France: 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 France

In 2022, the French propyl and isopropyl alcohol market decreased by -19.5% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt decline. Propyl and isopropyl alcohol consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, propyl and isopropyl alcohol production amounted to $X in 2022 estimated in export price. In general, the total production indicated noticeable growth 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, production decreased by -4.1% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by 66% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports from France

In 2022, propyl and isopropyl alcohol exports from France rose significantly to X tons, with an increase of 7.5% compared with 2021. The total export volume increased at an average annual rate of +7.5% from 2021 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, propyl and isopropyl alcohol exports expanded rapidly to $X in 2022. The total export value increased at an average annual rate of +12.4% over the period from 2021 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Germany (X tons) and Spain (X tons) were the main destinations of propyl and isopropyl alcohol exports from France, with a combined 81% share of total exports. Switzerland, Belgium, Hungary, Poland and Austria lagged somewhat behind, together accounting for a further 14%.

From 2021 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +23.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Germany ($X) appeared to be the largest markets for propyl and isopropyl alcohol exported from France worldwide, together comprising 75% of total exports. Switzerland, Belgium, Hungary, Poland and Austria lagged somewhat behind, together accounting for a further 16%.

Belgium, with a CAGR of +39.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average propyl and isopropyl alcohol export price stood at $X per ton in 2022, surging by 4.6% against the previous year. Over the last one years, it increased at an average annual rate of +4.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into France

Propyl and isopropyl alcohol imports into France declined to X tons in 2022, reducing by -10.8% compared with the previous year's figure. Overall, imports saw a pronounced decline. The pace of growth appeared the most rapid in 2020 with an increase of 32% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, propyl and isopropyl alcohol imports fell to $X in 2022. Over the period under review, imports saw a noticeable slump. The growth pace was the most rapid in 2020 when imports increased by 70%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of propyl and isopropyl alcohol imports to France, together comprising 88% of total imports. Spain, the United States, Switzerland and the UK lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +18.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest propyl and isopropyl alcohol suppliers to France were Germany ($X), Belgium ($X) and the Netherlands ($X), together comprising 87% of total imports. The UK, the United States, Spain and Switzerland lagged somewhat behind, together comprising a further 10%.

In terms of the main suppliers, Switzerland, with a CAGR of +27.4%, saw the highest growth rate of 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 average propyl and isopropyl alcohol import price amounted to $X per ton, with an increase of 2.5% against the previous year. Overall, import price indicated perceptible growth 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, propyl and isopropyl alcohol import price increased by +32.9% against 2019 indices. The growth pace was the most rapid in 2017 when the average import price increased by 48% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Switzerland ($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 UK (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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