Peru: 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 Peru

In 2022, the Peruvian propyl and isopropyl alcohol market decreased by -10.6% to $X for the first time since 2019, thus ending a two-year rising trend. In general, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +60.3% against 2019 indices. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

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

Exports from Peru

In 2022, exports of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) from Peru fell dramatically to X tons, with a decrease of -23.8% compared with 2021. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2013 with an increase of 12,375%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, propyl and isopropyl alcohol exports declined dramatically to $X in 2022. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 5,854% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X tons) was the main destination for propyl and isopropyl alcohol exports from Peru, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia amounted to +20.8%.

In value terms, Bolivia ($X) also remains the key foreign market for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports from Peru.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia amounted to +20.7%.

Export Prices by Country

In 2022, the average propyl and isopropyl alcohol export price amounted to $X per ton, increasing by 7.3% against the previous year. In general, the export price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 79% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to -0.1% per year.

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

Imports into Peru

In 2022, after three years of growth, there was decline in overseas purchases of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol), when their volume decreased by -1.8% to X tons. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 +41.8% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of 35% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, propyl and isopropyl alcohol imports dropped to $X in 2022. Overall, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +72.0% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 90%. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest propyl and isopropyl alcohol supplier to Peru, with a 80% share of total imports. Moreover, propyl and isopropyl alcohol imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was taken by Germany (X tons), with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+104.9% per year) and Germany (+2.1% per year).

In value terms, the United States ($X) constituted the largest supplier of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) to Peru, comprising 77% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Germany, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+102.9% per year) and Germany (+1.8% per year).

Import Prices by Country

In 2022, the average propyl and isopropyl alcohol import price amounted to $X per ton, which is down by -11.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 41% against the previous year. The import price peaked at $X per ton in 2021, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and China ($X per ton), while the price for the United States ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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