India: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in India

The Indian octyl alcohol market rose slightly to $X in 2022, growing by 4.3% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.2% against 2020 indices. Octyl alcohol consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Octyl Alcohol Production in India

In value terms, octyl alcohol production rose to $X in 2022 estimated in export price. In general, production, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 28%. Octyl alcohol production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Octyl Alcohol Exports

Exports from India

In 2022, the amount of octanol (octyl alcohol) and isomers thereof exported from India declined dramatically to X tons, with a decrease of -37.2% compared with the previous year. In general, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 533% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, octyl alcohol exports reduced remarkably to $X in 2022. Overall, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 676%. As a result, the exports attained the peak of $X, and then dropped significantly in the following year.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of octyl alcohol exports from India, together comprising 76% of total exports. Iran, the United Arab Emirates, Spain, Switzerland and China lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +147.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Spain ($X) were the largest markets for octyl alcohol exported from India worldwide, together accounting for 64% of total exports. Germany, the United Arab Emirates, Iran, Switzerland and China lagged somewhat behind, together accounting for a further 26%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +181.4%, saw the highest growth rate of 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

The average octyl alcohol export price stood at $X per ton in 2022, with an increase of 13% against the previous year. In general, the export price, however, showed a perceptible decline. The pace of growth was the most pronounced in 2020 an increase of 96% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Octyl Alcohol Imports

Imports into India

In 2022, supplies from abroad of octanol (octyl alcohol) and isomers thereof was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a noticeable decline. The growth pace was the most rapid in 2014 when imports increased by 62% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, octyl alcohol imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a perceptible setback. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tons), Malaysia (X tons) and China (X tons) were the main suppliers of octyl alcohol imports to India, together comprising 84% of total imports. South Korea, Indonesia, Singapore, Thailand, Germany, Saudi Arabia, the Netherlands and the United States lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +58.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest octyl alcohol suppliers to India were Malaysia ($X), Taiwan (Chinese) ($X) and China ($X), together comprising 82% of total imports. Thailand, South Korea, Indonesia, Singapore, Germany, Saudi Arabia, the United States and the Netherlands lagged somewhat behind, together comprising a further 17%.

In terms of the main suppliers, Singapore, with a CAGR of +52.0%, 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

The average octyl alcohol import price stood at $X per ton in 2022, surging by 20% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 50% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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