U.S.: Alcohols Market 2024

Alcohols Market Size in the U.S.

The U.S. alcohols market skyrocketed to $X in 2020, increasing by X% against the previous year. Over the period under review, consumption, however, saw a slight shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2020, consumption failed to regain momentum.

Alcohols Production in the U.S.

In value terms, alcohols production shrank to $X in 2020. Overall, the total production indicated a measured expansion from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X, and then reduced in the following year.

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Alcohols Exports

Exports from the U.S.

For the sixth year in a row, the United States recorded growth in shipments abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, which increased by X% to X tons in 2020. Overall, exports saw a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure in 2020 and are expected to retain growth in the near future.

In value terms, alcohols exports reached $X in 2020. Over the period under review, total exports indicated measured growth from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2020 and are expected to retain growth in years to come.

Exports by Country

South Korea (X tons) was the main destination for alcohols exports from the United States, accounting for a X% share of total exports. Moreover, alcohols exports to South Korea exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a X% share.

From 2012 to 2020, the average annual growth rate of volume to South Korea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Belgium (X% per year).

In value terms, South Korea ($X), Mexico ($X) and China ($X) were the largest markets for alcohols exported from the United States worldwide, together comprising X% of total exports. Belgium, Canada, Turkey, Brazil, the Netherlands, India, Taiwan (Chinese), the UK, Singapore and Argentina lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average alcohols export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced a decline.

Alcohols Imports

Imports into the U.S.

In 2020, alcohols imports into the United States surged to X tons, rising by X% against 2019 figures. Over the period under review, imports, however, continue to indicate a slight descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, alcohols imports soared to $X in 2020. In general, imports, however, continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Trinidad and Tobago (X tons), Canada (X tons) and Equatorial Guinea (X tons) were the main suppliers of alcohols imports to the United States, with a combined X% share of total imports. The Netherlands, Oman, Malaysia, Germany, Saudi Arabia and Bahrain lagged somewhat behind, together comprising a further X%.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest alcohols suppliers to the United States were Canada ($X), Trinidad and Tobago ($X) and Germany ($X), with a combined X% share of total imports.

Among the main suppliers, Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average alcohols import price stood at $X per ton in 2020, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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