Report Update Nov 1, 2024

Ecuador - Octanol (Octyl Alcohol) and Isomers Thereof - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in Ecuador

The Ecuadorian octyl alcohol market rose to $X in 2022, increasing by 3% against the previous year. The market value increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Octyl alcohol consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Octyl Alcohol Production in Ecuador

In value terms, octyl alcohol production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.7% over the period 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 2013 with an increase of 32% against the previous year. Octyl alcohol production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Octyl Alcohol Exports

Exports from Ecuador

In 2017, shipments abroad of octanol (octyl alcohol) and isomers thereof decreased by 0% to X tons, falling for the second year in a row after two years of growth. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2015 with an increase of 234% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2017, the growth of the exports remained at a lower figure.

In value terms, octyl alcohol exports totaled $X in 2017. In general, exports posted a strong expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 212%. As a result, the exports attained the peak of $X. From 2016 to 2017, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for octyl alcohol exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2014 to 2017, the average annual rate of growth in terms of volume to Colombia was relatively modest.

From 2014 to 2017, the average annual rate of growth in terms of value to Colombia was relatively modest.

Export Prices by Country

The average octyl alcohol export price stood at $X per ton in 2017, approximately mirroring the previous year. In general, the export price saw a abrupt descent. The growth pace was the most rapid in 2015 when the average export price decreased by -6.7%. The export price peaked at $X per ton in 2014; however, from 2015 to 2017, the export prices failed to regain momentum.

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

From 2014 to 2017, the rate of growth in terms of prices for Singapore amounted to -6.7% per year.

Octyl Alcohol Imports

Imports into Ecuador

In 2022, the amount of octanol (octyl alcohol) and isomers thereof imported into Ecuador reduced to X kg, with a decrease of -14.2% on the previous year's figure. Over the period under review, imports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2013 when imports increased by 127%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, octyl alcohol imports skyrocketed to $X in 2022. In general, imports saw a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 115%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X kg) constituted the largest octyl alcohol supplier to Ecuador, with a 87% share of total imports. Moreover, octyl alcohol imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +49.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-33.5% per year) and the United States (-13.5% per year).

In value terms, the United States ($X), China ($X) and Colombia ($X) were the largest octyl alcohol suppliers to Ecuador, together accounting for 93% of total imports.

In terms of the main suppliers, China, with a CAGR of +64.4%, recorded the highest rates of growth with regard to 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 octyl alcohol import price stood at $X per ton in 2022, surging by 35% against the previous year. Overall, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 107% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for octanol (octyl alcohol) and isomers thereof in the world?

China remains the largest octyl alcohol consuming country worldwide, accounting for 21% of total volume. Moreover, octyl alcohol consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 7.9% share.

What are the largest producers of octanol (octyl alcohol) and isomers thereof in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 36% of global production.

What are the leading suppliers of octanol (octyl alcohol) and isomers thereof to Ecuador?

In value terms, the largest octyl alcohol suppliers to Ecuador were India $163), Japan $111) and Austria $93), with a combined 80% share of total imports. Germany lagged somewhat behind, accounting for a further 20%.

What is the average export price for octanol (octyl alcohol) and isomers thereof in Ecuador?

In 2017, the average octyl alcohol export price amounted to $3,002 per ton, standing approx. at the previous year.

What is the average import price for octanol (octyl alcohol) and isomers thereof in Ecuador?

In 2021, the average octyl alcohol import price amounted to $28,750 per ton, dropping by -21.4% against the previous year.

This report provides an in-depth analysis of the octyl alcohol market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20142263 - Octanol (octyl alcohol) and isomers thereof

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023