Belarus: 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 Belarus

After five years of growth, the Belarusian propyl and isopropyl alcohol market decreased by -4.7% to $X in 2022. In general, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +87.5% against 2016 indices. Propyl and isopropyl alcohol consumption peaked at $X in 2021, and then dropped in the following year.

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

Exports from Belarus

After two years of growth, shipments abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -11.9% to X tons in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 452% against the previous year. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, propyl and isopropyl alcohol exports dropped to $X in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 337% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Kazakhstan (X tons) was the main destination for propyl and isopropyl alcohol exports from Belarus, accounting for a 92% share of total exports. Moreover, propyl and isopropyl alcohol exports to Kazakhstan exceeded the volume sent to the second major destination, Russia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan totaled +30.6%.

In value terms, Kazakhstan ($X) remains the key foreign market for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports from Belarus, comprising 83% of total exports. The second position in the ranking was held by Russia ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan totaled +29.9%.

Export Prices by Country

The average propyl and isopropyl alcohol export price stood at $X per ton in 2022, shrinking by -2% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 50%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kazakhstan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+5.3%).

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

Imports into Belarus

In 2022, after six years of growth, there was decline in purchases abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol), when their volume decreased by -3.9% to X tons. In general, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.2% against 2015 indices. The most prominent rate of growth was recorded in 2019 with an increase of 22%. Imports peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, propyl and isopropyl alcohol imports reduced to $X in 2022. Over the period under review, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 50%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

China (X tons), Russia (X tons) and the United States (X tons) were the main suppliers of propyl and isopropyl alcohol imports to Belarus, with a combined 71% share of total imports. Lithuania, Germany, Poland, Turkey and the Netherlands lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +151.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest propyl and isopropyl alcohol suppliers to Belarus were China ($X), Russia ($X) and the United States ($X), with a combined 75% share of total imports. Lithuania, Germany, Poland, Turkey and the Netherlands lagged somewhat behind, together comprising a further 21%.

Turkey, with a CAGR of +136.9%, recorded 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 more modest paces of growth.

Import Prices by Country

The average propyl and isopropyl alcohol import price stood at $X per ton in 2022, remaining constant against the previous year. Overall, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 an increase of 27%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($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 Netherlands (+17.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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