Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Italy - 2023
Contents:
- Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Italy (CIF) - 2023
- Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Italy (FOB) - 2022
- Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Italy
- Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Italy
Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Italy (CIF) - 2023
The average import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol stood at $2,835 per ton in November 2023, surging by 31% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $3,490 per ton in September 2023; however, from October 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Spain ($7,149 per ton), while the price for China ($2,020 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by India (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Italy (FOB) - 2022
In 2022, the average export price for alcohols; aromatic alcohols and derivatives, benzyl alcohol amounted to $3,928 per ton, dropping by -25.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. As a result, the export price attained the peak level of $5,275 per ton, and then reduced remarkably in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($6,101 per ton), while the average price for exports to Brazil ($2,836 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Italy
Imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol into Italy rose remarkably to 3.8K tons in 2022, with an increase of 13% on 2021. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +6.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 51%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol soared to $11M in 2022. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 77% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.6 | 1.3 | 3.3 | 5.1 | 104.1% |
| China | 1.8 | 1.0 | 1.5 | 3.9 | 29.4% |
| India | 0.5 | 0.8 | 1.2 | 0.7 | 11.9% |
| Germany | 1.8 | 0.6 | 0.8 | 0.6 | -30.7% |
| United Kingdom | 0.4 | 0.3 | 0.2 | 0.3 | -9.1% |
| Others | 0.4 | 0.5 | 0.7 | 0.6 | 14.5% |
| Total | 5.5 | 4.4 | 7.8 | 11.2 | 26.8% |
Top Suppliers of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol to Italy in 2022:
- Netherlands (1778.8 tons)
- China (1437.5 tons)
- India (269.7 tons)
- Germany (98.3 tons)
- United Kingdom (60.3 tons)
Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Italy
In 2022, shipments abroad of alcohols; aromatic alcohols and derivatives, benzyl alcohol decreased by -25.3% to 148 tons, falling for the second year in a row after two years of growth. Overall, exports saw a perceptible curtailment. The growth pace was the most rapid in 2020 when exports increased by 34%. As a result, the exports reached the peak of 216 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of alcohols; aromatic alcohols and derivatives, benzyl alcohol dropped dramatically to $582K in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 33% against the previous year. As a result, the exports reached the peak of $1M, and then declined dramatically in the following year.
| Export of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | 97.9 | 206 | 110.4% |
| France | 106 | 146 | 120 | 125 | 5.6% |
| Estonia | 120 | 171 | 77.4 | 78.9 | -13.0% |
| Germany | 29.7 | 46.3 | 46.1 | 62.3 | 28.0% |
| Slovenia | 0.5 | 3.9 | 1.6 | 17.4 | 226.5% |
| Greece | 18.4 | 13.9 | 20.9 | 15.7 | -5.2% |
| Romania | 10.4 | 1.5 | 1.8 | 8.3 | -7.2% |
| Spain | 27.6 | 9.8 | 156 | 3.4 | -50.2% |
| United States | 36.6 | 63.2 | 60.0 | N/A | 28.0% |
| Canada | 34.9 | 75.0 | N/A | N/A | 114.9% |
| Others | 213 | 258 | 465 | 64.5 | -32.8% |
| Total | 598 | 788 | 1,046 | 582 | -0.9% |
Top Export Markets for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol from Italy in 2022:
- Russia (58.6 tons)
- France (33.3 tons)
- Estonia (21.8 tons)
- Germany (13.7 tons)
- Greece (4.3 tons)
- Slovenia (4.2 tons)
- Romania (2.3 tons)
- Spain (0.6 tons)
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