Asia-Pacific: Aromatic Alcohols Market 2024

Aromatic Alcohols Market Size in Asia-Pacific

The Asia-Pacific aromatic alcohols market reached $X in 2021, with an increase of 1.8% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Aromatic Alcohols Production in Asia-Pacific

In value terms, aromatic alcohols production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 21% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Aromatic Alcohols Exports

Exports in Asia-Pacific

In 2021, the amount of aromatic alcohols and their derivatives exported in Asia-Pacific totaled X tons, almost unchanged from the year before. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 25% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, aromatic alcohols exports rose remarkably to $X in 2021. Over the period under review, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 36%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

China (X tons) and India (X tons) prevails in exports structure, together creating 93% of total exports. It was distantly followed by Japan (X tons), generating a 5.4% share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +11.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest aromatic alcohols supplier in Asia-Pacific, comprising 69% of total exports. The second position in the ranking was held by India ($X), with a 25% share of total exports.

In China, aromatic alcohols exports increased at an average annual rate of +9.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+9.5% per year) and Japan (+8.2% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, surging by 11% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 11%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the other leaders experienced a decline in the export price figures.

Aromatic Alcohols Imports

Imports in Asia-Pacific

In 2021, approx. X tons of aromatic alcohols and their derivatives were imported in Asia-Pacific; picking up by 9.1% compared with the previous year. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 18%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, aromatic alcohols imports surged to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +42.5% against 2014 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X tons), South Korea (X tons) and China (X tons) was the main importer of aromatic alcohols and their derivatives in Asia-Pacific, making up 57% of total import. Singapore (X tons) held the next position in the ranking, followed by Taiwan (Chinese) (X tons), India (X tons) and Indonesia (X tons). All these countries together took near 31% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +8.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Japan ($X) were the countries with the highest levels of imports in 2021, together accounting for 56% of total imports.

China, with a CAGR of +9.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, surging by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2019 when the import price increased by 15% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+17.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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