Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Japan - 2023
Contents:
- Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Japan (CIF) - 2023
- Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Japan (FOB) - 2022
- Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Japan
- Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Japan
Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Japan (CIF) - 2023
The average import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol stood at $2,022 per ton in November 2023, remaining stable against the previous month. Over the period under review, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 12% m-o-m. Over the period under review, average import prices reached the peak figure at $2,810 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was the Netherlands ($2,497 per ton), while the price for India ($1,767 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 China (-1.3%), while the prices for the other major suppliers experienced a decline.
Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Japan (FOB) - 2022
The average export price for alcohols; aromatic alcohols and derivatives, benzyl alcohol stood at $13,911 per ton in 2022, growing by 6.1% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 52% against the previous year. The export price peaked at $23,729 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($89,430 per ton), while the average price for exports to the Philippines ($4,400 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 UK (+653.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Japan
In 2022, imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol into Japan totaled 7.6K tons, almost unchanged from the previous year's figure. The total import volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 6.4% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol soared to $20M in 2022. Over the period under review, total imports 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, imports increased by +78.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.7 | 3.8 | 4.6 | 7.5 | 26.6% |
| China | 3.9 | 3.9 | 5.8 | 7.0 | 21.5% |
| Netherlands | 3.3 | 3.4 | 3.6 | 5.4 | 17.8% |
| Others | 0.5 | 0.6 | 0.6 | 0.4 | -7.2% |
| Total | 11.4 | 11.7 | 14.5 | 20.3 | 21.2% |
Top Suppliers of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol to Japan in 2022:
- India (3.0K tons)
- China (2.8K tons)
- Netherlands (1.7K tons)
Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Japan
In 2022, approx. 7.7 tons of alcohols; aromatic alcohols and derivatives, benzyl alcohol were exported from Japan; remaining relatively unchanged against the year before. Over the period under review, exports, however, saw a sharp decline. The most prominent rate of growth was recorded in 2021 when exports increased by 15%.
In value terms, exports of alcohols; aromatic alcohols and derivatives, benzyl alcohol expanded sharply to $107K in 2022. Overall, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year.
| Export of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 40.9 | 42.9 | 37.9 | 45.2 | 3.4% |
| Italy | 4.5 | N/A | 4.8 | 17.9 | 58.4% |
| Taiwan (Chinese) | 137 | N/A | 13.4 | 13.0 | -54.4% |
| Singapore | 4.3 | 7.0 | 13.2 | 9.1 | 28.4% |
| Philippines | N/A | N/A | 21.7 | 5.5 | -74.7% |
| Thailand | N/A | 7.8 | N/A | 4.8 | -21.6% |
| China | 5.4 | N/A | 8.8 | 2.3 | -24.8% |
| Vietnam | 4.6 | N/A | N/A | N/A | 0% |
| Others | N/A | 7.5 | N/A | 8.8 | 8.3% |
| Total | 197 | 65.2 | 99.7 | 107 | -18.4% |
Top Export Markets for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol from Japan in 2022:
- South Korea (3459.0 kg)
- Singapore (1280.0 kg)
- Philippines (1260.0 kg)
- Taiwan (Chinese) (554.0 kg)
- Thailand (504.0 kg)
- China (306.0 kg)
- Italy (200.0 kg)
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This report provides an in-depth analysis of the aromatic alcohols market in Japan.
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This report provides an in-depth analysis of the aromatic alcohols market in Japan.
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