Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in India - 2023
Contents:
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in India (CIF) - 2022
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in India (FOB) - 2022
- Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in India
- Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in India
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in India (CIF) - 2022
In 2022, the average import price for alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $23,001 per ton, surging by 17% against the previous year. In general, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 34% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($22,561 per ton), while the price for Japan ($12,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in India (FOB) - 2022
The average export price for alcohols; aromatic and derivatives, other than benzyl alcohol stood at $13,526 per ton in 2022, surging by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2018 when the average export price increased by 30% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($21,470 per ton), while the average price for exports to the UK ($3,437 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 Ireland (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in India
In 2022, approx. 2.7K tons of alcohols; aromatic and derivatives, other than benzyl alcohol were imported into India; with an increase of 19% against the previous year's figure. The total import volume increased at an average annual rate of +5.6% 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 imports increased by 27%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of alcohols; aromatic and derivatives, other than benzyl alcohol soared to $62M in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 64% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 33.2 | 24.9 | 40.6 | 58.8 | 21.0% |
| United States | 0.7 | 0.7 | 0.9 | 0.7 | 0.0% |
| Others | 1.5 | 1.5 | 3.0 | 2.9 | 24.6% |
| Total | 35.4 | 27.2 | 44.5 | 62.4 | 20.8% |
Top Suppliers of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol to India in 2022:
- China (2604.6 tons)
- United States (52.3 tons)
Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in India
In 2022, overseas shipments of alcohols; aromatic and derivatives, other than benzyl alcohol decreased by -25.2% to 2.8K tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by 0.5% against the previous year. As a result, the exports reached the peak of 5K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of alcohols; aromatic and derivatives, other than benzyl alcohol shrank to $38M in 2022. In general, exports continue to indicate a abrupt slump. The smallest decline of -6.1% was in 2021.
| Export of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.1 | 10.3 | 8.9 | 8.9 | -0.7% |
| Brazil | 4.8 | 3.8 | 5.1 | 5.4 | 4.0% |
| Spain | 6.4 | 5.8 | 3.9 | 2.8 | -24.1% |
| Singapore | 1.7 | 1.1 | 1.5 | 1.8 | 1.9% |
| Mexico | 2.6 | 0.9 | 1.3 | 1.7 | -13.2% |
| Italy | 3.4 | 2.0 | 2.0 | 1.6 | -22.2% |
| Portugal | 1.7 | 0.4 | 0.5 | 1.5 | -4.1% |
| China | 2.9 | 2.0 | 1.7 | 1.3 | -23.5% |
| Ireland | 0.9 | 0.6 | 0.8 | 1.2 | 10.1% |
| Belgium | 0.4 | 0.4 | 1.8 | 1.1 | 40.1% |
| Thailand | 2.4 | 1.6 | 1.7 | 1.0 | -25.3% |
| Germany | 1.2 | 1.5 | 1.2 | 0.7 | -16.4% |
| United Kingdom | 3.4 | 1.7 | 1.3 | 0.2 | -61.1% |
| Others | 20.2 | 11.2 | 9.1 | 8.5 | -25.1% |
| Total | 61.1 | 43.4 | 40.7 | 37.9 | -14.7% |
Top Export Markets for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol from India in 2022:
- United States (889.5 tons)
- Spain (420.0 tons)
- Brazil (252.7 tons)
- Germany (193.2 tons)
- Italy (111.6 tons)
- Singapore (108.0 tons)
- Mexico (86.5 tons)
- Portugal (85.2 tons)
- Belgium (73.6 tons)
- China (71.4 tons)
- United Kingdom (67.5 tons)
- Ireland (64.0 tons)
- Thailand (52.0 tons)
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This report provides an in-depth analysis of the aromatic alcohols market in India.
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