Puerto Rico: Alcohols Market 2021

Alcohols Market Size in Puerto Rico

The Puerto Rican alcohols market was estimated at $X in 2019, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern.

Alcohols Exports

Exports by Country

In 2020, Saudi Arabia (X tons), distantly followed by Trinidad and Tobago (X tons), the U.S. (X tons), Oman (X tons), Iran (X tons) and the Netherlands (X tons) were the key exporters of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, together comprising X% of total exports. The following exporters - Malaysia (X tons), Canada (X tons), Taiwan (Chinese) (X tons), Russia (X tons), Germany (X tons), Singapore (X tons) and the United Arab Emirates (X tons) - together made up X% of total exports.

From 2007 to 2020, average annual rates of growth with regard to alcohols exports from Saudi Arabia stood at +X%. At the same time, Oman (+X%), the United Arab Emirates (+X%), the U.S. (+X%), Malaysia (+X%), Iran (+X%), the Netherlands (+X%), Trinidad and Tobago (+X%), Taiwan (Chinese) (+X%), Singapore (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. By contrast, Russia (-X%) and Germany (-X%) illustrated a downward trend over the same period. While the share of Oman (+X p.p.), the U.S. (+X p.p.), the United Arab Emirates (+X p.p.), Iran (+X p.p.) and Malaysia (+X p.p.) increased significantly in terms of the global exports from 2007-2020, the share of Germany (-X p.p.) and Russia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), the U.S. ($X) and Germany ($X) were the countries with the highest levels of exports in 2020, with a combined X% share of total exports. The Netherlands, Singapore, Taiwan (Chinese), Trinidad and Tobago, Malaysia, Iran, Oman, Canada, Russia and the United Arab Emirates lagged somewhat behind, together comprising a further X saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the alcohols export price in Puerto Rico amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price recorded a relatively flat trend pattern.

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

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

Alcohols Imports

Imports by Country

China was the key importer of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in the world, with the volume of imports reaching X tons, which was near X% of total imports in 2020. It was distantly followed by the U.S. (X tons), India (X tons) and South Korea (X tons), together creating a X% share of total imports. The Netherlands (X tons), Germany (X tons), Taiwan (Chinese) (X tons), Brazil (X tons), Japan (X tons), Belgium (X tons), Indonesia (X tons), Turkey (X tons) and Thailand (X tons) held a little share of total imports.

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, Brazil (+X%), Indonesia (+X%), India (+X%), Turkey (+X%), Thailand (+X%), the Netherlands (+X%), South Korea (+X%) and Belgium (+X%) displayed positive paces of growth. Taiwan (Chinese), the U.S. and Germany experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and India (+X p.p.) increased significantly in terms of the global imports from 2007-2020, the share of Germany (-X p.p.), the U.S. (-X p.p.) and Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives into Puerto Rico, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by India, with a X% share.

In China, alcohols imports increased 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: the U.S. (+X% per year) and India (+X% per year).

Import Prices by Country

In 2020, the alcohols import price in Puerto Rico amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Germany ($X per ton) and Turkey ($X per ton), while Brazil ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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