Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Singapore - 2022
Contents:
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Singapore (CIF) - 2022
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Singapore (FOB) - 2022
- Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Singapore
- Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Singapore
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Singapore (CIF) - 2022
In September 2022, the average import price for alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $10,508 per ton, growing by 2% against the previous month. Overall, import price indicated a noticeable expansion from September 2021 to September 2022: its price increased at an average monthly rate of +3.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, import price for alcohols; aromatic and derivatives, other than benzyl alcohol decreased by -34.1% against June 2022 indices. The pace of growth was the most pronounced in June 2022 when the average import price increased by 97% month-to-month. As a result, import price reached the peak level of $15,938 per ton. From July 2022 to September 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was India ($30,647 per ton), while the price for China amounted to $8,036 per ton.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by China (+3.4%).
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Singapore (FOB) - 2022
The average export price for alcohols; aromatic and derivatives, other than benzyl alcohol stood at $10,590 per ton in 2022, jumping by 15% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for alcohols; aromatic and derivatives, other than benzyl alcohol decreased by -18.5% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 67%. As a result, the export price reached the peak level of $12,989 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($18,238 per ton), while the average price for exports to Pakistan ($7,498 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 India (+11.8%), 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 Singapore
In 2022, after three years of growth, there was decline in supplies from abroad of alcohols; aromatic and derivatives, other than benzyl alcohol, when their volume decreased by -2.2% to 1.9K tons. The total import volume increased at an average annual rate of +9.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 22%.
In value terms, imports of alcohols; aromatic and derivatives, other than benzyl alcohol expanded sharply to $14M in 2022. The total import value increased at an average annual rate of +12.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 18% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
Import of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 6.2 | 7.8 | 8.9 | 9.5 | 15.3% |
India | 1.4 | 1.3 | 1.6 | 2.7 | 24.5% |
United States | 1.1 | 1.1 | 1.2 | 0.5 | -23.1% |
Others | 1.2 | 0.8 | 1.4 | 1.4 | 5.3% |
Total | 9.9 | 11.1 | 13.1 | 14.1 | 12.5% |
Top Suppliers of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol to Singapore in 2022:
- China (1606.7 tons)
- India (148.5 tons)
- United States (77.1 tons)
Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Singapore
In 2022, exports of alcohols; aromatic and derivatives, other than benzyl alcohol from Singapore skyrocketed to 126 tons, rising by 65% compared with the previous year's figure. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of alcohols; aromatic and derivatives, other than benzyl alcohol skyrocketed to $1.3M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 38.6 | 164 | 258 | 492 | 133.6% |
Indonesia | 190 | 65.9 | 81.4 | 290 | 15.1% |
Malaysia | 114 | 62.7 | 55.1 | 123 | 2.6% |
Japan | 19.2 | 120 | 17.3 | 85.5 | 64.5% |
South Korea | 122 | 84.5 | 109 | 77.3 | -14.1% |
Thailand | 43.2 | 17.6 | 15.9 | 70.4 | 17.7% |
India | 43.1 | 113 | 65.4 | 50.4 | 5.4% |
Bangladesh | 72.4 | 55.9 | 11.7 | 48.0 | -12.8% |
Pakistan | 69.6 | 69.6 | N/A | 23.2 | -30.7% |
United States | 63.0 | 82.1 | 0.8 | 0.4 | -81.5% |
Others | 99.0 | 94.7 | 83.5 | 73.3 | -9.5% |
Total | 874 | 931 | 698 | 1,333 | 15.1% |
Top Export Markets for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol from Singapore in 2022:
- Australia (46.2 tons)
- Indonesia (28.6 tons)
- Malaysia (14.3 tons)
- Thailand (8.7 tons)
- South Korea (7.2 tons)
- Bangladesh (5.3 tons)
- Japan (4.7 tons)
- India (3.7 tons)
- Pakistan (3.1 tons)
This report provides an in-depth analysis of the aromatic alcohols market in Singapore.
This report provides an in-depth analysis of the alcohols market in Singapore.
This report provides an in-depth analysis of the global aromatic alcohols market.
This report provides an in-depth analysis of the global alcohols market.
This report provides an in-depth analysis of the aromatic alcohols market in Singapore.
This report provides an in-depth analysis of the global aromatic alcohols market.
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