Israel: 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 Israel

The Israeli propyl and isopropyl alcohol market soared to $X in 2022, growing by 55% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

Exports from Israel

Propyl and isopropyl alcohol exports from Israel reduced dramatically to X tons in 2022, declining by -42.1% on 2021. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 88%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, propyl and isopropyl alcohol exports declined significantly to $X in 2022. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 136% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for propyl and isopropyl alcohol exports from Israel, with a 42% share of total exports. Moreover, propyl and isopropyl alcohol exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Cyprus (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+6.9% per year) and Cyprus (+23.0% per year).

In value terms, Belgium ($X) emerged as the key foreign market for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports from Israel, comprising 42% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 19% share of total exports. It was followed by Cyprus, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium amounted to -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+8.4% per year) and Cyprus (+24.6% per year).

Export Prices by Country

In 2022, the average propyl and isopropyl alcohol export price amounted to $X per ton, surging by 9.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2020 an increase of 26%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cyprus ($X per ton) and Austria ($X per ton), while the average price for exports to Belgium ($X per ton) and Switzerland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.4%), 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 Israel

In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) imported into Israel soared to X tons, rising by 41% compared with the year before. Over the period under review, imports recorded pronounced growth. The most prominent rate of growth was recorded in 2019 with an increase of 62% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, propyl and isopropyl alcohol imports skyrocketed to $X in 2022. In general, imports recorded measured growth. The pace of growth was the most pronounced in 2020 when imports increased by 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States (X tons), Taiwan (Chinese) (X tons) and the Netherlands (X tons) were the main suppliers of propyl and isopropyl alcohol imports to Israel, with a combined 84% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +65.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Taiwan (Chinese) ($X) and the Netherlands ($X) were the largest propyl and isopropyl alcohol suppliers to Israel, with a combined 84% share of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +64.5%, recorded the highest rates of growth with regard to 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 propyl and isopropyl alcohol import price stood at $X per ton in 2022, surging by 11% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 35% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably 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 the UK ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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