Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Vietnam - 2022
Contents:
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Vietnam (CIF) - 2022
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Vietnam (FOB) - 2022
- Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Vietnam
- Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Vietnam
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Vietnam (CIF) - 2022
In 2022, the average import price for alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $7,895 per ton, waning by -30.7% against the previous year. Overall, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 an increase of 40%. As a result, import price reached the peak level of $11,394 per ton, and then reduced remarkably in the following year.
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 India ($39,200 per ton), while the price for the UK ($6,708 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.3%), 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 Vietnam (FOB) - 2022
In 2022, the average export price for alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $19,204 per ton, shrinking by -3.1% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 73%. As a result, the export price attained the peak level of $30,351 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +0.9% per year.
Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Vietnam
Imports of alcohols; aromatic and derivatives, other than benzyl alcohol into Vietnam surged to 79 tons in 2022, rising by 212% on the year before. Over the period under review, imports, however, saw a noticeable shrinkage.
In value terms, imports of alcohols; aromatic and derivatives, other than benzyl alcohol skyrocketed to $622K in 2022. In general, imports recorded a strong expansion.
| Import of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 350 | 643 | 16.1 | 389 | 3.6% |
| China | 121 | 200 | 173 | 117 | -1.1% |
| South Korea | 7.9 | 42.2 | 41.3 | 49.4 | 84.2% |
| Japan | 14.5 | 41.7 | 37.0 | 44.3 | 45.1% |
| Others | 36.9 | 28.8 | 20.5 | 22.7 | -15.0% |
| Total | 531 | 956 | 288 | 622 | 5.4% |
Top Suppliers of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol to Vietnam in 2022:
- United Kingdom (57.9 tons)
- China (11.3 tons)
- Japan (3.8 tons)
- South Korea (3.8 tons)
Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Vietnam
In 2022, shipments abroad of alcohols; aromatic and derivatives, other than benzyl alcohol was finally on the rise to reach 309 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a drastic downturn.
In value terms, exports of alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $5.9K in 2022. Overall, exports, however, continue to indicate a abrupt downturn.
| Export of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 8.1 | 6.6 | 5.3 | 5.9 | -10.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.1 | 6.6 | 5.3 | 5.9 | -10.0% |
Top Export Markets for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol from Vietnam in 2022:
- Singapore (309.0 kg)
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This report provides an in-depth analysis of the aromatic alcohols market in Vietnam.
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This report provides an in-depth analysis of the aromatic alcohols market in Vietnam.
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