Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the UK - 2023
Contents:
- Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the UK (CIF) - 2022
- Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the UK (FOB) - 2022
- Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the UK
- Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the UK
Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the UK (CIF) - 2022
In 2022, the average import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol amounted to $2,800 per ton, jumping by 42% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol increased by +72.7% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($3,094 per ton), while the price for India ($1,894 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the UK (FOB) - 2022
In 2022, the average export price for alcohols; aromatic alcohols and derivatives, benzyl alcohol amounted to $4,386 per ton, growing by 7.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 32% against the previous year. As a result, the export price attained the peak level of $5,569 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($6,801 per ton), while the average price for exports to Norway ($2,720 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 France (+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 the UK
In 2022, overseas purchases of alcohols; aromatic alcohols and derivatives, benzyl alcohol decreased by -6.9% to 5.6K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 15% against the previous year.
In value terms, imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol surged to $16M in 2022. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.1 | 2.7 | 4.6 | 5.5 | 37.8% |
| China | 1.0 | 1.7 | 1.5 | 4.2 | 61.3% |
| Netherlands | 3.6 | 2.2 | 2.8 | 3.9 | 2.7% |
| India | 1.0 | 0.8 | 1.7 | 1.5 | 14.5% |
| Belgium | 1.0 | 0.8 | 0.8 | 0.2 | -41.5% |
| Others | 0.3 | 0.2 | 0.5 | 0.4 | 10.1% |
| Total | 9.0 | 8.5 | 11.9 | 15.6 | 20.1% |
Top Suppliers of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol to the UK in 2022:
- Germany (1864.5 tons)
- Netherlands (1468.8 tons)
- China (1364.1 tons)
- India (796.3 tons)
- Belgium (49.9 tons)
Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the UK
In 2022, approx. 340 tons of alcohols; aromatic alcohols and derivatives, benzyl alcohol were exported from the UK; picking up by 8.8% compared with 2021. In general, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, the exports reached the peak of 664 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of alcohols; aromatic alcohols and derivatives, benzyl alcohol skyrocketed to $1.5M in 2022. Overall, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 17% against the previous year. As a result, the exports attained the peak of $2.1M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 142 | 341 | 175 | 285 | 26.1% |
| Italy | 275 | 281 | 237 | 269 | -0.7% |
| France | 474 | 195 | 185 | 206 | -24.3% |
| Germany | 194 | 317 | 161 | 138 | -10.7% |
| Turkey | 39.3 | 67.3 | 13.6 | 129 | 48.6% |
| Belgium | 64.5 | 152 | 59.2 | 92.6 | 12.8% |
| Norway | N/A | N/A | 99.9 | 57.1 | -42.8% |
| Ireland | 338 | 383 | 125 | 40.9 | -50.5% |
| Others | 271 | 361 | 221 | 272 | 0.1% |
| Total | 1,798 | 2,098 | 1,277 | 1,489 | -6.1% |
Top Export Markets for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol from the UK in 2022:
- Spain (66.6 tons)
- Italy (61.0 tons)
- Germany (41.4 tons)
- France (40.1 tons)
- Belgium (25.3 tons)
- Turkey (23.5 tons)
- Norway (21.0 tons)
- Ireland (6.0 tons)
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