Price for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in the United States - 2023
Contents:
- Price for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in the United States (CIF) - 2023
- Price for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in the United States (FOB) - 2022
- Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in the United States
- Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in the United States
Price for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in the United States (CIF) - 2023
In December 2023, the average import price for aldehydes; cyclic, without other oxygen function, benzaldehydes amounted to $11,664 per ton, waning by -51.7% against the previous month. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in October 2023 an increase of 242% month-to-month. Over the period under review, average import prices hit record highs at $44,375 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($40,800 per ton), while the price for India ($2,110 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 Belgium (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in the United States (FOB) - 2022
In 2022, the average export price for aldehydes; cyclic, without other oxygen function, benzaldehydes amounted to $4,193 per ton, picking up by 3.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2017 an increase of 27% against the previous year. As a result, the export price reached the peak level of $5,010 per ton. From 2018 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 Brazil ($6,532 per ton), while the average price for exports to India ($1,703 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 Mexico (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in the United States
In 2022, overseas purchases of aldehydes; cyclic, without other oxygen function, benzaldehydes decreased by -15.3% to 1.8K tons, falling for the second consecutive year after two years of growth. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 38%. As a result, imports reached the peak of 2.5K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of aldehydes; cyclic, without other oxygen function, benzaldehydes skyrocketed to $30M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.8 | 15.4 | 16.9 | 19.6 | 15.3% |
| Malaysia | N/A | 1.1 | 1.0 | 4.8 | 108.9% |
| India | 1.9 | 1.4 | 2.5 | 1.9 | 0.0% |
| Mexico | 2.4 | 0.5 | 2.5 | 1.0 | -25.3% |
| Netherlands | 0.8 | 3.3 | 0.7 | 0.8 | 0.0% |
| Belgium | 1.1 | 0.6 | 0.8 | 0.7 | -14.0% |
| Others | 0.6 | 0.6 | 0.5 | 1.3 | 29.4% |
| Total | 19.5 | 22.9 | 24.9 | 30.1 | 15.6% |
Top Suppliers of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde to the United States in 2022:
- India (757.4 tons)
- China (318.1 tons)
- Belgium (301.2 tons)
- Netherlands (295.8 tons)
- Malaysia (63.8 tons)
- Mexico (33.2 tons)
Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in the United States
In 2022, exports of aldehydes; cyclic, without other oxygen function, benzaldehydes from the United States contracted to 816 tons, which is down by -14.8% on the previous year. The total export volume increased at an average annual rate of +3.4% 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 2021 with an increase of 39% against the previous year. As a result, the exports reached the peak of 958 tons, and then dropped in the following year.
In value terms, exports of aldehydes; cyclic, without other oxygen function, benzaldehydes reduced to $3.4M in 2022. The total export value increased at an average annual rate of +3.0% 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 2021 with an increase of 49%. As a result, the exports reached the peak of $3.9M, and then fell in the following year.
| Export of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 733 | 675 | 1,658 | 1,353 | 22.7% |
| Canada | 551 | 602 | 742 | 640 | 5.1% |
| Netherlands | 431 | 424 | 480 | 382 | -3.9% |
| Brazil | 36.2 | 67.3 | 45.4 | 186 | 72.6% |
| Indonesia | 125 | 139 | 95.9 | 102 | -6.6% |
| Singapore | 83.7 | 84.4 | 90.1 | 91.4 | 3.0% |
| United Kingdom | 304 | 5.4 | 102 | 66.4 | -39.8% |
| India | 37.7 | 4.1 | 23.9 | 40.7 | 2.6% |
| Belgium | 232 | N/A | N/A | N/A | 0% |
| Others | 599 | 611 | 655 | 558 | -2.3% |
| Total | 3,132 | 2,613 | 3,892 | 3,420 | 3.0% |
Top Export Markets for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde from the United States in 2022:
- Mexico (293.8 tons)
- Canada (291.5 tons)
- Netherlands (73.9 tons)
- Brazil (28.5 tons)
- India (23.9 tons)
- Singapore (22.4 tons)
- Indonesia (20.8 tons)
- United Kingdom (8.9 tons)
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