Global Aromatic Alcohols Market 2025

Aromatic Alcohols Market Size

In 2021, the global aromatic alcohols market decreased by -2.8% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $X in 2020, and then shrank modestly in the following year.

Aromatic Alcohols Production

In value terms, aromatic alcohols production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 14% against the previous year. Global production peaked at $X in 2020, and then shrank modestly in the following year.

Aromatic Alcohols Exports

Exports

In 2021, approx. X tons of aromatic alcohols and their derivatives were exported worldwide; with an increase of 6.5% against the previous year's figure. Overall, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 25% against the previous year. The global exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, aromatic alcohols exports rose significantly to $X in 2021. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 31%. The global exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, Saudi Arabia (X tons), distantly followed by China (X tons), India (X tons), the Netherlands (X tons) and Germany (X tons) were the major exporters of aromatic alcohols and their derivatives, together comprising 93% of total exports. The following exporters - Japan (X tons) and the United States (X tons) - each reached a 4% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of +11.3%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest aromatic alcohols supplying countries worldwide were China ($X), Saudi Arabia ($X) and India ($X), together comprising 70% of global exports.

India, with a CAGR of +9.5%, 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 global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average aromatic alcohols export price amounted to $X per ton, rising by 7.8% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aromatic alcohols export price increased by +91.9% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 59%. The global export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+8.8%), while the other global leaders experienced more modest paces of growth.

Aromatic Alcohols Imports

Imports

In 2021, the amount of aromatic alcohols and their derivatives imported worldwide rose notably to X tons, surging by 5.4% on the previous year's figure. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2018 when imports increased by 16%. Over the period under review, global imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, aromatic alcohols imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 30%. Over the period under review, global imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the United States (X tons), distantly followed by Japan (X tons), the UK (X tons), South Korea (X tons), China (X tons), Germany (X tons) and Brazil (X tons) were the main importers of aromatic alcohols and their derivatives, together committing 47% of total imports. The following importers - the Netherlands (X tons), Italy (X tons), Spain (X tons), the United Arab Emirates (X tons), Singapore (X tons) and France (X tons) - together made up 22% of total imports.

From 2012 to 2021, average annual rates of growth with regard to aromatic alcohols imports into the United States stood at +4.8%. At the same time, China (+8.1%), the Netherlands (+7.6%), Brazil (+7.4%), South Korea (+5.1%), Japan (+3.4%), the UK (+3.1%), France (+3.0%), Italy (+2.9%), the United Arab Emirates (+2.3%), Singapore (+1.5%) and Spain (+1.1%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +8.1% from 2012-2021. By contrast, Germany (-4.5%) illustrated a downward trend over the same period. The United States (+2.7 p.p.), China (+1.8 p.p.), Brazil (+1.6 p.p.) and the Netherlands (+1.5 p.p.) significantly strengthened its position in terms of the global imports, while Germany saw its share reduced by -4.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), the UK ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 23% share of global imports. France, Germany, Japan, South Korea, the United Arab Emirates, Singapore, Spain, Brazil, Italy and the Netherlands lagged somewhat behind, together comprising a further 38%.

In terms of the main importing countries, France, with a CAGR of +10.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average aromatic alcohols import price stood at $X per ton in 2021, rising by 6.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 12%. Global import price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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