Romania: 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 Romania

In 2022, the Romanian propyl and isopropyl alcohol market decreased by -34.1% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, continues to indicate buoyant growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

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

Exports from Romania

In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exported from Romania surged to X tons, picking up by 248% against the year before. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 2,007%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, propyl and isopropyl alcohol exports skyrocketed to $X in 2022. Overall, exports recorded significant growth. The growth pace was the most rapid in 2014 when exports increased by 1,698% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for propyl and isopropyl alcohol exports from Romania, with a 63% share of total exports. Moreover, propyl and isopropyl alcohol exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), fourfold. The third position in this ranking was held by Moldova (X tons), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+50.4% per year) and Moldova (+25.2% per year).

In value terms, the largest markets for propyl and isopropyl alcohol exported from Romania were Italy ($X), Germany ($X) and Denmark ($X), with a combined 91% share of total exports.

Denmark, with a CAGR of +1,327.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average propyl and isopropyl alcohol export price amounted to $X per ton, rising by 15% against the previous year. Overall, the export price showed temperate growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 117%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Moldova ($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 Italy (+17.5%), 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 Romania

In 2022, purchases abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -27.1% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 128% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, propyl and isopropyl alcohol imports dropped remarkably to $X in 2022. In general, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 228%. 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

Turkey (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of propyl and isopropyl alcohol imports to Romania, with a combined 64% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +157.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest propyl and isopropyl alcohol suppliers to Romania were Germany ($X), Turkey ($X) and Hungary ($X), with a combined 58% share of total imports. The Netherlands, Poland, Bulgaria, Belgium and Austria lagged somewhat behind, together comprising a further 34%.

Among the main suppliers, Bulgaria, with a CAGR of +151.4%, recorded the highest rates of growth with regard to 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 propyl and isopropyl alcohol import price amounted to $X per ton, declining by -3.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 44%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average 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 Austria ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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