Netherlands: 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 the Netherlands

The Dutch propyl and isopropyl alcohol market surged to $X in 2022, increasing by 37% against the previous year. In general, consumption posted a prominent expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

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

In value terms, propyl and isopropyl alcohol production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by 62%. Propyl and isopropyl alcohol production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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

Exports from the Netherlands

In 2022, overseas shipments of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -10.6% to X tons, falling for the second year in a row after two years of growth. In general, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of 54%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, propyl and isopropyl alcohol exports dropped to $X in 2022. Over the period under review, exports showed a mild shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 104%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for propyl and isopropyl alcohol exports from the Netherlands, with a 32% share of total exports. Moreover, propyl and isopropyl alcohol exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+4.7% per year) and Turkey (-4.0% per year).

In value terms, Germany ($X) remains the key foreign market for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports from the Netherlands, comprising 35% of total exports. The second position in the ranking was held by Belgium ($X), with a 13% share of total exports. It was followed by Ireland, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+5.3% per year) and Ireland (+4.7% per year).

Export Prices by Country

In 2022, the average propyl and isopropyl alcohol export price amounted to $X per ton, picking up by 3.8% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 +43.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 59%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Turkey ($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 (+3.6%), 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 the Netherlands

In 2022, after two years of growth, there was significant decline in purchases abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol), when their volume decreased by -33.6% to X tons. In general, imports, however, recorded a perceptible increase. The pace of growth was the most pronounced in 2020 with an increase of 128%. Imports peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, propyl and isopropyl alcohol imports fell notably to $X in 2022. Overall, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 181%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Belgium (X tons) and South Korea (X tons) were the main suppliers of propyl and isopropyl alcohol imports to the Netherlands, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +687.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and South Korea ($X) appeared to be the largest propyl and isopropyl alcohol suppliers to the Netherlands, together accounting for 90% of total imports.

South Korea, with a CAGR of +679.6%, saw the highest growth rate of the value of imports, among the main suppliers 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 propyl and isopropyl alcohol import price amounted to $X per ton, growing by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2017 an increase of 27%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; afterwards, it flattened through to 2022.

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 Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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