Italy: 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 Italy

The Italian propyl and isopropyl alcohol market stood at $X in 2022, remaining stable against the previous year. Overall, consumption, however, showed a mild shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, propyl and isopropyl alcohol production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a precipitous shrinkage. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports from Italy

Propyl and isopropyl alcohol exports from Italy soared to X tons in 2022, increasing by 48% against the year before. Overall, exports, however, saw a perceptible contraction. The pace of growth was the most pronounced in 2020 with an increase of 72% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, propyl and isopropyl alcohol exports surged to $X in 2022. In general, exports, however, continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 103%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for propyl and isopropyl alcohol exports from Italy, with a 43% share of total exports. Moreover, propyl and isopropyl alcohol exports to France exceeded the volume sent to the second major destination, Malta (X tons), twofold. The third position in this ranking was held by Hungary (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (+11.5% per year) and Hungary (-0.8% per year).

In value terms, the largest markets for propyl and isopropyl alcohol exported from Italy were France ($X), Malta ($X) and Hungary ($X), together accounting for 54% of total exports. The United Arab Emirates, Belgium, Germany, Switzerland, Greece, Turkey, Morocco and Serbia lagged somewhat behind, together comprising a further 23%.

Among the main countries of destination, Morocco, with a CAGR of +27.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average propyl and isopropyl alcohol export price amounted to $X per ton, dropping by -12.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average 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 United Arab Emirates ($X per ton), while the average price for exports to Morocco ($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 Serbia (+8.5%), 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 Italy

Propyl and isopropyl alcohol imports into Italy stood at X tons in 2022, approximately equating the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 26% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, propyl and isopropyl alcohol imports reached $X in 2022. In general, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 75%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of propyl and isopropyl alcohol to Italy, accounting for a 48% share of total imports. Moreover, propyl and isopropyl alcohol imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a 20% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.9% per year) and Belgium (-2.9% per year).

In value terms, France ($X) constituted the largest supplier of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) to Italy, comprising 48% of total imports. The second position in the ranking was taken by Germany ($X), with a 23% share of total imports. It was followed by Belgium, with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.6% per year) and Belgium (-1.6% per year).

Import Prices by Country

In 2022, the average propyl and isopropyl alcohol import price amounted to $X per ton, stabilizing at the previous year. Overall, import price indicated slight growth 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. The most prominent rate of growth was recorded in 2017 when the average import price increased by 56% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then declined modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and France ($X per ton), while the price for the Netherlands ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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