Ireland: 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 Ireland

In 2022, the Irish propyl and isopropyl alcohol market decreased by -2% to $X, falling for the third consecutive year after four years of growth. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 -13.3% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

Exports from Ireland

Propyl and isopropyl alcohol exports from Ireland amounted to X tons in 2022, almost unchanged from the previous year's figure. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 43% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, propyl and isopropyl alcohol exports totaled $X in 2022. Overall, exports continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2020 when exports increased by 57%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The UK (X tons) was the main destination for propyl and isopropyl alcohol exports from Ireland, with a 89% share of total exports. Moreover, propyl and isopropyl alcohol exports to the UK exceeded the volume sent to the second major destination, India (X tons), more than tenfold. The third position in this ranking was taken by Israel (X tons), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+52.5% per year) and Israel (+104.4% per year).

It was followed by Egypt, with a 7% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+54.4% per year) and Egypt (+66.0% per year).

Export Prices by Country

The average propyl and isopropyl alcohol export price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the export price saw a perceptible reduction. The pace of growth appeared the most rapid in 2020 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the UK ($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 Egypt (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Ireland

In 2022, purchases abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by 0% to X tons, falling for the third consecutive year after three years of growth. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 14%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, propyl and isopropyl alcohol imports totaled $X in 2022. Overall, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 23%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest propyl and isopropyl alcohol supplier to Ireland, accounting for a 61% share of total imports. Moreover, propyl and isopropyl alcohol imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.2% per year) and Germany (+4.2% per year).

In value terms, the largest propyl and isopropyl alcohol suppliers to Ireland were the Netherlands ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined 76% share of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +264.2%, 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, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate noticeable growth. The growth pace was the most rapid in 2016 when the average import price increased by 36%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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