Austria: 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 Austria

In 2022, the Austrian propyl and isopropyl alcohol market decreased by -0.9% to $X, falling for the second consecutive year after five years of growth. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

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

Exports from Austria

In 2022, overseas shipments of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -22.7% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 195% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, propyl and isopropyl alcohol exports reduced notably to $X in 2022. Over the period under review, exports, however, recorded a slight increase. The most prominent rate of growth was recorded in 2020 when exports increased by 276%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons), Greece (X tons) and Morocco (X tons) were the main destinations of propyl and isopropyl alcohol exports from Austria, together accounting for 62% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +139.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Greece ($X) and Morocco ($X) appeared to be the largest markets for propyl and isopropyl alcohol exported from Austria worldwide, together comprising 52% of total exports.

Morocco, with a CAGR of +156.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average propyl and isopropyl alcohol export price amounted to $X per ton, falling by -4.9% against the previous year. Over the period under review, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 52%. As a result, the export price attained the peak level of $X per ton, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Latvia ($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 Bulgaria (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Austria

In 2022, overseas purchases of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -11.3% to X tons, falling for the second consecutive year after three years of growth. In general, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 -28.7% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 39%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, propyl and isopropyl alcohol imports amounted to $X in 2022. Overall, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by 54% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest propyl and isopropyl alcohol supplier to Austria, with a 62% share of total imports. Moreover, propyl and isopropyl alcohol imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was held by Belgium (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+4.5% per year) and Belgium (+56.1% per year).

In value terms, Germany ($X) constituted the largest supplier of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) to Austria, comprising 65% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total imports. It was followed by Belgium, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.3% per year) and Belgium (+40.3% per year).

Import Prices by Country

In 2022, the average propyl and isopropyl alcohol import price amounted to $X per ton, picking up by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 an increase of 32% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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