Portugal: 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 Portugal

The Portuguese propyl and isopropyl alcohol market contracted to $X in 2022, reducing by -10.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a notable expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

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

Exports from Portugal

In 2022, propyl and isopropyl alcohol exports from Portugal surged to X tons, growing by 41% compared with 2021 figures. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 250%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, propyl and isopropyl alcohol exports surged to $X in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 187%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for propyl and isopropyl alcohol exports from Portugal, with a 92% share of total exports. Moreover, propyl and isopropyl alcohol exports to Spain exceeded the volume sent to the second major destination, Algeria (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at +89.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (0.0% per year) and Angola (-1.6% per year).

In value terms, Spain ($X) remains the key foreign market for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports from Portugal, comprising 85% of total exports. The second position in the ranking was taken by Angola ($X), with a 7.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to +87.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+2.3% per year) and Algeria (0.0% per year).

Export Prices by Country

In 2022, the average propyl and isopropyl alcohol export price amounted to $X per ton, rising by 2% against the previous year. Overall, the export price, however, continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2020 when the average export price increased by 100%. The export price peaked at $X per ton in 2012; however, from 2013 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 Angola ($X per ton), while the average price for exports to Spain ($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 Angola (+3.9%).

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

Imports into Portugal

In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) imported into Portugal contracted to X tons, with a decrease of -8.2% compared with the previous year's figure. In general, imports, however, continue to indicate temperate growth. The most prominent rate of growth was recorded in 2020 when imports increased by 197%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, propyl and isopropyl alcohol imports contracted slightly to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by 243% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of propyl and isopropyl alcohol imports to Portugal, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +29.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X), Belgium ($X) and the Netherlands ($X) were the largest propyl and isopropyl alcohol suppliers to Portugal, with a combined 92% share of total imports.

Belgium, with a CAGR of +22.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average propyl and isopropyl alcohol import price stood at $X per ton in 2022, picking up by 8.3% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 import price decreased by -13.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 43% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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