Asia: Alcohols Market 2021

Alcohols Market Size in Asia

In 2020, the Asian alcohols market decreased by -X% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 when the market value increased by X% y-o-y. The level of consumption peaked at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Alcohols Production in Asia

In value terms, alcohols production amounted to $X in 2020 estimated in export prices. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the production volume increased by X% against the previous year. The level of production peaked in 2020 and is likely to continue growth in the near future.

Production By Country in Asia

Saudi Arabia (X tons) constituted the country with the largest volume of alcohols production, comprising approx. X% of total volume. Moreover, alcohols production in Saudi Arabia exceeded the figures recorded by the second-largest producer, Iran (X tons), threefold. The third position in this ranking was occupied by Oman (X tons), with a X% share.

In Saudi Arabia, alcohols production increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Iran (+X% per year) and Oman (+X% per year).

Alcohols Exports

Exports in Asia

Alcohols exports rose slightly to X tons in 2020, picking up by X% compared with the previous year's figure. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when exports increased by X% year-to-year. The volume of export peaked in 2020 and is expected to retain growth in the near future.

In value terms, alcohols exports shrank to $X in 2020. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, exports attained the peak of $X. from 2012 to 2020, the growth exports failed to regain the momentum.

Exports by Country

In 2020, Saudi Arabia (X tons) represented the key exporter of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, comprising X% of total exports. Oman (X tons) ranks second in terms of the total exports with a X% share, followed by Iran (X%), Malaysia (X%) and Taiwan (Chinese) (X%). Singapore (X tons), the United Arab Emirates (X tons), Kuwait (X tons), Indonesia (X tons), China (X tons), South Korea (X tons) and Japan (X tons) followed a long way behind the leaders.

Exports from Saudi Arabia increased at an average annual rate of +X% from 2007 to 2020. At the same time, Oman (+X%), the United Arab Emirates (+X%), China (+X%), Kuwait (+X%), Malaysia (+X%), Iran (+X%), South Korea (+X%), Indonesia (+X%), Taiwan (Chinese) (+X%), Singapore (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Oman, the United Arab Emirates, China and Malaysia increased by +X%, +X%, +X% and +X% percentage points, while Singapore (-X p.p.), Taiwan (Chinese) (-X p.p.) and Saudi Arabia (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest alcohols supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

In Saudi Arabia, alcohols exports shrank by an average annual rate of -X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: China (+X% per year) and Singapore (-X% per year).

Export Prices by Country

The alcohols export price in Asia stood at $X per ton in 2020, waning by -X% against the previous year. Overall, the export price saw a perceptible reduction. The growth pace was the most rapid in 2011 an increase of X% y-o-y. Over the period under review, export prices reached the peak figure at $X per ton in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced a decline in the export price figures.

Alcohols Imports

Imports in Asia

Alcohols imports declined slightly to X tons in 2020, dropping by -X% on 2019 figures. Total imports indicated a strong increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. As a result, imports attained the peak of X tons, and then reduced modestly in the following year.

In value terms, alcohols imports dropped to $X in 2020. Total imports indicated a modest expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

China dominates alcohols imports structure, reaching X tons, which was near X% of total imports in 2020. India (X tons) occupied an X% share (based on tons) of total imports, which put it in second place, followed by South Korea (X%). The following importers - Taiwan (Chinese) (X tons), Japan (X tons), Indonesia (X tons), Turkey (X tons), Thailand (X tons), Singapore (X tons), Malaysia (X tons) and Vietnam (X tons) - together made up X% of total imports.

From 2007 to 2020, average annual rates of growth with regard to alcohols imports into China stood at +X%. At the same time, Vietnam (+X%), Indonesia (+X%), India (+X%), Turkey (+X%), Thailand (+X%), Malaysia (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Singapore (-X%) and Japan (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and India (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of South Korea (-X p.p.), Singapore (-X p.p.), Taiwan (Chinese) (-X p.p.) and Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in Asia, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, alcohols imports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: India (+X% per year) and South Korea (-X% per year).

Import Prices by Country

The alcohols import price in Asia stood at $X per ton in 2020, reducing by -X% against the previous year. In general, the import price showed a perceptible curtailment. The growth pace was the most rapid in 2011 when the import price increased by X% year-to-year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Singapore ($X per ton) and Vietnam ($X per ton), while China ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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