Argentina: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in Argentina

In 2022, the Argentinian octyl alcohol market decreased by -20.9% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, enjoyed a remarkable increase. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Octyl Alcohol Exports

Exports from Argentina

In 2022, overseas shipments of octanol (octyl alcohol) and isomers thereof decreased by -3.2% to X kg, falling for the second year in a row after six years of growth. Overall, exports recorded a pronounced setback. The growth pace was the most rapid in 2015 with an increase of 71%. Over the period under review, the exports attained the maximum at X kg in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, octyl alcohol exports fell rapidly to $X in 2022. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Bolivia (X kg) was the main destination for octyl alcohol exports from Argentina, accounting for a 90% share of total exports. Moreover, octyl alcohol exports to Bolivia exceeded the volume sent to the second major destination, Brazil (X kg), more than tenfold. Chile (X kg) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume to Bolivia amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (0.0% per year) and Chile (-14.9% per year).

In value terms, Bolivia ($X) remains the key foreign market for octanol (octyl alcohol) and isomers thereof exports from Argentina, comprising 98% of total exports. The second position in the ranking was taken by Brazil ($X), with a 0.8% share of total exports. It was followed by Chile, with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia stood at -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (0.0% per year) and Chile (-30.1% per year).

Export Prices by Country

In 2022, the average octyl alcohol export price amounted to $X per ton, waning by -13.1% against the previous year. In general, the export price recorded a noticeable decrease. The pace of growth appeared the most rapid in 2021 when the average export price increased by 78%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Uruguay ($X 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 the Netherlands (+8.0%), while the prices for the other major destinations experienced a decline.

Octyl Alcohol Imports

Imports into Argentina

In 2022, supplies from abroad of octanol (octyl alcohol) and isomers thereof decreased by -34.6% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 110% against the previous year. Imports peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, octyl alcohol imports fell to $X in 2022. In general, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 180%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of octyl alcohol to Argentina, with a 72% share of total imports. Moreover, octyl alcohol imports from the United States exceeded the figures recorded by the second-largest supplier, Sweden (X tons), sevenfold. The third position in this ranking was taken by China (X tons), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +49.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+35.0% per year) and China (+52.3% per year).

In value terms, the United States ($X) constituted the largest supplier of octanol (octyl alcohol) and isomers thereof to Argentina, comprising 70% of total imports. The second position in the ranking was taken by Sweden ($X), with a 12% share of total imports. It was followed by China, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +55.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+47.5% per year) and China (+66.7% per year).

Import Prices by Country

The average octyl alcohol import price stood at $X per ton in 2022, increasing by 34% against the previous year. Overall, the import price recorded a modest expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 76% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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