Denmark: 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 Denmark

In 2022, the Danish propyl and isopropyl alcohol market decreased by -30.9% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption, however, enjoyed a mild increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

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

In value terms, propyl and isopropyl alcohol production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 163%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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

Exports from Denmark

In 2022, approx. X tons of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) were exported from Denmark; surging by 9.7% against the previous year's figure. Overall, exports, however, continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2015 when exports increased by 31% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, propyl and isopropyl alcohol exports stood at $X in 2022. In general, exports enjoyed mild growth. The most prominent rate of growth was recorded in 2020 with an increase of 80%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for propyl and isopropyl alcohol exports from Denmark, with a 96% share of total exports. It was followed by Norway (X tons), with a 0.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to -2.9%.

In value terms, Sweden ($X) remains the key foreign market for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports from Denmark, comprising 89% of total exports. The second position in the ranking was taken by Norway ($X), with a 1.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled +1.6%.

Export Prices by Country

In 2022, the average propyl and isopropyl alcohol export price amounted to $X per ton, remaining stable against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, propyl and isopropyl alcohol export price decreased by -9.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 55%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Sweden amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+10.3%).

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

Imports into Denmark

In 2022, supplies from abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -26.5% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports saw a mild decrease. The pace of growth was the most pronounced in 2020 when imports increased by 43% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, propyl and isopropyl alcohol imports declined remarkably to $X in 2022. In general, imports, however, showed a mild expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 87%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of propyl and isopropyl alcohol imports to Denmark, with a combined 98% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +3.0%), while imports for the other leaders experienced a decline.

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) were the largest propyl and isopropyl alcohol suppliers to Denmark, with a combined 94% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +5.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average propyl and isopropyl alcohol import price stood at $X per ton in 2022, waning by -3.1% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, propyl and isopropyl alcohol import price increased by +64.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 56% against the previous year. The import price peaked at $X per ton in 2021, and then reduced slightly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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