Australia and Oceania: Market for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) 2024

Market Size for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Australia and Oceania

The propyl and isopropyl alcohol market in Australia and Oceania was estimated at $X in 2022, increasing by 12% against the previous year. The total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -21.4% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Australia and Oceania

In value terms, propyl and isopropyl alcohol production amounted to $X in 2022 estimated in export price. Overall, production showed a perceptible reduction. The most prominent rate of growth was recorded in 2015 when the production volume increased by 150%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Exports in Australia and Oceania

In 2022, propyl and isopropyl alcohol exports in Australia and Oceania declined dramatically to X tons, which is down by -15.6% compared with the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 482% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, propyl and isopropyl alcohol exports expanded remarkably to $X in 2022. In general, exports, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 272%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Australia was the key exporter of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in Australia and Oceania, with the volume of exports accounting for X tons, which was approx. 60% of total exports in 2022. It was distantly followed by New Zealand (X tons), mixing up a 39% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by New Zealand (with a CAGR of +13.6%).

In value terms, Australia ($X) remains the largest propyl and isopropyl alcohol supplier in Australia and Oceania, comprising 87% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at +3.2%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, growing by 25% against the previous year. Overall, the export price recorded a tangible expansion. The pace of growth was the most pronounced in 2016 when the export price increased by 109%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.6%).

Imports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Imports in Australia and Oceania

Propyl and isopropyl alcohol imports expanded notably to X tons in 2022, surging by 5.8% compared with 2021 figures. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 54%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, propyl and isopropyl alcohol imports expanded rapidly to $X in 2022. Total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 81% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Australia (X tons) represented the largest importer of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol), mixing up 81% of total imports. It was distantly followed by New Zealand (X tons), generating a 17% share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol). New Zealand experienced a relatively flat trend pattern. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in Australia and Oceania, comprising 73% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 23% share of total imports.

In Australia, propyl and isopropyl alcohol imports expanded at an average annual rate of +1.4% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, picking up by 7.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2020 when the import price increased by 17%. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.2%).

Source: IndexBox Platform

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