Italy: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in Italy

The Italian octyl alcohol market shrank to $X in 2022, reducing by -11.6% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Octyl Alcohol Production in Italy

In value terms, octyl alcohol production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 34%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Octyl Alcohol Exports

Exports from Italy

In 2022, octyl alcohol exports from Italy reduced notably to X tons, declining by -57.8% on the previous year. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 348%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, octyl alcohol exports surged to $X in 2022. In general, exports, however, posted a noticeable expansion. The pace of growth appeared the most rapid in 2019 with an increase of 160% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons), Spain (X tons) and Egypt (X tons) were the main destinations of octyl alcohol exports from Italy, together accounting for 92% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +17.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for octyl alcohol exported from Italy were France ($X), Spain ($X) and Germany ($X), with a combined 92% share of total exports. Egypt and China lagged somewhat behind, together accounting for a further 7.8%.

Egypt, with a CAGR of +20.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, increasing by 173% against the previous year. In general, the export price continues to indicate a measured increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to China ($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 Spain (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Octyl Alcohol Imports

Imports into Italy

In 2022, the amount of octanol (octyl alcohol) and isomers thereof imported into Italy dropped remarkably to X tons, which is down by -27.3% on the previous year's figure. Overall, total imports indicated a prominent 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. The pace of growth was the most pronounced in 2021 with an increase of 22%. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, octyl alcohol imports reduced to $X in 2022. Over the period under review, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 84% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Germany (X tons), France (X tons) and Poland (X tons) were the main suppliers of octyl alcohol imports to Italy, with a combined 62% share of total imports. Sweden, the Netherlands, Taiwan (Chinese), South Korea and Romania lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +70.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) constituted the largest octyl alcohol suppliers to Italy, with a combined 62% share of total imports. Poland, Sweden, Taiwan (Chinese), South Korea and Romania lagged somewhat behind, together comprising a further 33%.

Taiwan (Chinese), with a CAGR of +52.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, growing by 26% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, octyl alcohol import price increased by +90.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 51%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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