Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Pakistan - 2023

Contents:

  1. Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Pakistan (CIF) - 2022
  2. Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Pakistan

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

The average import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol stood at $3,307 per ton in 2022, dropping by -43.6% against the previous year. In general, the import price, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 303%. Over the period under review, average import prices hit record highs at $13,833 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($4,781 per ton), while the price for the Netherlands ($2,749 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the fourth consecutive year, Pakistan recorded growth in supplies from abroad of alcohols; aromatic alcohols and derivatives, benzyl alcohol, which increased by 132% to 304 tons in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol soared to $1M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.5% 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 +83.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China37550856373325.0%
Germany94.714510414715.8%
Netherlands62.557.874.797.315.9%
Others14.420.824.828.024.8%
Total5477327661,00522.5%

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

  1. China (232.2 tons)
  2. Netherlands (35.4 tons)
  3. Germany (30.7 tons)

Source: IndexBox Market Intelligence Platform

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