Alcohols; Polyhydric, Pentaerythritol Price in China - 2023
Contents:
- Alcohols; Polyhydric, Pentaerythritol Price in China (FOB) - 2023
- Alcohols; Polyhydric, Pentaerythritol Exports in China
Alcohols; Polyhydric, Pentaerythritol Price in China (FOB) - 2023
In March 2023, the average alcohols; polyhydric, pentaerythritol export price amounted to $1,596 per ton, rising by 3.4% against the previous month. Overall, the export price, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in December 2022 when the average export price increased by 13% against the previous month. Over the period under review, the average export prices hit record highs at $2,335 per ton in June 2022; however, from July 2022 to March 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In March 2023, the country with the highest price was Japan ($2,345 per ton), while the average price for exports to Portugal ($1,250 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.
Alcohols; Polyhydric, Pentaerythritol Exports in China
In 2022, approx. 60K tons of alcohols; polyhydric, pentaerythritol were exported from China; with a decrease of -9% compared with the previous year. The total export volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 39% against the previous year. As a result, the exports attained the peak of 66K tons, and then dropped in the following year.
In value terms, alcohols; polyhydric, pentaerythritol exports contracted to $123M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. As a result, the exports reached the peak of $129M, and then declined in the following year.
| Export of Alcohols; Polyhydric, Pentaerythritol in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 9.1 | 8.5 | 17.5 | 20.4 | 30.9% |
| Japan | 9.7 | 7.4 | 10.4 | 12.3 | 8.2% |
| Taiwan (Chinese) | 9.1 | 5.9 | 11.5 | 11.5 | 8.1% |
| United States | 5.7 | 3.8 | 8.7 | 9.8 | 19.8% |
| Brazil | 4.2 | 3.5 | 8.3 | 9.7 | 32.2% |
| Malaysia | 4.9 | 3.3 | 6.9 | 7.8 | 16.8% |
| Indonesia | 4.3 | 3.9 | 5.9 | 6.5 | 14.8% |
| Singapore | 2.0 | 1.4 | 3.7 | 5.6 | 40.9% |
| Thailand | 3.6 | 2.3 | 4.9 | 5.0 | 11.6% |
| Pakistan | 2.9 | 1.0 | 3.9 | 4.2 | 13.1% |
| India | 4.0 | 1.6 | 3.9 | 3.8 | -1.7% |
| Germany | 2.5 | 1.8 | 2.1 | 3.5 | 11.9% |
| Mexico | 1.9 | 1.6 | 3.0 | 2.7 | 12.4% |
| Others | 27.3 | 23.1 | 37.9 | 20.2 | -9.6% |
| Total | 91.3 | 69.0 | 129 | 123 | 10.4% |
Top Export Markets for Alcohols; Polyhydric, Pentaerythritol from China in 2022:
- South Korea (9.0K tons)
- Brazil (4.9K tons)
- Malaysia (3.9K tons)
- Taiwan (Chinese) (3.6K tons)
- Indonesia (3.5K tons)
- Japan (3.4K tons)
- United States (3.3K tons)
- Thailand (2.7K tons)
- Singapore (2.6K tons)
- India (2.4K tons)
- Pakistan (2.2K tons)
- Germany (1.7K tons)
- Mexico (1.6K tons)
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