Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in China - 2023
Contents:
- Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in China (CIF) - 2022
- Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in China (FOB) - 2023
- Imports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in China
- Exports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in China
Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in China (CIF) - 2022
In 2022, the average import price for acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses amounted to $527 per ton, shrinking by -4.1% against the previous year. Over the period under review, the import price saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 44%. Over the period under review, average import prices reached the peak figure at $890 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($1,299 per ton), while the price for Trinidad and Tobago ($328 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in China (FOB) - 2023
The average export price for acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses stood at $1,213 per ton in December 2023, growing by 8.6% against the previous month. Over the period under review, the export price, however, recorded a pronounced descent. The growth pace was the most rapid in July 2023 when the average export price increased by 13% m-o-m. Over the period under review, the average export prices attained the maximum at $1,694 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was India ($2,215 per ton), while the average price for exports to Taiwan (Chinese) ($502 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in China
In 2022, purchases abroad of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses decreased by -3.8% to 21M tons, falling for the second year in a row after two years of growth. In general, imports recorded a slight curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 8.3%. As a result, imports reached the peak of 24M tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses contracted to $11.2B in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. As a result, imports attained the peak of $12.2B, and then fell in the following year.
| Import of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 3,263 | 2,315 | 3,004 | 3,208 | -0.6% |
| Oman | 137 | 466 | 946 | 1,330 | 113.3% |
| Iran | 1,069 | 863 | 569 | 941 | -4.2% |
| Taiwan (Chinese) | 1,106 | 853 | 1,081 | 627 | -17.2% |
| Canada | 603 | 525 | 598 | 612 | 0.5% |
| United States | 266 | 422 | 435 | 591 | 30.5% |
| Indonesia | 350 | 291 | 562 | 589 | 18.9% |
| Singapore | 689 | 672 | 992 | 547 | -7.4% |
| United Arab Emirates | 0.1 | 578 | 1,360 | 525 | 1638.0% |
| Malaysia | 354 | 255 | 329 | 353 | -0.1% |
| New Zealand | 507 | 345 | 431 | 348 | -11.8% |
| Trinidad and Tobago | 332 | 205 | 227 | 347 | 1.5% |
| South Korea | 451 | 308 | 365 | 268 | -15.9% |
| Others | 1,342 | 1,155 | 1,289 | 957 | -10.7% |
| Total | 10,470 | 9,252 | 12,187 | 11,244 | 2.4% |
Top Suppliers of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives to China in 2022:
- Saudi Arabia (6.1M tons)
- Oman (3.9M tons)
- Iran (2.5M tons)
- United Arab Emirates (1.6M tons)
- Canada (1.1M tons)
- Trinidad and Tobago (1.1M tons)
- New Zealand (1.0M tons)
- United States (0.8M tons)
- Taiwan (Chinese) (0.7M tons)
- Indonesia (0.5M tons)
- Malaysia (0.5M tons)
- Singapore (0.4M tons)
- South Korea (0.3M tons)
Exports of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in China
In 2022, overseas shipments of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses decreased by -7.2% to 1.4M tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 42%. As a result, the exports attained the peak of 1.5M tons, and then shrank in the following year.
In value terms, exports of acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivativeses expanded markedly to $2.4B in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 151 | 135 | 240 | 291 | 24.4% |
| South Korea | 150 | 114 | 260 | 201 | 10.2% |
| Indonesia | 104 | 88.5 | 151 | 171 | 18.0% |
| Turkey | 30.8 | 35.8 | 140 | 163 | 74.3% |
| United States | 113 | 132 | 210 | 160 | 12.3% |
| Japan | 72.4 | 67.8 | 101 | 121 | 18.7% |
| Italy | 35.2 | 32.0 | 63.7 | 91.4 | 37.4% |
| Russia | 46.2 | 66.7 | 81.6 | 91.1 | 25.4% |
| Vietnam | 54.7 | 26.7 | 69.5 | 80.2 | 13.6% |
| Thailand | 57.2 | 61.9 | 81.6 | 70.9 | 7.4% |
| Malaysia | 28.0 | 38.3 | 61.6 | 65.5 | 32.7% |
| Taiwan (Chinese) | 49.4 | 33.6 | 96.8 | 62.2 | 8.0% |
| Philippines | 9.6 | 19.5 | 14.5 | 25.5 | 38.5% |
| Others | 469 | 563 | 741 | 846 | 21.7% |
| Total | 1,370 | 1,415 | 2,312 | 2,440 | 21.2% |
Top Export Markets for Acyclic Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives from China in 2022:
- Indonesia (202.5K tons)
- South Korea (139.9K tons)
- India (134.2K tons)
- Turkey (84.3K tons)
- Vietnam (77.7K tons)
- Thailand (73.8K tons)
- Russia (48.3K tons)
- Malaysia (45.2K tons)
- United States (44.8K tons)
- Japan (43.5K tons)
- Italy (36.2K tons)
- Taiwan (Chinese) (35.9K tons)
- Philippines (32.1K tons)
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