Europe: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in Europe

After two years of decline, the Europe octyl alcohol market increased by 5.4% to $X in 2022. The market value increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Octyl Alcohol Production in Europe

In value terms, octyl alcohol production reduced modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 22%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Octyl Alcohol Exports

Exports in Europe

In 2022, approx. X tons of octanol (octyl alcohol) and isomers thereof were exported in Europe; dropping by -42.4% compared with the previous year. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 88% against the previous year. As a result, the exports reached the peak of X tons, and then dropped notably in the following year.

In value terms, octyl alcohol exports dropped sharply to $X in 2022. Overall, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 157%. As a result, the exports attained the peak of $X, and then declined rapidly in the following year.

Exports by Country

Germany represented the largest exporting country with an export of about X tons, which recorded 52% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a 23% share, followed by France (17%). The following exporters - Romania (X tons), Belgium (X tons) and Russia (X tons) - each resulted at a 5.9% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to octyl alcohol exports from Germany stood at -5.2%. At the same time, France (+102.6%) and the Netherlands (+20.3%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in Europe, with a CAGR of +102.6% from 2012-2022. By contrast, Romania (-5.8%), Belgium (-16.6%) and Russia (-21.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands and France increased by +21 and +17 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest octyl alcohol supplier in Europe, comprising 53% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 25% share of total exports. It was followed by France, with a 16% share.

In Germany, octyl alcohol exports shrank by an average annual rate of -3.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+21.4% per year) and France (+90.4% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, picking up by 14% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, octyl alcohol export price increased by +55.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 37% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.8%), while the other leaders experienced more modest paces of growth.

Octyl Alcohol Imports

Imports in Europe

After two years of growth, overseas purchases of octanol (octyl alcohol) and isomers thereof decreased by -36.4% to X tons in 2022. Overall, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 when imports increased by 15% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, octyl alcohol imports dropped to $X in 2022. In general, imports showed a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 60%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), Italy (X tons), Belgium (X tons), Germany (X tons) and the Czech Republic (X tons) represented roughly 77% of total imports in 2022. It was distantly followed by Spain (X tons), making up a 4.8% share of total imports. The Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +5.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest octyl alcohol importing markets in Europe were France ($X), Italy ($X) and Belgium ($X), together accounting for 54% of total imports.

Italy, with a CAGR of +7.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, jumping by 36% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 +90.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 41% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform