Brazil: 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 Brazil

The Brazilian propyl and isopropyl alcohol market was estimated at $X in 2022, rising by 4.3% against the previous year. In general, consumption, however, recorded a mild downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Brazil

In value terms, propyl and isopropyl alcohol production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 53%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports from Brazil

In 2022, shipments abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -21.1% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 723% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, propyl and isopropyl alcohol exports declined significantly to $X in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2017 with an increase of 852%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for propyl and isopropyl alcohol exports from Brazil, accounting for a 51% share of total exports. Moreover, propyl and isopropyl alcohol exports to Argentina exceeded the volume sent to the second major destination, Colombia (X tons), fourfold. The third position in this ranking was taken by Bolivia (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Argentina stood at +74.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+17.1% per year) and Bolivia (+73.0% per year).

In value terms, Argentina ($X) remains the key foreign market for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports from Brazil, comprising 47% of total exports. The second position in the ranking was held by Colombia ($X), with a 15% share of total exports. It was followed by Bolivia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina stood at +75.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+16.8% per year) and Bolivia (+61.0% per year).

Export Prices by Country

The average propyl and isopropyl alcohol export price stood at $X per ton in 2022, with an increase of 2.2% against the previous year. Over the period under review, the export price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 29% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Guatemala ($X per ton) and Bolivia ($X per ton), while the average price for exports to Argentina ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+16.7%), 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 Brazil

In 2022, after three years of growth, there was significant decline in purchases abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol), when their volume decreased by -14.3% to X tons. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 29% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, propyl and isopropyl alcohol imports dropped to $X in 2022. In general, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 69%. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest propyl and isopropyl alcohol supplier to Brazil, with a 90% share of total imports. Moreover, propyl and isopropyl alcohol imports from the United States exceeded the figures recorded by the second-largest supplier, South Africa (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +10.6%.

In value terms, the United States ($X) constituted the largest supplier of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) to Brazil, comprising 87% of total imports. The second position in the ranking was taken by South Africa ($X), with a 6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +11.7%.

Import Prices by Country

In 2022, the average propyl and isopropyl alcohol import price amounted to $X per ton, growing by 2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 50%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Africa amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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