U.S.: Alcohols Market 2021

Alcohols Market Size in the U.S.

The U.S. alcohols market skyrocketed to $X in 2020, growing by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Alcohols consumption peaked at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Alcohols Production in the U.S.

In value terms, alcohols production contracted to $X in 2020. Overall, production, however, saw temperate growth. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Alcohols production peaked at $X in 2019, and then shrank in the following year.

Alcohols Exports

Exports from the U.S.

For the sixth consecutive year, the U.S. recorded growth in shipments abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, which increased by X% to X tons in 2020. Over the period under review, exports recorded a strong increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum in 2020 and are likely to see gradual growth in the near future.

In value terms, alcohols exports rose slightly to $X in 2020. Overall, total exports indicated a tangible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Exports peaked in 2020 and are expected to retain growth in years to come.

Exports by Country

South Korea (X tons) was the main destination for alcohols exports from the U.S., with a X% share of total exports. Moreover, alcohols exports to South Korea exceeded the volume sent to the second major destination, Mexico (X tons), twofold. Belgium (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to South Korea totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Belgium (+X% per year).

In value terms, South Korea ($X), Mexico ($X) and China ($X) appeared to be the largest markets for alcohols exported from the U.S. worldwide, with a combined X% share of total exports. These countries were followed by Belgium, Canada, Turkey, Brazil, the Netherlands, India, Taiwan (Chinese) and the UK, which together accounted for a further X the main countries of destination, Turkey 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

In 2020, the average alcohols export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2010 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per ton in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Canada ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced a decline.

Alcohols Imports

Imports into the U.S.

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were imported into the U.S.; rising by X% on the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Imports peaked at X tons in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

In value terms, alcohols imports skyrocketed to $X in 2020. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Trinidad and Tobago (X tons), Canada (X tons) and Equatorial Guinea (X tons) were the main suppliers of alcohols imports to the U.S., together accounting for X% of total imports. These countries were followed by the Netherlands, Oman, Malaysia, Germany and Saudi Arabia, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman, while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Trinidad and Tobago ($X) and Germany ($X) were the largest alcohols suppliers to the U.S., with a combined X% share of total imports. These countries were followed by the Netherlands, Malaysia, Equatorial Guinea, Saudi Arabia and Oman, which together accounted for a further X saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, falling by -X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted sharply in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for Trinidad and Tobago ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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