Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the United States - 2023

Contents:

1. Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the United States (CIF) - 2023
2. Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the United States (FOB) - 2022
3. Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the United States
4. Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the United States

Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the United States (CIF) - 2023

The average import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol stood at $1,858 per ton in December 2023, growing by 12% against the previous month. In general, the import price, however, saw a pronounced decline. Over the period under review, average import prices attained the maximum at $2,980 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($4,158 per ton), while the price for India ($1,566 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the United States (FOB) - 2022

In 2022, the average export price for alcohols; aromatic alcohols and derivatives, benzyl alcohol amounted to $4,815 per ton, picking up by 8% against the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for alcohols; aromatic alcohols and derivatives, benzyl alcohol increased by +99.9% against 2017 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 27% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Ireland ($12,243 per ton), while the average price for exports to Germany ($2,522 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 Honduras (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the United States

In 2022, the amount of alcohols; aromatic alcohols and derivatives, benzyl alcohol imported into the United States rose notably to 19K tons, surging by 12% on the previous year's figure. The total import volume increased at an average annual rate of +13.5% over the period from 2019 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 2020 when imports increased by 26% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol skyrocketed to $39M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.7% 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 +63.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol to the United States in 2022:

1. Germany (8.1K tons)
2. India (6.5K tons)
3. Netherlands (3.5K tons)
4. China (1.2K tons)

Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the United States

In 2022, the amount of alcohols; aromatic alcohols and derivatives, benzyl alcohol exported from the United States rose rapidly to 2.6K tons, picking up by 5.7% on 2021 figures. The total export volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 13% against the previous year. As a result, the exports reached the peak of 2.8K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of alcohols; aromatic alcohols and derivatives, benzyl alcohol rose remarkably to $13M in 2022. The total export value increased at an average annual rate of +10.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol from the United States in 2022:

1. Canada (1132.9 tons)
2. Mexico (432.1 tons)
3. South Korea (150.1 tons)
4. Poland (103.0 tons)
5. Ireland (91.5 tons)
6. Thailand (84.2 tons)
7. Brazil (77.7 tons)
8. Germany (75.7 tons)
9. Belgium (68.1 tons)
10. India (52.3 tons)
11. China (47.5 tons)

Source: IndexBox Market Intelligence Platform