Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Vietnam - 2022

Contents:

1. Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Vietnam (CIF) - 2022
2. Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Vietnam (FOB) - 2022
3. Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Vietnam
4. Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Vietnam

Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Vietnam (CIF) - 2022

In 2022, the average import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol amounted to $1,881 per ton, which is down by -8.7% against the previous year. In general, the import price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. Over the period under review, average import prices attained the peak figure at $2,475 per ton in 2018; however, from 2019 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 Germany ($2,466 per ton), while the price for the Netherlands ($1,220 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1.3%), while the prices for the other major suppliers experienced a decline.

Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Vietnam (FOB) - 2022

The average export price for alcohols; aromatic alcohols and derivatives, benzyl alcohol stood at $1,784 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2017 when the average export price increased by 27%. The export price peaked at $2,664 per ton in 2013; however, from 2014 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 Singapore ($10,000 per ton), while the average price for exports to Lao People's Democratic Republic stood at $1,768 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+14.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Vietnam

In 2022, after three years of growth, there was significant decline in overseas purchases of alcohols; aromatic alcohols and derivatives, benzyl alcohol, when their volume decreased by -6.7% to 577 tons. The total import volume increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of 618 tons, and then declined in the following year.

In value terms, imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol contracted to $1.1M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. As a result, imports attained the peak of $1.3M, and then dropped in the following year.

Top Suppliers of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol to Vietnam in 2022:

1. India (174.8 tons)
2. China (171.5 tons)
3. Germany (119.6 tons)
4. Netherlands (54.3 tons)
5. Singapore (14.6 tons)
6. Spain (12.0 tons)
7. Malaysia (10.1 tons)
8. South Korea (8.6 tons)
9. United States (6.3 tons)

Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Vietnam

After two years of decline, shipments abroad of alcohols; aromatic alcohols and derivatives, benzyl alcohol increased by 5.8% to 1.1 tons in 2022. In general, exports, however, saw a abrupt contraction.

In value terms, exports of alcohols; aromatic alcohols and derivatives, benzyl alcohol rose significantly to $1.9K in 2022. Over the period under review, exports, however, showed a abrupt slump.

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

1. Lao People's Democratic Republic (1061.0 kg)

Source: IndexBox Market Intelligence Platform