Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the UK - 2023
Contents:
- Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the UK (CIF) - 2023
- Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the UK (FOB) - 2022
- Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the UK
- Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the UK
Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the UK (CIF) - 2023
The average import price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol stood at $15,208 per ton in December 2023, increasing by 21% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $17,021 per ton in April 2023; however, from May 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was Japan ($19,969 per ton), while the price for Germany ($13,471 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced a decline.
Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the UK (FOB) - 2022
In 2022, the average export price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol amounted to $17,990 per ton, with a decrease of -35.2% against the previous year. In general, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 51% against the previous year. The export price peaked at $42,661 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($41,390 per ton), while the average price for exports to Kuwait ($5,815 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 the Netherlands (-2.9%), while the prices for the other major destinations experienced a decline.
Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the UK
In 2022, purchases abroad of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol decreased by -6.1% to 728 tons, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 15%. As a result, imports reached the peak of 1.3K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol shrank to $11M in 2022. Overall, imports showed a precipitous contraction.
| Import of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.6 | 5.1 | 2.5 | 5.9 | 17.9% |
| India | 12.0 | 4.1 | 2.2 | 3.0 | -37.0% |
| Japan | 0.8 | 1.0 | 0.7 | 1.7 | 28.6% |
| China | 1.7 | 1.9 | 0.2 | 0.4 | -38.3% |
| France | 1.0 | 1.3 | 2.7 | N/A | 64.3% |
| Netherlands | 3.1 | 4.3 | 3.0 | N/A | -1.6% |
| Others | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Total | 22.4 | 17.9 | 11.4 | 11.1 | -20.9% |
Top Suppliers of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol to the UK in 2022:
- Germany (456.3 tons)
- India (160.0 tons)
- Japan (75.1 tons)
- China (29.2 tons)
- Netherlands (2.1 tons)
- France (0.8 tons)
Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the UK
In 2022, approx. 55 tons of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol were exported from the UK; jumping by 30% on 2021 figures. Overall, exports, however, faced a significant decline.
In value terms, exports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol fell rapidly to $995K in 2022. Over the period under review, exports, however, saw a dramatic descent. The pace of growth was the most pronounced in 2020 with an increase of 10%. As a result, the exports reached the peak of $6.8M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 697 | 1,040 | 202 | 165 | -38.1% |
| China | 108 | 755 | 3.5 | 116 | 2.4% |
| United States | 181 | 342 | 96.4 | 114 | -14.3% |
| France | 184 | 437 | 102 | 92.7 | -20.4% |
| Jordan | 91.3 | 140 | 84.9 | 88.5 | -1.0% |
| Italy | 2,204 | 2,402 | N/A | 63.4 | -69.4% |
| Kuwait | 47.5 | N/A | N/A | 48.0 | 0.3% |
| Barbados | 4.3 | 11.4 | 41.9 | 39.3 | 109.1% |
| Ireland | 15.6 | 106 | 67.7 | 37.1 | 33.5% |
| Guyana | 52.0 | 65.4 | 46.2 | 25.2 | -21.5% |
| South Africa | 3.8 | 16.1 | N/A | 23.2 | 82.8% |
| Spain | 304 | 338 | 28.5 | 17.7 | -61.2% |
| Turkey | 633 | 72.3 | 4.5 | N/A | -91.6% |
| Others | 1,647 | 1,087 | 504 | 165 | -53.6% |
| Total | 6,173 | 6,815 | 1,181 | 995 | -45.6% |
Top Export Markets for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol from the UK in 2022:
- Germany (12.3 tons)
- Kuwait (8.3 tons)
- China (7.2 tons)
- United States (5.4 tons)
- Italy (4.0 tons)
- France (3.9 tons)
- Jordan (2.3 tons)
- Barbados (1.8 tons)
- South Africa (1.3 tons)
- Guyana (1.1 tons)
- Spain (1.0 tons)
- Ireland (1.0 tons)
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