Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Ethiopia - 2022

Contents:

  1. Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Ethiopia (CIF) - 2022
  2. Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Ethiopia

Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Ethiopia (CIF) - 2022

In 2022, the average import price for alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $9,758 per ton, picking up by 45% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 111% against the previous year. Over the period under review, average import prices hit record highs at $19,891 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($35,526 per ton), while the price for India ($8,867 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Ethiopia

After three years of growth, purchases abroad of alcohols; aromatic and derivatives, other than benzyl alcohol decreased by -29% to 1.8 tons in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 345% against the previous year.

In value terms, imports of alcohols; aromatic and derivatives, other than benzyl alcohol rose modestly to $17K in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 350% against the previous year. As a result, imports reached the peak of $18K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India2.011.13.313.086.6%
Belgium0.82.70.62.137.9%
Germany0.82.00.41.317.6%
South AfricaN/AN/A12.2N/A0%
Others0.41.90.20.826.0%
Total3.917.716.817.264.0%

Top Suppliers of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol to Ethiopia in 2022:

  1. India (1467.0 kg)
  2. Belgium (218.0 kg)
  3. Germany (58.0 kg)

Source: IndexBox Market Intelligence Platform

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