Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Singapore - 2022

Contents:

  1. Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Singapore (CIF) - 2022
  2. Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Singapore (FOB) - 2022
  3. Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Singapore
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
China6.27.88.99.515.3%
India1.41.31.62.724.5%
United States1.11.11.20.5-23.1%
Others1.20.81.41.45.3%
Total9.911.113.114.112.5%

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

  1. China (1606.7 tons)
  2. India (148.5 tons)
  3. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Australia38.6164258492133.6%
Indonesia19065.981.429015.1%
Malaysia11462.755.11232.6%
Japan19.212017.385.564.5%
South Korea12284.510977.3-14.1%
Thailand43.217.615.970.417.7%
India43.111365.450.45.4%
Bangladesh72.455.911.748.0-12.8%
Pakistan69.669.6N/A23.2-30.7%
United States63.082.10.80.4-81.5%
Others99.094.783.573.3-9.5%
Total8749316981,33315.1%

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

  1. Australia (46.2 tons)
  2. Indonesia (28.6 tons)
  3. Malaysia (14.3 tons)
  4. Thailand (8.7 tons)
  5. South Korea (7.2 tons)
  6. Bangladesh (5.3 tons)
  7. Japan (4.7 tons)
  8. India (3.7 tons)
  9. Pakistan (3.1 tons)

Source: IndexBox Market Intelligence Platform

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