India: 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 India

The Indian propyl and isopropyl alcohol market declined to $X in 2022, which is down by -14.3% against the previous year. Over the period under review, consumption continues to indicate a noticeable downturn. Propyl and isopropyl alcohol consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

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

In value terms, propyl and isopropyl alcohol production dropped to $X in 2022 estimated in export price. In general, production saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 28% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports from India

In 2022, approx. X tons of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) were exported from India; with an increase of 16% compared with the year before. In general, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2014 with an increase of 54% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, propyl and isopropyl alcohol exports expanded significantly to $X in 2022. Overall, exports recorded a temperate increase. The growth pace was the most rapid in 2020 when exports increased by 54% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for propyl and isopropyl alcohol exports from India, accounting for a 57% share of total exports. Moreover, propyl and isopropyl alcohol exports to the United Arab Emirates exceeded the volume sent to the second major destination, Sri Lanka (X tons), sevenfold. The third position in this ranking was held by Jordan (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +80.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+5.9% per year) and Jordan (+22.0% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports from India, comprising 48% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with an 8.4% share of total exports. It was followed by Bangladesh, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +75.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+4.7% per year) and Bangladesh (+21.9% per year).

Export Prices by Country

The average propyl and isopropyl alcohol export price stood at $X per ton in 2022, with a decrease of -7.6% against the previous year. Overall, the export price saw a perceptible reduction. The growth pace was the most rapid in 2020 an increase of 33% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to the United Arab Emirates ($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 Qatar (+6.8%), 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 India

In 2022, purchases abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -8.7% to X tons, falling for the second year in a row after nine years of growth. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 28%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, propyl and isopropyl alcohol imports contracted to $X in 2022. In general, imports, however, showed resilient growth. The growth pace was the most rapid in 2020 when imports increased by 65%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest propyl and isopropyl alcohol supplier to India, with a 54% share of total imports. Moreover, propyl and isopropyl alcohol imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +70.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+10.4% per year) and South Korea (+11.7% per year).

In value terms, China ($X) constituted the largest supplier of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) to India, comprising 53% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 19% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +57.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+8.0% per year) and South Korea (+9.2% per year).

Import Prices by Country

The average propyl and isopropyl alcohol import price stood at $X per ton in 2022, which is down by -5.1% against the previous year. In general, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2020 an increase of 39%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Singapore ($X per ton) and South Africa ($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 United States (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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