U.S.: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in the U.S.

The U.S. industrial fatty alcohols market contracted to $X in 2021, falling by -7.6% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Industrial fatty alcohols consumption peaked at $X in 2020, and then reduced in the following year.

Industrial Fatty Alcohols Production in the U.S.

In value terms, industrial fatty alcohols production expanded modestly to $X in 2021. Overall, production continues to indicate a slight descent. The most prominent rate of growth was recorded in 2019 with an increase of 10%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Industrial Fatty Alcohols Exports

Exports from the U.S.

For the third year in a row, the United States recorded growth in shipments abroad of industrial fatty alcohols, which increased by 23% to X tons in 2021. The total export volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, industrial fatty alcohols exports soared to $X in 2021. The total export value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. 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) was the main destination for industrial fatty alcohols exports from the United States, accounting for a 41% share of total exports. Moreover, industrial fatty alcohols exports to the Netherlands exceeded the volume sent to the second major destination, Japan (X tons), twofold. Singapore (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+11.7% per year) and Singapore (+7.3% per year).

In value terms, the Netherlands ($X) remains the key foreign market for industrial fatty alcohols exports from the United States, comprising 41% of total exports. The second position in the ranking was taken by Japan ($X), with a 16% share of total exports. It was followed by Canada, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands amounted to +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+10.0% per year) and Canada (-6.3% per year).

Export Prices by Country

In 2021, the average industrial fatty alcohols export price amounted to $X per ton, rising by 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 12%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Fatty Alcohols Imports

Imports into the U.S.

In 2021, approx. X tons of industrial fatty alcohols were imported into the United States; shrinking by -9.4% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 24% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then reduced in the following year.

In value terms, industrial fatty alcohols imports surged to $X in 2021. Over the period under review, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 38% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest industrial fatty alcohols supplier to the United States, accounting for a 48% share of total imports. Moreover, industrial fatty alcohols imports from Indonesia exceeded the figures recorded by the second-largest supplier, South Africa (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia amounted to +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+2.9% per year) and the Netherlands (+6.8% per year).

In value terms, Indonesia ($X) constituted the largest supplier of industrial fatty alcohols to the United States, comprising 49% of total imports. The second position in the ranking was held by South Africa ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Indonesia totaled +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+2.3% per year) and the Netherlands (+8.5% per year).

Import Prices by Country

In 2021, the average industrial fatty alcohols import price amounted to $X per ton, picking up by 44% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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