Eastern Asia: Alcohols Market 2021

Alcohols Market Size in Eastern Asia

In 2020, the East Asian alcohols market decreased by -X% to $X, falling for the second year in a row after two years of growth. The market value 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 pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Alcohols Production in Eastern Asia

In value terms, alcohols production expanded significantly to $X in 2020 estimated in export prices. In general, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Production By Country in Eastern Asia

The countries with the highest volumes of alcohols production in 2020 were Japan (X tons) and Taiwan (Chinese) (X tons).

From 2007 to 2020, the biggest increases were in Japan.

Alcohols Exports

Exports in Eastern Asia

After three years of growth, overseas shipments of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by -X% to X tons in 2020. 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 most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. The volume of export peaked at X tons in 2019, and then reduced modestly in the following year.

In value terms, alcohols exports dropped to $X in 2020. The total export value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. The level of export peaked at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, Taiwan (Chinese) (X tons) was the key exporter of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, making up X% of total exports. China (X tons) ranks second in terms of the total exports with a X% share, followed by South Korea (X%) and Japan (X%).

From 2007 to 2020, average annual rates of growth with regard to alcohols exports from Taiwan (Chinese) stood at +X%. At the same time, China (+X%), South Korea (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of China and South Korea increased by +X% and +X% percentage points, while Japan (-X p.p.) and Taiwan (Chinese) (-X p.p.) saw their share reduced.

In value terms, China ($X), Taiwan (Chinese) ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2020, together comprising X% of total exports.

China saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2020, the alcohols export price in Eastern Asia amounted to $X per ton, shrinking by -X% against the previous year. In general, the export price saw a pronounced reduction. The pace of growth was the most pronounced in 2010 an increase of X% y-o-y. The level of export peaked at $X per ton in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Alcohols Imports

Imports in Eastern Asia

In 2020, the amount of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives imported in Eastern Asia reduced modestly to X tons, leveling off at the previous year. Total imports indicated a remarkable increase from 2007 to 2020: its volume 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 increased by +X% against 2018 indices. The pace of growth was the most pronounced 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. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tons) represented the major importer of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, creating X% of total imports. South Korea (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%) and Japan (X%).

China was also the fastest-growing in terms of the alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives imports, with a CAGR of +X% from 2007 to 2020. At the same time, South Korea (+X%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China increased by +X% percentage points, while South Korea (-X p.p.), Taiwan (Chinese) (-X p.p.) and Japan (-X p.p.) saw their share reduced.

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

In China, alcohols imports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and Japan (-X% per year).

Import Prices by Country

In 2020, the alcohols import price in Eastern Asia amounted to $X per ton, shrinking by -X% against the previous year. Overall, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Japan ($X per ton) and South Korea ($X per ton), while China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :