Indonesia: 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 Indonesia

For the third year in a row, the Indonesian propyl and isopropyl alcohol market recorded growth in sales value, which increased by 7.2% to $X in 2022. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +74.3% against 2015 indices. Propyl and isopropyl alcohol consumption peaked in 2022 and is expected to retain growth in years to come.

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

Exports from Indonesia

In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exported from Indonesia skyrocketed to X tons, jumping by 164% against 2021. Overall, exports, however, showed a mild shrinkage. The growth pace was the most rapid in 2020 when exports increased by 497%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, propyl and isopropyl alcohol exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 590%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Pakistan (X tons), Vietnam (X tons) and Thailand (X tons) were the main destinations of propyl and isopropyl alcohol exports from Indonesia, with a combined 93% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +39.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X) remains the key foreign market for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports from Indonesia, comprising 61% of total exports. The second position in the ranking was held by Thailand ($X), with a 16% share of total exports. It was followed by Vietnam, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Pakistan totaled +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+35.1% per year) and Vietnam (+33.6% per year).

Export Prices by Country

The average propyl and isopropyl alcohol export price stood at $X per ton in 2022, with an increase of 2.6% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 export price decreased by -7.1% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 27% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Vietnam ($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 Pakistan (+11.1%), 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 Indonesia

In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) imported into Indonesia expanded sharply to X tons, picking up by 11% on the year before. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +49.7% against 2013 indices. The growth pace was the most rapid in 2013 when imports increased by 18% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, propyl and isopropyl alcohol imports amounted to $X in 2022. Overall, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +57.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 44% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of propyl and isopropyl alcohol to Indonesia, accounting for a 71% share of total imports. Moreover, propyl and isopropyl alcohol imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. South Korea (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +81.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.8% per year) and South Korea (+2.4% per year).

In value terms, China ($X) constituted the largest supplier of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) to Indonesia, comprising 70% of total imports. The second position in the ranking was taken by Japan ($X), with an 11% share of total imports. It was followed by South Korea, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +71.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-6.7% per year) and South Korea (-2.7% per year).

Import Prices by Country

The average propyl and isopropyl alcohol import price stood at $X per ton in 2022, reducing by -4.8% against the previous year. Over the period under review, the import price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2020 when the average import price increased by 26% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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