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

Contents:

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

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

In December 2023, the average import price for alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $10,521 per ton, rising by 32% against the previous month. In general, import price indicated a measured increase from December 2022 to December 2023: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for alcohols; aromatic and derivatives, other than benzyl alcohol increased by +31.8% against November 2023 indices. The most prominent rate of growth was recorded in August 2023 an increase of 92% against the previous month. As a result, import price reached the peak level of $16,003 per ton. From September 2023 to December 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($24,051 per ton), while the price for India ($7,446 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by India (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for alcohols; aromatic and derivatives, other than benzyl alcohol stood at $16,735 per ton in 2022, increasing by 75% against the previous year. Over the period under review, the export price recorded a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($305,991 per ton), while the average price for exports to Argentina ($4,487 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 (+38.1%), 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 United States

In 2022, purchases abroad of alcohols; aromatic and derivatives, other than benzyl alcohol decreased by -15.7% to 1.8K tons, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 21%. As a result, imports reached the peak of 2.2K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of alcohols; aromatic and derivatives, other than benzyl alcohol contracted to $17M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, imports reached the peak of $18M, and then fell in the following year.

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

1. China (1037.2 tons)
2. India (726.0 tons)

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

In 2022, shipments abroad of alcohols; aromatic and derivatives, other than benzyl alcohol decreased by -24.6% to 812 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 8% against the previous year. As a result, the exports attained the peak of 1.1K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of alcohols; aromatic and derivatives, other than benzyl alcohol skyrocketed to $14M in 2022. The total export value increased at an average annual rate of +12.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Netherlands (196.6 tons)
2. Brazil (128.0 tons)
3. Canada (99.8 tons)
4. Germany (95.6 tons)
5. Mexico (62.7 tons)
6. Argentina (43.1 tons)
7. Singapore (36.1 tons)
8. Spain (33.1 tons)
9. India (18.4 tons)
10. South Korea (18.0 tons)
11. South Africa (14.8 tons)
12. Venezuela (13.5 tons)
13. Belgium (4.6 tons)

Source: IndexBox Market Intelligence Platform