EU: Aromatic Alcohols Market 2024

Aromatic Alcohols Market Size in the EU

The EU aromatic alcohols market reduced to $X in 2021, with a decrease of -12.8% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Aromatic Alcohols Production in the EU

In value terms, aromatic alcohols production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 32% against the previous year. The level of production peaked at $X in 2020, and then reduced in the following year.

Aromatic Alcohols Exports

Exports in the EU

In 2021, overseas shipments of aromatic alcohols and their derivatives increased by 11% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, aromatic alcohols exports soared to $X in 2021. The total export value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) and Germany (X tons) dominates exports structure, together mixing up 94% of total exports. The following exporters - Spain (X tons) and Belgium (X tons) - together made up 4.3% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Spain (with a CAGR of +13.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Spain ($X) constituted the countries with the highest levels of exports in 2021, with a combined 92% share of total exports.

In terms of the main exporting countries, Spain, with a CAGR of +9.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, with an increase of 9.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 26% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.5%), while the other leaders experienced a decline in the export price figures.

Aromatic Alcohols Imports

Imports in the EU

In 2021, supplies from abroad of aromatic alcohols and their derivatives increased by 10% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 38% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, aromatic alcohols imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the six major importers of aromatic alcohols and their derivatives, namely Germany, the Netherlands, Italy, Spain, France and Belgium, represented more than two-thirds of total import. Poland (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +10.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aromatic alcohols importing markets in the European Union were France ($X), Germany ($X) and Spain ($X), with a combined 57% share of total imports.

France, with a CAGR of +10.0%, 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 the European Union stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2017 when the import price increased by 23%. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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