Ukraine: Aromatic Alcohols Market 2024

Aromatic Alcohols Market Size in Ukraine

The Ukrainian aromatic alcohols market was estimated at $X in 2021, leveling off at 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). Overall, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +105.6% against 2015 indices. Aromatic alcohols consumption peaked in 2021 and is likely to see gradual growth in the near future.

Aromatic Alcohols Exports

Exports from Ukraine

In 2021, aromatic alcohols exports from Ukraine surged to X tons, growing by 165% on 2020. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 426%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, aromatic alcohols exports amounted to $X in 2021. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 166%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for aromatic alcohols exports from Ukraine, with a 88% share of total exports. Moreover, aromatic alcohols exports to the United States exceeded the volume sent to the second major destination, Georgia (X kg), ninefold. The third position in this ranking was taken by Latvia (X kg), with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +156.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+27.8% per year) and Latvia (+21.2% per year).

In value terms, the United States ($X) emerged as the key foreign market for aromatic alcohols and their derivatives exports from Ukraine, comprising 73% of total exports. The second position in the ranking was taken by Latvia ($X), with a 14% share of total exports. It was followed by Georgia, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +106.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+53.6% per year) and Georgia (+43.1% per year).

Export Prices by Country

The average aromatic alcohols export price stood at $X per ton in 2021, falling by -62.2% against the previous year. Over the period under review, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 159% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Georgia ($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 Latvia (+27.4%), while the prices for the other major destinations experienced mixed trend patterns.

Aromatic Alcohols Imports

Imports into Ukraine

For the fourth year in a row, Ukraine recorded growth in supplies from abroad of aromatic alcohols and their derivatives, which increased by 0.1% to X tons in 2021. Over the period under review, imports saw modest growth. The pace of growth was the most pronounced in 2016 when imports increased by 95%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, aromatic alcohols imports rose markedly to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +45.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 56%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest aromatic alcohols supplier to Ukraine, accounting for a 53% share of total imports. Moreover, aromatic alcohols imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+29.8% per year) and Germany (+3.4% per year).

In value terms, China ($X), Germany ($X) and Denmark ($X) constituted the largest aromatic alcohols suppliers to Ukraine, together comprising 75% of total imports.

Among the main suppliers, Denmark, with a CAGR of +243.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average aromatic alcohols import price amounted to $X per ton, picking up by 5% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aromatic alcohols import price increased by +5.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 71%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained 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 ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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