronounced in January 2022 when the average import price increased by 85% m-o-m. As a result, import price attained the peak level of $4,337 per ton. From February 2022 to March 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Germany ($4,049 per ton), while the price for India ($2,370 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by India (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Indonesia (FOB) - 2022

The average export price for alcohols; aromatic alcohols and derivatives, benzyl alcohol stood at $1,255 per ton in 2022, dropping by -32% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2014 an increase of 14% against the previous year. The export price peaked at $5,148 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($3,688 per ton), while the average price for exports to Singapore ($866 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 Singapore (+5.6%), while the prices for the other major destinations experienced a decline.

Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Indonesia

In 2022, after three years of growth, there was significant decline in overseas purchases of alcohols; aromatic alcohols and derivatives, benzyl alcohol, when their volume decreased by -13.3% to 754 tons. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 8.4% against the previous year. As a result, imports reached the peak of 870 tons, and then reduced in the following year.

In value terms, imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol soared to $2.4M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +19.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol to Indonesia in 2022:

1. China (479.8 tons)
2. India (144.1 tons)
3. Germany (37.8 tons)
4. Singapore (22.0 tons)
5. Australia (13.8 tons)
6. United States (12.7 tons)

Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Indonesia

For the fourth consecutive year, Indonesia recorded growth in overseas shipments of alcohols; aromatic alcohols and derivatives, benzyl alcohol, which increased by 16% to 1.1 tons in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 243%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of alcohols; aromatic alcohols and derivatives, benzyl alcohol reduced notably to $1.4K in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 274%.

Top Export Markets for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol from Indonesia in 2022:

1. Singapore (610.0 kg)
2. India (405.0 kg)
3. Switzerland (64.0 kg)

Source: IndexBox Market Intelligence Platform