my country’s fatty alcohol production is gradually increasing and imports are increasing

Fatty alcohols, also known as carbon number fatty alcohols, are alcohols formed by connecting aliphatic hydrocarbon groups and hydroxyl groups. They mostly appear as a colorless liquid or solid with a mild odor at normal temperatures and pressures. With the gradual advancement of production technology, the types of fatty alcohols are becoming increasingly abundant. According to different carbon atom contents, fatty alcohols are divided into low carbon number fatty alcohols, medium carbon number fatty alcohols, high carbon number fatty alcohols, etc.; according to different raw materials, fatty alcohols are further divided into synthetic fatty alcohols, natural fatty alcohols, etc.

At present, my country’s fatty alcohol industry chain has basically been formed. The upstream of the industrial chain is mainly the raw material industry, providing coconut oil, carbon monoxide, palm oil, hydrogen and other raw materials; the midstream is mainly the fatty alcohol production industry, responsible for the production and production of fatty alcohols; the downstream is mainly the application field, and fatty alcohols are mostly used for surface activity Agents, detergents, antistatic agents, cosmetics, medicines, lubricant additives, coatings and other fields.

The fatty acid alcohol components in fatty alcohols can provide nutrients to the skin, reduce water loss in the skin, and thereby restore skin gloss, so they are widely used in the field of cosmetics. In the field of medicine, fatty alcohols can inhibit cell growth and have antioxidant effects on brain cells. They are often used as raw materials for the production of vitamins, antibiotics, neurological drugs, etc. Overall, my country’s fatty alcohol market demand is relatively huge.

According to the “China Fatty Alcohol Industry Market In-depth Research and Development Prospects Forecast Report 2023-2028” released by the Industrial Research Center, in Driven by downstream market demand, my country’s fatty alcohol production capacity has gradually expanded and output has increased. According to statistics from the China Laundry Association Table Committee, my country’s fatty alcohol production will reach 429,000 tons in 2022, a year-on-year increase of 7.00%.

Since there is a certain gap between my country’s fatty alcohol production and market demand, it still needs to be imported in large quantities from abroad. As market demand gradually grows, my country’s imports of fatty alcohols continue to increase. According to data released by the General Administration of Customs, in 2022, my country’s fatty alcohol import volume was 4.681 billion yuan, a year-on-year increase of 12.59%; the import value was 6.449 billion yuan, a year-on-year increase of 30.32%.

From the perspective of import source countries, my country’s fatty alcohol import source countries mainly include Malaysia, South Africa, Indonesia, Thailand, etc. Among them, Indonesia has become the country with the largest import volume of fatty alcohols in my country, accounting for 64.27% of the import volume; followed by Malaysia, accounting for 19.41% of the import volume.

Industry analysts said that the major fatty alcohol companies in my country include Jiahua Energy, Shengtai Chemical, Dongpu New Materials, Hengxiang Chemical, etc. Among them, Jiahua Energy has a large market share and has become a leading company in the industry. With the rapid development of my country’s fatty alcohol market, Jiahua Energy’s operating income has increased. According to data in the company’s annual report, in 2022, Jiahua Energy achieved operating income of 11.503 billion yuan, an increase of 26.90% over the same period last year.