Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Switzerland - 2023

Contents:

1. Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Switzerland (FOB) - 2023
2. Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Switzerland (CIF) - 2023
3. Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Switzerland
4. Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Switzerland

Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Switzerland (FOB) - 2023

The average export price for alcohols; aromatic and derivatives, other than benzyl alcohol stood at $79,569 per ton in December 2023, surging by 87% against the previous month. Overall, the export price, however, recorded a deep contraction. The pace of growth was the most pronounced in May 2023 when the average export price increased by 289% month-to-month. The export price peaked at $298K per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was India ($248K per ton), while the average price for exports to the UK ($10,951 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Switzerland (CIF) - 2023

In December 2023, the average import price for alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $5,414 per ton, increasing by 13% against the previous month. Overall, the import price, however, showed a perceptible slump. The growth pace was the most rapid in May 2023 an increase of 232% m-o-m. As a result, import price attained the peak level of $16,964 per ton. From June 2023 to December 2023, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From December 2022 to December 2023, the rate of growth in terms of prices for China amounted to -2.6% per month.

Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Switzerland

For the fourth year in a row, Switzerland recorded growth in overseas shipments of alcohols; aromatic and derivatives, other than benzyl alcohol, which increased by 58% to 229 tons in 2022. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 70%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of alcohols; aromatic and derivatives, other than benzyl alcohol soared to $15M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol from Switzerland in 2022:

1. France (97.5 tons)
2. United States (18.9 tons)
3. Turkey (16.5 tons)
4. India (12.7 tons)
5. Germany (12.7 tons)
6. Singapore (12.5 tons)
7. Spain (11.6 tons)
8. United Kingdom (10.5 tons)
9. China (9.6 tons)

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

In 2022, purchases abroad of alcohols; aromatic and derivatives, other than benzyl alcohol decreased by -5.5% to 1.6K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 12%. As a result, imports attained the peak of 1.8K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of alcohols; aromatic and derivatives, other than benzyl alcohol rose significantly to $13M in 2022. The total import value increased at an average annual rate of +9.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

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

1. China (1539.3 tons)
2. United States (38.6 tons)

Source: IndexBox Market Intelligence Platform