France: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in France

In 2022, the French octyl alcohol market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Octyl alcohol consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Octyl Alcohol Production in France

In value terms, octyl alcohol production declined slightly to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2013 with an increase of 89% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Octyl Alcohol Exports

Exports from France

In 2022, exports of octanol (octyl alcohol) and isomers thereof from France contracted to X tons, declining by -10.5% on the year before. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 4,329,545%. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, octyl alcohol exports amounted to $X in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 5,057,654% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Turkey (X tons), Italy (X tons) and Belgium (X tons) were the main destinations of octyl alcohol exports from France, together comprising 74% of total exports. Spain, Poland, the Czech Republic, Germany and Mexico lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +2,284.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for octyl alcohol exported from France were Turkey ($X), Italy ($X) and Belgium ($X), with a combined 71% share of total exports. Spain, Poland, the Czech Republic, Germany and Mexico lagged somewhat behind, together accounting for a further 23%.

Among the main countries of destination, the Czech Republic, with a CAGR of +4,645.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average octyl alcohol export price amounted to $X per ton, rising by 12% against the previous year. Over the period under review, the export price, however, showed a deep setback. The growth pace was the most rapid in 2017 an increase of 57%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Mexico ($X per ton) and Germany ($X per ton), while the average price for exports to Turkey ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+99.1%), while the prices for the other major destinations experienced more modest paces of growth.

Octyl Alcohol Imports

Imports into France

In 2022, the amount of octanol (octyl alcohol) and isomers thereof imported into France fell to X tons, which is down by -3.1% compared with the previous year's figure. Overall, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +4.0% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 53%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, octyl alcohol imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +102.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of octyl alcohol to France, accounting for a 48% share of total imports. Moreover, octyl alcohol imports from Belgium exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fourfold. The third position in this ranking was held by Poland (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium totaled +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+38.7% per year) and Poland (-4.4% per year).

In value terms, Belgium ($X) constituted the largest supplier of octanol (octyl alcohol) and isomers thereof to France, comprising 44% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Poland, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Belgium stood at +27.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.5% per year) and Poland (-2.7% per year).

Import Prices by Country

In 2022, the average octyl alcohol import price amounted to $X per ton, growing by 33% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 46%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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