Netherlands: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in the Netherlands

In 2022, the Dutch octyl alcohol market was finally on the rise to reach $X after three years of decline. In general, consumption recorded a buoyant expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Octyl Alcohol Production in the Netherlands

In value terms, octyl alcohol production totaled $X in 2022 estimated in export price. In general, production saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 82% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Octyl Alcohol Exports

Exports from the Netherlands

In 2022, overseas shipments of octanol (octyl alcohol) and isomers thereof decreased by -31.9% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2017 with an increase of 137%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped dramatically in the following year.

In value terms, octyl alcohol exports reduced markedly to $X in 2022. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2017 with an increase of 209%. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

The United States (X tons) was the main destination for octyl alcohol exports from the Netherlands, accounting for a 48% share of total exports. Moreover, octyl alcohol exports to the United States exceeded the volume sent to the second major destination, Singapore (X tons), twofold. Belgium (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 the United States totaled +111.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+67.9% per year) and Belgium (+5.3% per year).

In value terms, the United States ($X) remains the key foreign market for octanol (octyl alcohol) and isomers thereof exports from the Netherlands, comprising 52% of total exports. The second position in the ranking was held by Belgium ($X), with a 15% share of total exports. It was followed by Singapore, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +113.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+7.0% per year) and Singapore (+56.1% per year).

Export Prices by Country

In 2022, the average octyl alcohol export price amounted to $X per ton, growing by 8.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 41%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Singapore ($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 Germany (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Octyl Alcohol Imports

Imports into the Netherlands

In 2022, supplies from abroad of octanol (octyl alcohol) and isomers thereof decreased by -43.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 66%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, octyl alcohol imports fell dramatically to $X in 2022. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 168% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons), the United States (X tons) and Indonesia (X tons) were the main suppliers of octyl alcohol imports to the Netherlands, together comprising 60% of total imports. Poland, Germany, China and Belgium lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +58.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Indonesia ($X) and the United States ($X) constituted the largest octyl alcohol suppliers to the Netherlands, together comprising 57% of total imports. Germany, Poland, China and Belgium lagged somewhat behind, together comprising a further 35%.

Among the main suppliers, China, with a CAGR of +61.1%, saw the highest growth rate of 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

In 2022, the average octyl alcohol import price amounted to $X per ton, jumping by 20% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 +93.5% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 62% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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