Asia: Alcohols Market 2024

Alcohols Market Size in Asia

In 2020, the Asian alcohols market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2020, the growth of the market failed to regain momentum.

Alcohols Production in Asia

In value terms, alcohols production rose remarkably to $X in 2020 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production reached the maximum level in 2020 and is expected to retain growth in the immediate term.

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Alcohols Exports

Exports in Asia

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were exported in Asia; surging by X% compared with 2019. The total export volume increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The volume of export peaked in 2020 and is expected to retain growth in years to come.

In value terms, alcohols exports shrank to $X in 2020. Over the period under review, exports, however, continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

Exports by Country

Saudi Arabia was the main exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Oman (X tons), Iran (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons), together mixing up a X% share of total exports. Singapore (X tons), the United Arab Emirates (X tons), Kuwait (X tons), Indonesia (X tons), China (X tons), South Korea (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2012 to 2020, average annual rates of growth with regard to alcohols exports from Saudi Arabia stood at X%. At the same time, the United Arab Emirates (X%), China (X%), Oman (X%), Indonesia (X%), Taiwan (Chinese) (X%), Kuwait (X%), Malaysia (X%) and Japan (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2020. South Korea and Iran experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2020, the share of Oman, the United Arab Emirates and China increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest alcohols supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by Singapore, with an X% share.

From 2012 to 2020, the average annual rate of growth in terms of value in Saudi Arabia amounted to X%. In the other countries, the average annual rates were as follows: China (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2020, declining by X% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was China ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the export price figures.

Alcohols Imports

Imports in Asia

In 2020, the amount of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives imported in Asia reduced modestly to X tons, declining by X% on the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then fell modestly in the following year.

In value terms, alcohols imports contracted to $X in 2020. Over the period under review, imports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

China prevails in imports structure, resulting at X tons, which was near X% of total imports in 2020. India (X tons) took the second position in the ranking, followed by South Korea (X tons). All these countries together took approx. X% share of total imports. Taiwan (Chinese) (X tons), Japan (X tons), Indonesia (X tons), Turkey (X tons), Thailand (X tons), Singapore (X tons), Malaysia (X tons) and Vietnam (X tons) held a little share of total imports.

From 2012 to 2020, average annual rates of growth with regard to alcohols imports into China stood at X%. At the same time, Vietnam (X%), Indonesia (X%), Turkey (X%), Malaysia (X%), India (X%), Thailand (X%), South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2020. By contrast, Singapore (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2020, the share of South Korea (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in Asia, comprising X% of total imports. The second position in the ranking was held by India ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: India (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2020, the import price in Asia amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Singapore ($X per ton) and Vietnam ($X per ton), while China ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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