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

Contents:

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

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

The average import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol stood at $3,103 per ton in 2022, with an increase of 22% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2016 an increase of 24%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

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 ($5,672 per ton), while the price for India ($2,247 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for alcohols; aromatic alcohols and derivatives, benzyl alcohol amounted to $3,632 per ton, surging by 33% against the previous year. Overall, the export price, however, continues to indicate a slight shrinkage. The export price peaked at $4,138 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 South Korea ($5,580 per ton), while the average price for exports to the Philippines ($3,130 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 South Korea (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of alcohols; aromatic alcohols and derivatives, benzyl alcohol decreased by -32.4% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 31%. As a result, imports attained the peak of 1.7K tons, and then declined sharply in the following year.

In value terms, imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol dropped sharply to $3.5M in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of $4.2M, and then reduced rapidly in the following year.

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

1. China (735.9 tons)
2. India (287.7 tons)
3. Germany (72.2 tons)
4. United States (31.9 tons)

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

After three years of growth, overseas shipments of alcohols; aromatic alcohols and derivatives, benzyl alcohol decreased by -40.5% to 62 tons in 2022. Over the period under review, exports showed a slight slump. The pace of growth was the most pronounced in 2020 when exports increased by 40%.

In value terms, exports of alcohols; aromatic alcohols and derivatives, benzyl alcohol reduced markedly to $224K in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 15%. As a result, the exports attained the peak of $282K, and then contracted significantly in the following year.

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

1. Indonesia (26.1 tons)
2. Malaysia (15.6 tons)
3. Thailand (6.6 tons)
4. Philippines (4.6 tons)
5. United Arab Emirates (3.2 tons)
6. South Korea (2.0 tons)
7. Australia (1.0 tons)
8. India (0.7 tons)
9. Vietnam (0.5 tons)
10. Bangladesh (0.4 tons)

Source: IndexBox Market Intelligence Platform