China: Alcohols Market 2021

Alcohols Market Size in China

In 2020, after three years of growth, there was significant decline in the Chinese alcohols market, when its value decreased by -X% to $X. In general, the total consumption indicated a notable increase 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. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2019, and then dropped in the following year.

Alcohols Exports

Exports from China

For the sixth year in a row, China recorded growth in overseas shipments of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, which increased by X% to X tons in 2020. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum in 2020 and are expected to retain growth in years to come.

In value terms, alcohols exports amounted to $X in 2020. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2019 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Indonesia (X tons), South Korea (X tons) and India (X tons) were the main destinations of alcohols exports from China, together comprising X% of total exports. Thailand, Russia, Belgium, Malaysia, Vietnam, the Netherlands, the U.S., Japan, Brazil and Turkey lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Turkey, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for alcohols exported from China were India ($X), South Korea ($X) and Indonesia ($X), with a combined X% share of total exports. These countries were followed by the U.S., Japan, Thailand, the Netherlands, Russia, Malaysia, Brazil, Belgium, Vietnam and Turkey, which together accounted for a further X saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average alcohols export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was the U.S. ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced mixed trend patterns.

Alcohols Imports

Imports into China

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were imported into China; standing approx. at the previous year's figure. In general, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% y-o-y. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, alcohols imports shrank to $X in 2020. Overall, total imports indicated a noticeable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. 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% y-o-y. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), Iran (X tons) and Oman (X tons) were the main suppliers of alcohols imports to China, together accounting for X% of total imports. These countries were followed by Taiwan (Chinese), New Zealand, Singapore, Canada, Trinidad and Tobago, Malaysia, Kuwait, the United Arab Emirates, Indonesia and South Korea, which together accounted for a further X 2007 to 2020, the biggest increases were in the United Arab Emirates (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) constituted the largest supplier of alcohols to China, comprising X% of total imports. The second position in the ranking was occupied by Iran ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+X% per year) and Taiwan (Chinese) (-X% per year).

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per ton in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Iran, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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