Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Belgium - 2023

Contents:

1. Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Belgium (FOB) - 2022
2. Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Belgium (CIF) - 2023
3. Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Belgium
4. Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Belgium

Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Belgium (FOB) - 2022

The average export price for alcohols; aromatic alcohols and derivatives, benzyl alcohol stood at $3,721 per ton in 2022, rising by 40% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for alcohols; aromatic alcohols and derivatives, benzyl alcohol increased by +115.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 43%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($43,134 per ton), while the average price for exports to the UK ($2,649 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+33.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Belgium (CIF) - 2023

The average import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol stood at $2,468 per ton in November 2023, remaining constant against the previous month. Overall, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 442% month-to-month. As a result, import price reached the peak level of $17,553 per ton. From August 2023 to November 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,057 per ton), while the price for China ($1,923 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by India (-0.9%), while the prices for the other major suppliers experienced a decline.

Exports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Belgium

In 2022, overseas shipments of alcohols; aromatic alcohols and derivatives, benzyl alcohol decreased by -39.8% to 472 tons, falling for the second year in a row after two years of growth. In general, exports faced a sharp shrinkage. The growth pace was the most rapid in 2020 with an increase of 6.2% against the previous year. As a result, the exports reached the peak of 1.2K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of alcohols; aromatic alcohols and derivatives, benzyl alcohol dropped dramatically to $1.8M in 2022. Overall, exports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2020 with an increase of 15% against the previous year. As a result, the exports reached the peak of $2.2M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol from Belgium in 2022:

1. France (175.7 tons)
2. Poland (131.6 tons)
3. Germany (64.3 tons)
4. Netherlands (58.6 tons)
5. Switzerland (26.3 tons)
6. United Kingdom (1.6 tons)
7. Italy (0.1 tons)

Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in Belgium

In 2022, approx. 546 tons of alcohols; aromatic alcohols and derivatives, benzyl alcohol were imported into Belgium; which is down by -39.4% compared with the year before. Overall, imports continue to indicate a dramatic shrinkage. The smallest decline of -1% was in 2020.

In value terms, imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol fell modestly to $2.3M in 2022. In general, imports recorded a pronounced curtailment. The growth pace was the most rapid in 2020 when imports increased by 6.8% against the previous year. As a result, imports attained the peak of $2.6M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol to Belgium in 2022:

1. India (219.0 tons)
2. Netherlands (185.7 tons)
3. China (45.4 tons)
4. Germany (42.3 tons)
5. United Kingdom (22.7 tons)
6. United States (18.4 tons)
7. Poland (8.7 tons)

Source: IndexBox Market Intelligence Platform