Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Myanmar - 2022
Contents:
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Myanmar (CIF) - 2022
- Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Myanmar
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Myanmar (CIF) - 2022
In 2022, the average import price for alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $3,600 per ton, rising by 29% against the previous year. Overall, the import price, however, saw a abrupt slump. The growth pace was the most rapid in 2018 when the average import price increased by 70% against the previous year. Over the period under review, average import prices reached the maximum at $10,079 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +21.7% per year.
Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Myanmar
In 2022, after three years of growth, there was significant decline in purchases abroad of alcohols; aromatic and derivatives, other than benzyl alcohol, when their volume decreased by -67.5% to 7 tons. In general, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 112% against the previous year. As a result, imports reached the peak of 22 tons, and then declined remarkably in the following year.
In value terms, imports of alcohols; aromatic and derivatives, other than benzyl alcohol shrank remarkably to $25K in 2022. Overall, imports faced a significant decline. The pace of growth was the most pronounced in 2020 with an increase of 64% against the previous year. As a result, imports attained the peak of $95K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | 1.6 | 52.8 | 25.2 | 125.4% |
| Malaysia | 52.7 | 92.8 | 7.0 | N/A | -63.6% |
| Others | 3.0 | 0.7 | 0.2 | N/A | -74.2% |
| Total | 57.9 | 95.0 | 60.1 | 25.2 | -24.2% |
Top Suppliers of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol to Myanmar in 2022:
- China (7.0 tons)
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