Global Alcohols Market 2021

Alcohols Market Size

The global alcohols market rose slightly to $X in 2020, increasing by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Global consumption peaked at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Alcohols Production

In value terms, alcohols production fell modestly to $X in 2020 estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% y-o-y. Global production peaked at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

Production By Country

The countries with the highest volumes of alcohols production in 2020 were Saudi Arabia (X tons), the U.S. (X tons) and Trinidad and Tobago (X tons), together accounting for X% of global production. These countries were followed by Iran, Russia, Oman, India, Germany, Canada, Malaysia, Venezuela, Egypt and Indonesia, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of alcohols production, amongst the leading producing countries, was attained by India, while alcohols production for the other global leaders experienced more modest paces of growth.

Alcohols Exports

Exports

In 2020, overseas shipments of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Global exports peaked at X tons in 2019, and then dropped slightly in the following year.

In value terms, alcohols exports fell markedly to $X in 2020. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2012 to 2020, the growth of global exports remained at a lower figure.

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) represented the major exporters of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, together comprising X% of total exports. 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) followed a long way behind the leaders.

Exports from Saudi Arabia increased at an average annual rate of +X% from 2007 to 2020. 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 global exports. These countries were followed by the Netherlands, Singapore, Taiwan (Chinese), Trinidad and Tobago, Malaysia, Iran, Oman, Canada, Russia and the United Arab Emirates, which together accounted for a further X recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, the export price saw a perceptible reduction. The growth pace was the most rapid in 2011 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per ton in 2008; however, from 2009 to 2020, export prices stood at a somewhat lower figure.

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 global leaders experienced a decline in the export price figures.

Alcohols Imports

Imports

In 2020, the amount of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives imported worldwide expanded modestly to X tons, surging by X% on 2019 figures. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, global imports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, alcohols imports reduced to $X in 2020. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Global imports peaked at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

China was the key importing country with an import of about X tons, which accounted for X% of total imports. The U.S. (X tons) took the second position in the ranking, followed by India (X tons) and South Korea (X tons). All these countries together held approx. X% share of total imports. The following importers - 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) - together made up X% 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 ($X) constitutes the largest market for imported alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives worldwide, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($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 average alcohols import price amounted to $X per ton, reducing by -X% against the previous year. In general, the import price saw a pronounced setback. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

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 global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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