Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the UK - 2023

Contents:

  1. Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the UK (CIF) - 2023
  2. Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the UK (FOB) - 2022
  3. Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the UK
  4. Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the UK

Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the UK (CIF) - 2023

In November 2023, the average import price for alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $19,329 per ton, declining by -21.1% against the previous month. In general, the import price showed a noticeable slump. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 252% against the previous month. Over the period under review, average import prices reached the maximum at $69,879 per ton in January 2023; however, from February 2023 to November 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($27,960 per ton), while the price for India ($3,949 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 Belgium (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the UK (FOB) - 2022

The average export price for alcohols; aromatic and derivatives, other than benzyl alcohol stood at $12,106 per ton in 2022, reducing by -51.2% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 208%. As a result, the export price attained the peak level of $67,202 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($14,469 per ton), while the average price for exports to France ($3,559 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 India (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the UK

For the third year in a row, the UK recorded decline in overseas purchases of alcohols; aromatic and derivatives, other than benzyl alcohol, which decreased by -18.8% to 994 tons in 2022. Over the period under review, imports showed a abrupt descent. The smallest decline of -0.6% was in 2021.

In value terms, imports of alcohols; aromatic and derivatives, other than benzyl alcohol rose slightly to $25M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 30%. As a result, imports reached the peak of $31M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the UK (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China16.427.419.022.411.0%
Germany3.21.11.70.9-34.5%
India2.31.52.00.6-36.1%
SwitzerlandN/A0.20.60.441.4%
Others1.90.70.60.4-40.5%
Total23.830.923.824.91.5%

Top Suppliers of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol to the UK in 2022:

  1. China (800.0 tons)
  2. India (119.9 tons)
  3. Germany (35.3 tons)
  4. Switzerland (18.2 tons)

Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the UK

In 2022, after two years of decline, there was significant growth in overseas shipments of alcohols; aromatic and derivatives, other than benzyl alcohol, when their volume increased by 97% to 162 tons. Over the period under review, exports, however, faced a dramatic contraction.

In value terms, exports of alcohols; aromatic and derivatives, other than benzyl alcohol declined modestly to $2M in 2022. Overall, exports, however, faced a deep setback.

Export of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the UK (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy29.477.515.21,135238.0%
Switzerland232121106137-16.1%
Hungary10.611.35.3102112.7%
Germany64919213083.3-49.6%
France1,77869.785.862.1-67.3%
Netherlands6.039.545.056.0110.5%
Spain24364.044.028.8-50.9%
JapanN/A1,7431,1374.6-94.9%
Others627253469347-17.9%
Total3,5752,5712,0371,956-18.2%

Top Export Markets for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol from the UK in 2022:

  1. Italy (88.7 tons)
  2. France (17.5 tons)
  3. Hungary (10.8 tons)
  4. Switzerland (9.5 tons)
  5. Netherlands (8.8 tons)
  6. Germany (7.6 tons)
  7. Spain (6.1 tons)
  8. Japan (0.1 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Alcohols; aromatic and derivatives, other than benzyl alcohol - United Kingdom