Ecuador: Market for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) 2025

Market Size for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Ecuador

In 2022, the Ecuadorian propyl and isopropyl alcohol market decreased by -12.3% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, enjoyed a strong increase. Propyl and isopropyl alcohol consumption peaked at $X in 2021, and then dropped in the following year.

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

Exports from Ecuador

In 2022, after two years of growth, there was significant decline in overseas shipments of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol), when their volume decreased by -24.7% to X tons. Overall, exports, however, recorded a slight increase. The pace of growth was the most pronounced in 2020 with an increase of 6,297% against the previous year. The exports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, propyl and isopropyl alcohol exports plummeted to $X in 2022. Over the period under review, exports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2020 with an increase of 6,040%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons) was the main destination for propyl and isopropyl alcohol exports from Ecuador, with a 78% share of total exports. Moreover, propyl and isopropyl alcohol exports to Peru exceeded the volume sent to the second major destination, Colombia (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Peru amounted to +31.6%.

In value terms, Peru ($X) and Colombia ($X) constituted the largest markets for propyl and isopropyl alcohol exported from Ecuador worldwide.

Among the main countries of destination, Peru, with a CAGR of +13.2%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average propyl and isopropyl alcohol export price stood at $X per ton in 2022, stabilizing at the previous year. In general, the export price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2013 an increase of 53%. As a result, the export price attained the peak level of $X per ton. From 2014 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 Colombia ($X per ton), while the average price for exports to Peru totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+3.3%).

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

Imports into Ecuador

After four years of growth, purchases abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -2.2% to X tons in 2022. In general, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2020 when imports increased by 40% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell slightly in the following year.

In value terms, propyl and isopropyl alcohol imports dropped markedly to $X in 2022. Overall, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 47%. Imports peaked at $X in 2021, and then dropped markedly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of propyl and isopropyl alcohol to Ecuador, with a 52% share of total imports. Moreover, propyl and isopropyl alcohol imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Argentina (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+49.5% per year) and Argentina (+8.1% per year).

In value terms, the United States ($X) constituted the largest supplier of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) to Ecuador, comprising 55% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Argentina, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+42.1% per year) and Argentina (+6.4% per year).

Import Prices by Country

In 2022, the average propyl and isopropyl alcohol import price amounted to $X per ton, reducing by -13.8% against the previous year. Overall, the import price continues to indicate a slight reduction. The pace of growth was the most pronounced in 2021 an increase of 39%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for South Korea ($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 Netherlands (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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