Report Update Nov 1, 2024

Luxembourg - Aromatic Alcohols and Their Derivatives - Market Analysis, Forecast, Size, Trends and Insights

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Luxembourg: Aromatic Alcohols Market 2024

Aromatic Alcohols Market Size in Luxembourg

For the third consecutive year, the Luxembourg aromatic alcohols market recorded decline in sales value, which decreased by -2.9% to $X in 2021. In general, consumption, however, posted a modest expansion. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Aromatic Alcohols Production in Luxembourg

In value terms, aromatic alcohols production rose slightly to $X in 2021 estimated in export price. In general, production enjoyed a noticeable increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 58% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Aromatic Alcohols Exports

Exports from Luxembourg

In 2021, after four years of decline, there was significant growth in overseas shipments of aromatic alcohols and their derivatives, when their volume increased by 94% to X tons. In general, exports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 118%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, aromatic alcohols exports surged to $X in 2021. Overall, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2013 when exports increased by 126%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for aromatic alcohols exports from Luxembourg, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled -3.0%.

In value terms, Belgium ($X) also remains the key foreign market for aromatic alcohols and their derivatives exports from Luxembourg.

From 2012 to 2021, the average annual growth rate of value to Belgium totaled -5.5%.

Export Prices by Country

In 2021, the average aromatic alcohols export price amounted to $X per ton, increasing by 8% against the previous year. In general, the export price, however, saw a noticeable decline. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From 2012 to 2021, the rate of growth in terms of prices for Belgium amounted to -2.6% per year.

Aromatic Alcohols Imports

Imports into Luxembourg

In 2021, overseas purchases of aromatic alcohols and their derivatives increased by 2% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, saw a abrupt descent. The growth pace was the most rapid in 2016 when imports increased by 530%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, aromatic alcohols imports skyrocketed to $X in 2021. In general, imports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2016 when imports increased by 315%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest aromatic alcohols supplier to Luxembourg, with a 87% share of total imports. Moreover, aromatic alcohols imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X kg), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from Belgium stood at -6.6%.

In value terms, Belgium ($X) and Germany ($X) constituted the largest aromatic alcohols suppliers to Luxembourg.

Belgium, with a CAGR of -4.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average aromatic alcohols import price stood at $X per ton in 2021, jumping by 64% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 94%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aromatic alcohols and their derivatives in the world?

The countries with the highest volumes of aromatic alcohols consumption in 2021 were China, the United States and India, with a combined 51% share of global consumption. These countries were followed by Russia, Mexico, the UK, Canada, Turkey, Italy, Saudi Arabia, Japan, Brazil and Australia, which together accounted for a further 25%.

What are the largest producers of aromatic alcohols and their derivatives in the world?

The countries with the highest volumes of aromatic alcohols production in 2021 were China, Saudi Arabia and India, together accounting for 62% of global production.

What are the leading suppliers of aromatic alcohols and their derivatives to Luxembourg?

In value terms, Belgium and Germany constituted the largest aromatic alcohols suppliers to Luxembourg.

What are the leading importers of aromatic alcohols and their derivatives from Luxembourg?

In value terms, Belgium remains the key foreign market for aromatic alcohols exports from Luxembourg.

What is the average export price for aromatic alcohols and their derivatives in Luxembourg?

In 2021, the average aromatic alcohols export price amounted to $3,170 per ton, picking up by 38% against the previous year.

What is the average import price for aromatic alcohols and their derivatives in Luxembourg?

In 2021, the average aromatic alcohols import price amounted to $3,583 per ton, growing by 64% against the previous year.

This report provides an in-depth analysis of the aromatic alcohols market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20142375 - Aromatic alcohols and their halogenated, sulphonated, n itrated or nitrosated derivatives

Country coverage:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023