MERCOSUR: Market for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) 2025

Market Size for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in MERCOSUR

The MERCOSUR propyl and isopropyl alcohol market was estimated at $X in 2022, remaining constant against the previous year. Overall, consumption, however, showed a mild reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, propyl and isopropyl alcohol production expanded significantly to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced downturn. The growth pace was the most rapid in 2020 when the production volume increased by 42% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports in MERCOSUR

In 2022, overseas shipments of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -31.8% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 when exports increased by 100% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, propyl and isopropyl alcohol exports declined remarkably to $X in 2022. In general, exports recorded a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by 143% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil dominates exports structure, accounting for X tons, which was approx. 85% of total exports in 2022. It was distantly followed by Colombia (X tons), achieving an 8.6% share of total exports. Chile (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to propyl and isopropyl alcohol exports from Brazil stood at +39.2%. At the same time, Colombia (+45.1%) and Chile (+9.0%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +45.1% from 2012-2022. While the share of Brazil (+84 p.p.), Colombia (+8.5 p.p.) and Chile (+3.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest propyl and isopropyl alcohol supplier in MERCOSUR, comprising 86% of total exports. The second position in the ranking was held by Colombia ($X), with a 7.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to +37.9%. In the other countries, the average annual rates were as follows: Colombia (+35.1% per year) and Chile (+4.9% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, growing by 12% against the previous year. Export price indicated mild 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. Based on 2022 figures, propyl and isopropyl alcohol export price increased by +49.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 59% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-1.0%), while the other leaders experienced a decline in the export price figures.

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

Imports in MERCOSUR

In 2022, supplies from abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -5.8% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume 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. The most prominent rate of growth was recorded in 2013 when imports increased by 23%. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, propyl and isopropyl alcohol imports shrank to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 53% against the previous year. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

Brazil was the key importer of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in MERCOSUR, with the volume of imports reaching X tons, which was approx. 36% of total imports in 2022. Colombia (X tons) held the second position in the ranking, followed by Argentina (X tons), Peru (X tons) and Ecuador (X tons). All these countries together took near 54% share of total imports. The following importers - Chile (X tons) and Venezuela (X tons) - each finished at an 8% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +10.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in MERCOSUR, comprising 36% of total imports. The second position in the ranking was taken by Colombia ($X), with a 17% share of total imports. It was followed by Argentina, with a 17% share.

In Brazil, propyl and isopropyl alcohol imports expanded at an average annual rate of +7.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (+2.4% per year) and Argentina (+10.0% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, which is down by -3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 35%. The level of import peaked at $X per ton in 2021, and then fell slightly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Chile ($X per ton) and Argentina ($X per ton), while Colombia ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform