Benelux: Aromatic Alcohols Market 2024

Aromatic Alcohols Market Size in Benelux

In 2021, the Benelux aromatic alcohols market decreased by -13.3% to $X, falling for the second year in a row after three years of growth. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Aromatic Alcohols Production in Benelux

In value terms, aromatic alcohols production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 11% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Aromatic Alcohols Exports

Exports in Benelux

In 2021, shipments abroad of aromatic alcohols and their derivatives increased by 8.5% to X tons, rising for the second consecutive year after two years of decline. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 17% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, aromatic alcohols exports surged to $X in 2021. Overall, exports, however, recorded a mild curtailment. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands prevails in exports structure, amounting to X tons, which was near 97% of total exports in 2021. Belgium (X tons) followed a long way behind the leaders.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of aromatic alcohols and their derivatives. At the same time, Belgium (+4.2%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +4.2% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest aromatic alcohols supplier in Benelux, comprising 95% of total exports. The second position in the ranking was taken by Belgium ($X), with a 4.8% share of total exports.

In the Netherlands, aromatic alcohols exports decreased by an average annual rate of -1.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, growing by 14% against the previous year. Over the period under review, the export price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2018 an increase of 25%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-2.2%).

Aromatic Alcohols Imports

Imports in Benelux

In 2021, the amount of aromatic alcohols and their derivatives imported in Benelux expanded remarkably to X tons, surging by 12% on 2020 figures. Overall, imports saw a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 190%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, aromatic alcohols imports reached $X in 2021. Total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.8% against 2017 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 32% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands was the major importer of aromatic alcohols and their derivatives in Benelux, with the volume of imports reaching X tons, which was near 65% of total imports in 2021. It was distantly followed by Belgium (X tons), committing a 35% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +7.6%).

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2021.

In terms of the main importing countries, the Netherlands, with a CAGR of +4.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, dropping by -6.8% against the previous year. Over the period under review, the import price showed a noticeable contraction. The growth pace was the most rapid in 2017 when the import price increased by 138%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-2.8%).

Source: IndexBox Platform