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Turkey - Octanol (Octyl Alcohol) And Isomers Thereof - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Turkey - Octanol (Octyl Alcohol) And Isomers Thereof - Market Analysis, Forecast, Size, Trends And Insights

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Jan 10, 2023

Turkey's Octyl Alcohol Price Bottoms at $1,337 per Ton, Fluctuating Wildly over 2022

Turkey Octyl Alcohol Import Price in September 2022

In September 2022, the octyl alcohol price amounted to $1,337 per ton (CIF, Turkey), with a decrease of -14.5% against the previous month. Overall, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in May 2022 an increase of 11% against the previous month. As a result, import price reached the peak level of $2,221 per ton. From June 2022 to September 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Poland ($2,140 per ton), while the price for Saudi Arabia ($1,129 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Romania (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Turkey Octyl Alcohol Imports

In September 2022, after two months of decline, there was significant growth in purchases abroad of octanol (octyl alcohol) and isomers thereof, when their volume increased by 32% to 8.7K tons. In general, imports, however, recorded a deep contraction. The pace of growth was the most pronounced in March 2022 when imports increased by 119% month-to-month. As a result, imports attained the peak of 32K tons. From April 2022 to September 2022, the growth of imports failed to regain momentum.

In value terms, octyl alcohol imports expanded rapidly to $12M (IndexBox estimates) in September 2022. Overall, imports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in March 2022 with an increase of 106% against the previous month. As a result, imports reached the peak of $60M. From April 2022 to September 2022, the growth of imports failed to regain momentum.

Turkey Octyl Alcohol Imports by Country

Saudi Arabia (3.3K tons), Germany (2.9K tons) and Taiwan (Chinese) (2K tons) were the main suppliers of octyl alcohol imports to Turkey, together comprising 94% of total imports.

From January 2022 to September 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +15.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest octyl alcohol suppliers to Turkey were Germany ($3.9M), Saudi Arabia ($3.7M) and Taiwan (Chinese) ($2.9M), together comprising 91% of total imports.

Saudi Arabia, with a CAGR of +14.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Turkey Octyl Alcohol Market Overview

Octyl alcohol is a clear, colorless alcohol with a characteristic mild odor. The cosmetics industry is the largest consumer of octyl alcohol in Turkey, accounting for 60% of total demand. Octyl alcohol is used as an emollient and emulsifier in a variety of cosmetic products, such as creams, lotions, shampoos, and conditioners. The pharmaceutical industry is the second largest consumer of octyl alcohol, accounting for 20% of total demand. Octyl alcohol is used as a solvent and co-solvent in a variety of pharmaceutical products, such as injections, ointments, and tablets.

The main factors influencing the octanol price in Turkey are international crude oil prices and local market conditions. Crude oil prices have a direct impact on the cost of octanol production. When crude oil prices are high, the cost of octanol production increases and the price of octanol increases. Local market conditions, such as supply and demand, also affect the price of octanol in Turkey.

The main drivers of the octyl alcohol market are supply and demand fundamentals. On the demand side, Turkey is a key market for octyl alcohol due to its large textile and construction industries. On the supply side, there are a limited number of producers of octyl alcohol globally. The majority of production takes place in Asia, with China being the largest producer. Other major producers include India, South Korea, and Taiwan.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the octyl alcohol market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20142263 - Octanol (octyl alcohol) and isomers thereof

Country coverage:

  • Turkey

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Turkey
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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