Slovenia: 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 Slovenia

The Slovene propyl and isopropyl alcohol market rose sharply to $X in 2022, increasing by 12% 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). Overall, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.2% against 2020 indices. Propyl and isopropyl alcohol consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

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

Exports from Slovenia

In 2022, approx. X tons of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) were exported from Slovenia; picking up by 26% against the year before. Over the period under review, exports saw resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by 125% against the previous year. As a result, the exports attained the peak of X tons. From 2021 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 continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 261%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Croatia (X tons), Serbia (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of propyl and isopropyl alcohol exports from Slovenia, together accounting for 85% of total exports. Italy, Romania and Austria lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +93.3%), while the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), Serbia ($X) and Bosnia and Herzegovina ($X) constituted the largest markets for propyl and isopropyl alcohol exported from Slovenia worldwide, together accounting for 84% of total exports. Italy, Romania and Austria lagged somewhat behind, together comprising a further 12%.

Italy, with a CAGR of +86.5%, saw the highest growth rate of 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 12% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 export price decreased by -17.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 61% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Serbia (+5.8%), 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 Slovenia

In 2022, imports of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) into Slovenia expanded significantly to X tons, surging by 11% compared with the year before. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 30%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, propyl and isopropyl alcohol imports skyrocketed to $X in 2022. Overall, imports recorded notable growth. The pace of growth appeared the most rapid in 2017 with an increase of 94% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Germany (X tons) and South Africa (X tons) were the main suppliers of propyl and isopropyl alcohol imports to Slovenia, together comprising 67% of total imports. Croatia, France, Azerbaijan and Turkey lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Azerbaijan (with a CAGR of +750.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and South Africa ($X) constituted the largest propyl and isopropyl alcohol suppliers to Slovenia, with a combined 64% share of total imports. Croatia, France, Azerbaijan and Turkey lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, Azerbaijan, with a CAGR of +748.3%, recorded the highest growth rate of 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

The average propyl and isopropyl alcohol import price stood at $X per ton in 2022, picking up by 6.5% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 -9.2% against 2020 indices. The growth pace was the most rapid in 2020 when the average import price increased by 71% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Azerbaijan ($X per ton) and Germany ($X per ton), while the price for the Netherlands ($X per ton) and South Africa ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform