CIS: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in CIS

The CIS octyl alcohol market dropped to $X in 2022, falling by -3.9% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value 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. Based on 2022 figures, consumption increased by +4.9% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Octyl Alcohol Production in CIS

In value terms, octyl alcohol production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 43% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Octyl Alcohol Exports

Exports in CIS

In 2022, shipments abroad of octanol (octyl alcohol) and isomers thereof increased by 105% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, showed a dramatic shrinkage. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, octyl alcohol exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a precipitous decrease. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) represented roughly 99% of total exports in 2022.

Russia was also the fastest-growing in terms of the octanol (octyl alcohol) and isomers thereof exports, with a CAGR of -21.7% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest octyl alcohol supplier in the CIS.

In Russia, octyl alcohol exports plunged by an average annual rate of -27.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, declining by -9.7% against the previous year. In general, the export price saw a abrupt slump. The growth pace was the most rapid in 2017 when the export price increased by 36%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -6.9% per year.

Octyl Alcohol Imports

Imports in CIS

After four years of growth, supplies from abroad of octanol (octyl alcohol) and isomers thereof decreased by -22.4% to X tons in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 155% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then fell notably in the following year.

In value terms, octyl alcohol imports shrank remarkably to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 317%. As a result, imports reached the peak of $X, and then declined significantly in the following year.

Imports by Country

Russia represented the largest importer of octanol (octyl alcohol) and isomers thereof in the CIS, with the volume of imports resulting at X tons, which was approx. 68% of total imports in 2022. It was distantly followed by Belarus (X tons) and Uzbekistan (X tons), together achieving a 29% share of total imports. Azerbaijan (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the octanol (octyl alcohol) and isomers thereof imports, with a CAGR of +91.2% from 2012 to 2022. At the same time, Uzbekistan (+45.0%), Belarus (+8.7%) and Azerbaijan (+7.7%) displayed positive paces of growth. From 2012 to 2022, the share of Russia and Uzbekistan increased by +67 and +13 percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported octanol (octyl alcohol) and isomers thereof in the CIS, comprising 74% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 14% share of total imports. It was followed by Belarus, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled +80.7%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+58.3% per year) and Belarus (+1.5% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, falling by -13.8% against the previous year. In general, the import price showed a slight setback. The pace of growth was the most pronounced in 2021 an increase of 65% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Azerbaijan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+9.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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