Czech Republic: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in the Czech Republic

In 2022, the Czech octyl alcohol market increased by 20% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +45.0% against 2020 indices. Octyl alcohol consumption peaked in 2022 and is likely to see steady growth in the near future.

Octyl Alcohol Production in the Czech Republic

In value terms, octyl alcohol production reached $X in 2022 estimated in export price. Over the period under review, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 65%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Octyl Alcohol Exports

Exports from the Czech Republic

After four years of growth, overseas shipments of octanol (octyl alcohol) and isomers thereof decreased by -72.7% to X tons in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 4,492%. Over the period under review, the exports attained the maximum at X tons in 2021, and then reduced remarkably in the following year.

In value terms, octyl alcohol exports dropped remarkably to $X in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 12,892%. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped markedly in the following year.

Exports by Country

Belgium (X tons) was the main destination for octyl alcohol exports from the Czech Republic, with a 68% share of total exports. Moreover, octyl alcohol exports to Belgium exceeded the volume sent to the second major destination, Italy (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled -51.6%.

In value terms, Belgium ($X) remains the key foreign market for octanol (octyl alcohol) and isomers thereof exports from the Czech Republic, comprising 68% of total exports. The second position in the ranking was held by Italy ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium amounted to -53.6%.

Export Prices by Country

The average octyl alcohol export price stood at $X per ton in 2022, increasing by 10% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 183% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-3.4%), while the prices for the other major destinations experienced a decline.

Octyl Alcohol Imports

Imports into the Czech Republic

Octyl alcohol imports into the Czech Republic fell sharply to X tons in 2022, dropping by -25.3% on 2021. In general, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 24%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, octyl alcohol imports rose notably to $X in 2022. Overall, imports recorded a slight slump. The most prominent rate of growth was recorded in 2021 when imports increased by 61%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of octyl alcohol to the Czech Republic, with a 68% share of total imports. Moreover, octyl alcohol imports from Poland exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+7.2% per year) and Belgium (+36.1% per year).

In value terms, Poland ($X) constituted the largest supplier of octanol (octyl alcohol) and isomers thereof to the Czech Republic, comprising 67% of total imports. The second position in the ranking was held by Sweden ($X), with a 19% share of total imports. It was followed by Belgium, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+10.1% per year) and Belgium (+38.8% per year).

Import Prices by Country

In 2022, the average octyl alcohol import price amounted to $X per ton, increasing by 48% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +104.3% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Switzerland ($X per ton), while the price for France ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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