Asia-Pacific: Alcohols Market 2024

Alcohols Market Size in Asia-Pacific

In 2020, the Asia-Pacific alcohols market decreased by X% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2020; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. 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-Pacific

In value terms, alcohols production expanded sharply to $X in 2020 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2020, production growth remained at a somewhat lower figure.

Alcohols Exports

Exports in Asia-Pacific

In 2020, overseas shipments of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by X% to X tons for the first time since 2016, thus ending a three-year rising trend. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019, and then reduced in the following year.

In value terms, alcohols exports shrank to $X in 2020. Overall, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) and Taiwan (Chinese) (X tons) represented roughly X% of total exports in 2020. It was distantly followed by Singapore (X tons), Indonesia (X tons), China (X tons), South Korea (X tons) and Japan (X tons), together comprising a X% share of total exports.

From 2012 to 2020, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Singapore ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of exports in 2020, with a combined X% share of total exports.

Among the main exporting countries, China, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2020, reducing by X% against the previous year. Over the period under review, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2020, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Malaysia ($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-Pacific

In 2020, the amount of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives imported in Asia-Pacific shrank to X tons, with a decrease of X% compared with 2019. 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%. As a result, imports reached the peak of X tons, and then dropped slightly in the following year.

In value terms, alcohols imports reduced to $X in 2020. Overall, imports showed a mild shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain momentum.

Imports by Country

China prevails in imports structure, accounting for X tons, which was approx. X% of total imports in 2020. India (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%) and Taiwan (Chinese) (X%). The following importers - Japan (X tons), Indonesia (X tons), Thailand (X tons) and Singapore (X tons) - together made up X% of total imports.

China was also the fastest-growing in terms of the alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives imports, with a CAGR of X% from 2012 to 2020. At the same time, Indonesia (X%), India (X%), Thailand (X%), South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. By contrast, Singapore (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2020, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, alcohols imports remained relatively stable over the period from 2012-2020. 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-Pacific amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Singapore ($X per ton) and Japan ($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

Frequently Asked Questions (FAQ) :