MERCOSUR: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in MERCOSUR

The MERCOSUR octyl alcohol market fell to $X in 2022, reducing by -4.9% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2021, and then shrank modestly in the following year.

Octyl Alcohol Production in MERCOSUR

In value terms, octyl alcohol production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 18% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Octyl Alcohol Exports

Exports in MERCOSUR

In 2022, overseas shipments of octanol (octyl alcohol) and isomers thereof were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 645% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, octyl alcohol exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 when exports increased by 673%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Brazil dominates exports structure, resulting at X tons, which was near 90% of total exports in 2022. It was distantly followed by Chile (X tons), constituting an 8.9% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to octyl alcohol exports from Brazil stood at -20.3%. At the same time, Chile (+66.7%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +66.7% from 2012-2022. Chile (+8.9 p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -9.6% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest octyl alcohol supplier in MERCOSUR, comprising 88% of total exports. The second position in the ranking was held by Chile ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to -17.7%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, waning by -7.3% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2021 an increase of 225%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Brazil amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.3%).

Octyl Alcohol Imports

Imports in MERCOSUR

In 2022, octyl alcohol imports in MERCOSUR declined to X tons, waning by -7.4% on 2021. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 73% against the previous year. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, octyl alcohol imports fell to $X in 2022. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 163% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Brazil was the largest importing country with an import of around X tons, which amounted to 47% of total imports. Colombia (X tons) held the second position in the ranking, followed by Argentina (X tons) and Chile (X tons). All these countries together took near 53% share of total imports.

Brazil was also the fastest-growing in terms of the octanol (octyl alcohol) and isomers thereof imports, with a CAGR of +80.8% from 2012 to 2022. At the same time, Argentina (+15.8%) and Chile (+2.9%) displayed positive paces of growth. Colombia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Brazil and Argentina increased by +46 and +7.9 percentage points, respectively.

In value terms, Brazil ($X), Argentina ($X) and Colombia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 83% share of total imports.

Brazil, with a CAGR of +71.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 53%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+1.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform