Northern America: Aromatic Alcohols Market 2024

Aromatic Alcohols Market Size in Northern America

In 2021, after three years of growth, there was decline in the North American aromatic alcohols market, when its value decreased by -0.2% to $X. Overall, consumption, however, enjoyed prominent growth. Over the period under review, the market reached the peak level at $X in 2020, and then contracted in the following year.

Aromatic Alcohols Production in Northern America

In value terms, aromatic alcohols production stood at $X in 2021 estimated in export price. Overall, production showed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 58%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Aromatic Alcohols Exports

Exports in Northern America

Aromatic alcohols exports declined to X tons in 2021, dropping by -8% against the previous year. Total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +5.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 77% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, aromatic alcohols exports stood at $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +13.0% against 2017 indices. The pace of growth was the most pronounced in 2017 when exports increased by 48% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States prevails in exports structure, finishing at X tons, which was approx. 93% of total exports in 2021. It was distantly followed by Canada (X tons), mixing up a 6.6% share of total exports.

Exports from the United States increased at an average annual rate of +3.4% from 2012 to 2021. At the same time, Canada (+5.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +5.3% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest aromatic alcohols supplier in Northern America, comprising 96% of total exports. The second position in the ranking was held by Canada ($X), with a 3.7% share of total exports.

In the United States, aromatic alcohols exports expanded at an average annual rate of +5.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, with an increase of 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2019 when the export price increased by 26%. Over the period under review, the export prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.9%).

Aromatic Alcohols Imports

Imports in Northern America

Aromatic alcohols imports shrank to X tons in 2021, declining by -5.3% against the previous year. The total import volume increased at an average annual rate of +5.3% 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 2020 when imports increased by 28%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, aromatic alcohols imports totaled $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 26% 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 United States represented the major importing country with an import of around X tons, which accounted for 85% of total imports. It was distantly followed by Canada (X tons), comprising a 15% share of total imports.

Imports into the United States increased at an average annual rate of +4.8% from 2012 to 2021. At the same time, Canada (+8.6%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +8.6% from 2012-2021. Canada (+3.7 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -3.7% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported aromatic alcohols and their derivatives in Northern America, comprising 86% of total imports. The second position in the ranking was taken by Canada ($X), with a 14% share of total imports.

In the United States, aromatic alcohols imports expanded at an average annual rate of +3.4% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, jumping by 19% against the previous year. In general, the import price, however, saw a mild shrinkage. 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 noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.4%).

Source: IndexBox Platform

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