Oman: 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 Oman

In 2022, the Omani propyl and isopropyl alcohol market increased by 64% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, saw a mild slump. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

Exports from Oman

In 2022, overseas shipments of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -23.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 671% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined sharply in the following year.

In value terms, propyl and isopropyl alcohol exports plummeted to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 224% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Yemen (X tons) was the main destination for propyl and isopropyl alcohol exports from Oman, accounting for a 88% share of total exports. Moreover, propyl and isopropyl alcohol exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen stood at +63.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+6.7% per year) and Qatar (-20.5% per year).

In value terms, Yemen ($X) remains the key foreign market for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports from Oman, comprising 76% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Yemen amounted to +62.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-3.3% per year) and Qatar (-17.4% per year).

Export Prices by Country

In 2022, the average propyl and isopropyl alcohol export price amounted to $X per ton, with an increase of 3.8% against the previous year. Over the period under review, the export price, however, showed a abrupt descent. The pace of growth was the most pronounced in 2016 an increase of 85% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Yemen ($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 Qatar (+3.9%), while the prices for the other major destinations experienced a decline.

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

Imports into Oman

In 2022, purchases abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) increased by 82% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports posted a modest increase. The most prominent rate of growth was recorded in 2019 with an increase of 85%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, propyl and isopropyl alcohol imports skyrocketed to $X in 2022. Overall, imports, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 108% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest propyl and isopropyl alcohol supplier to Oman, with a 62% share of total imports. Moreover, propyl and isopropyl alcohol imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. France (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.6% per year) and France (-8.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) to Oman, comprising 60% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by France, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.2% per year) and France (-15.2% per year).

Import Prices by Country

In 2022, the average propyl and isopropyl alcohol import price amounted to $X per ton, falling by -16.6% against the previous year. Overall, the import price saw a noticeable slump. The pace of growth appeared the most rapid in 2021 an increase of 30% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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