Benelux: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in Benelux

In 2022, after two years of decline, there was significant growth in the Benelux octyl alcohol market, when its value increased by 40% to $X. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +9.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Octyl Alcohol Production in Benelux

In value terms, octyl alcohol production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 96% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Octyl Alcohol Exports

Exports in Benelux

In 2022, after six years of growth, there was significant decline in shipments abroad of octanol (octyl alcohol) and isomers thereof, when their volume decreased by -59.7% to X tons. Over the period under review, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by 115%. The volume of export peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, octyl alcohol exports shrank markedly to $X in 2022. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 185% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced markedly in the following year.

Exports by Country

The Netherlands dominates exports structure, finishing at X tons, which was near 93% of total exports in 2022. It was distantly followed by Belgium (X tons), mixing up a 7% share of total exports.

The Netherlands was also the fastest-growing in terms of the octanol (octyl alcohol) and isomers thereof exports, with a CAGR of +20.3% from 2012 to 2022. Belgium (-16.6%) illustrated a downward trend over the same period. The Netherlands (+68 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -67.5% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest octyl alcohol supplier in Benelux, comprising 93% of total exports. The second position in the ranking was held by Belgium ($X), with a 7.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to +21.4%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, jumping by 19% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2021 an increase of 34%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.8%).

Octyl Alcohol Imports

Imports in Benelux

In 2022, supplies from abroad of octanol (octyl alcohol) and isomers thereof decreased by -66.1% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 232% against the previous year. The volume of import peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, octyl alcohol imports declined dramatically to $X in 2022. Over the period under review, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 143%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Belgium was the largest importer of octanol (octyl alcohol) and isomers thereof in Benelux, with the volume of imports resulting at X tons, which was approx. 80% of total imports in 2022. It was distantly followed by the Netherlands (X tons), constituting a 20% share of total imports.

Belgium was also the fastest-growing in terms of the octanol (octyl alcohol) and isomers thereof imports, with a CAGR of -6.8% from 2012 to 2022. The Netherlands (-11.3%) illustrated a downward trend over the same period. Belgium (+9 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -9% from 2012 to 2022, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported octanol (octyl alcohol) and isomers thereof in Benelux, comprising 78% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Belgium stood at -5.5%.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, increasing by 41% against the previous year. Import price indicated slight growth from 2012 to 2022: its price 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, octyl alcohol import price increased by +76.7% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.6%).

Source: IndexBox Platform