EU: 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 the EU

The EU propyl and isopropyl alcohol market rose markedly to $X in 2022, picking up by 15% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, propyl and isopropyl alcohol production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 34%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports in the EU

In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exported in the European Union fell dramatically to X tons, reducing by -25.7% against 2021 figures. Over the period under review, exports showed a slight curtailment. The pace of growth was the most pronounced in 2020 with an increase of 56% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, propyl and isopropyl alcohol exports fell significantly to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 105% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, the Netherlands (X tons), distantly followed by Germany (X tons), Belgium (X tons) and France (X tons) were the key exporters of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol), together mixing up 94% of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +7.5%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest propyl and isopropyl alcohol supplying countries in the European Union were the Netherlands ($X), Germany ($X) and Belgium ($X), together comprising 75% of total exports. These countries were followed by France, which accounted for a further 18%.

France, with a CAGR of +12.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, increasing by 10% against the previous year. Export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 increased by +46.3% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by 46%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Germany ($X per ton) and Belgium ($X per ton), while the Netherlands ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.5%), while the other leaders experienced more modest paces of growth.

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

Imports in the EU

In 2022, overseas purchases of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -15.9% to X tons, falling for the second consecutive year after three years of growth. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 46% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, propyl and isopropyl alcohol imports dropped modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a modest increase. The growth pace was the most rapid in 2020 with an increase of 94%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons) and Belgium (X tons) represented roughly 45% of total imports in 2022. It was distantly followed by Spain (X tons), Italy (X tons), the Netherlands (X tons) and France (X tons), together generating a 33% share of total imports. The following importers - Poland (X tons), Austria (X tons), Ireland (X tons) and Sweden (X tons) - together made up 11% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +4.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest propyl and isopropyl alcohol importing markets in the European Union were Germany ($X), Belgium ($X) and Spain ($X), with a combined 53% share of total imports. Italy, the Netherlands, France, Ireland, Austria, Poland and Sweden lagged somewhat behind, together comprising a further 36%.

In terms of the main importing countries, Poland, with a CAGR of +6.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 an increase of 46% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 Ireland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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