Global Aromatic Alcohols Market 2024

Aromatic Alcohols Market Size

After two years of decline, the global aromatic alcohols market increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market hit record highs in 2022 and is likely to continue growth in the immediate term.

Aromatic Alcohols Production

In value terms, aromatic alcohols production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Global production peaked in 2022 and is likely to see gradual growth in years to come.

Aromatic Alcohols Exports

Exports

In 2022, global exports of aromatic alcohols and their derivatives was estimated at X tons, surging by X% on the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the global exports remained at a lower figure.

In value terms, aromatic alcohols exports soared to $X in 2022. In general, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

In 2022, Saudi Arabia (X tons) represented the largest exporter of aromatic alcohols and their derivatives, making up X% of total exports. China (X tons) took the second position in the ranking, distantly followed by India (X tons), the Netherlands (X tons) and Germany (X tons). All these countries together took near X% share of total exports. The following exporters - the United States (X tons) and Japan (X tons) - each resulted at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to aromatic alcohols exports from Saudi Arabia stood at X%. At the same time, India (X%), China (X%), Japan (X%), the United States (X%) and Germany (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, the Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and India increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest aromatic alcohols supplying countries worldwide were China ($X), Saudi Arabia ($X) and India ($X), together accounting for X% of global exports.

In terms of 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 global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average aromatic alcohols export price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Aromatic Alcohols Imports

Imports

In 2022, the amount of aromatic alcohols and their derivatives imported worldwide skyrocketed to X tons, rising by X% compared with 2021 figures. Over the period under review, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, aromatic alcohols imports skyrocketed to $X in 2022. In general, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Oman was the major importer of aromatic alcohols and their derivatives in the world, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by the United States (X tons), creating a X% share of total imports. The following importers - Japan (X tons), Brazil (X tons), the UK (X tons), Spain (X tons), Germany (X tons), the Netherlands (X tons), South Korea (X tons), Italy (X tons), Mexico (X tons), Singapore (X tons) and China (X tons) - together made up X% of total imports.

Oman was also the fastest-growing in terms of the aromatic alcohols and their derivatives imports, with a CAGR of X% from 2012 to 2022. At the same time, Mexico (X%), Brazil (X%), the Netherlands (X%), the United States (X%), Japan (X%), Spain (X%), China (X%), South Korea (X%), the UK (X%) and Italy (X%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, Germany (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Oman ($X) constitutes the largest market for imported aromatic alcohols and their derivatives worldwide, comprising X% of global imports. The second position in the ranking was held by the United States ($X), with a X% share of global imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Oman amounted to X%. In the other countries, the average annual rates were as follows: the United States (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2022, the average aromatic alcohols import price amounted to $X per ton, reducing by X% against the previous year. Overall, the import price saw a mild setback. The growth pace was the most rapid in 2018 an increase of X%. Global import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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