Brazil: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in Brazil

The Brazilian octyl alcohol market contracted to $X in 2022, with a decrease of -4.7% against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Octyl Alcohol Production in Brazil

In value terms, octyl alcohol production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 25% against the previous year. Octyl alcohol production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Octyl Alcohol Exports

Exports from Brazil

In 2022, shipments abroad of octanol (octyl alcohol) and isomers thereof increased by 262% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, faced a dramatic decrease. The pace of growth was the most pronounced in 2018 when exports increased by 653%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, octyl alcohol exports skyrocketed to $X in 2022. In general, exports, however, faced a abrupt descent. The growth pace was the most rapid in 2018 when exports increased by 694%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for octyl alcohol exports from Brazil, with a 93% share of total exports. Moreover, octyl alcohol exports to Argentina exceeded the volume sent to the second major destination, Uruguay (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina stood at -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-23.8% per year) and the United States (-36.8% per year).

In value terms, Argentina ($X) remains the key foreign market for octanol (octyl alcohol) and isomers thereof exports from Brazil, comprising 93% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 4.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Argentina amounted to -9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-22.3% per year) and the United States (-35.4% per year).

Export Prices by Country

In 2022, the average octyl alcohol export price amounted to $X per ton, with an increase of 1.6% against the previous year. Overall, the export price recorded a measured increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 191%. The export price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to the United States ($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 Chile (+34.1%), while the prices for the other major destinations experienced more modest paces of growth.

Octyl Alcohol Imports

Imports into Brazil

Octyl alcohol imports into Brazil was estimated at X tons in 2022, picking up by 8.6% against the previous year. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 738% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, octyl alcohol imports stood at $X in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 485%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of octyl alcohol to Brazil, with a 82% share of total imports. Moreover, octyl alcohol imports from the United States exceeded the figures recorded by the second-largest supplier, Sweden (X tons), more than tenfold. Malaysia (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +122.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+62.7% per year) and Malaysia (+170.4% per year).

In value terms, the United States ($X) constituted the largest supplier of octanol (octyl alcohol) and isomers thereof to Brazil, comprising 73% of total imports. The second position in the ranking was held by Sweden ($X), with a 10% share of total imports. It was followed by Malaysia, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +118.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+62.4% per year) and Malaysia (+164.9% per year).

Import Prices by Country

The average octyl alcohol import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 55%. The import price peaked at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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