Global Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size

The global industrial fatty alcohols market amounted to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2023 and is likely to see gradual growth in years to come.

Industrial Fatty Alcohols Production

In value terms, industrial fatty alcohols production reached $X in 2023 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, global production growth remained at a somewhat lower figure.

Industrial Fatty Alcohols Exports

Exports

In 2023, after eleven years of growth, there was significant decline in shipments abroad of industrial fatty alcohols, when their volume decreased by X% to X tons. Overall, total exports indicated a pronounced increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the global exports hit record highs at X tons in 2022, and then dropped in the following year.

In value terms, industrial fatty alcohols exports reduced dramatically to $X in 2023. In general, exports, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs at $X in 2022, and then shrank rapidly in the following year.

Exports by Country

In 2023, Indonesia (X tons) and Malaysia (X tons) represented the key exporters of industrial fatty alcoholsaround the world, together committing X% of total exports. It was distantly followed by the Netherlands (X tons), Germany (X tons) and the United States (X tons), together comprising a X% share of total exports. The following exporters - South Africa (X tons) and Thailand (X tons) - each reached a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest industrial fatty alcohols supplying countries worldwide were Indonesia ($X), Malaysia ($X) and Germany ($X), with a combined X% share of global exports.

Among the main exporting countries, Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average industrial fatty alcohols export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price saw a slight setback. The most prominent rate of growth was recorded in 2021 an increase of X%. The global export price peaked at $X per ton in 2022, and then declined notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other global leaders experienced a decline in the export price figures.

Industrial Fatty Alcohols Imports

Imports

After seven years of growth, purchases abroad of industrial fatty alcohols decreased by X% to X tons in 2023. In general, total imports indicated a perceptible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Global imports peaked at X tons in 2022, and then contracted in the following year.

In value terms, industrial fatty alcohols imports shrank notably to $X in 2023. Overall, total imports indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Global imports peaked at $X in 2022, and then fell sharply in the following year.

Imports by Country

In 2023, China (X tons) was the main importer of industrial fatty alcohols, achieving X% of total imports. The Netherlands (X tons) held the second position in the ranking, followed by the United States (X tons), India (X tons), Belgium (X tons) and Malaysia (X tons). All these countries together held approx. X% share of total imports. Germany (X tons), Singapore (X tons), South Korea (X tons), the UK (X tons), Italy (X tons), Japan (X tons) and France (X tons) took a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to industrial fatty alcohols imports into China stood at X%. At the same time, India (X%), the Netherlands (X%), South Korea (X%), the UK (X%), Belgium (X%), Malaysia (X%), Japan (X%) and Singapore (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. The United States experienced a relatively flat trend pattern. By contrast, Germany (X%), Italy (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China, India and the Netherlands increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported industrial fatty alcohols worldwide, comprising X% of global imports. The second position in the ranking was held by the Netherlands ($X), with an X% share of global imports. It was followed by Belgium, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Belgium (X% per year).

Import Prices by Country

The average industrial fatty alcohols import price stood at $X per ton in 2023, reducing by X% against the previous year. In general, the import price showed a mild downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Global import price peaked at $X per ton in 2022, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform