Tanzania: 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 Tanzania

In 2022, the Tanzanian propyl and isopropyl alcohol market increased by 31% to $X, rising for the fifth consecutive year after two years of decline. In general, consumption saw a remarkable increase. Propyl and isopropyl alcohol consumption peaked in 2022 and is expected to retain growth in the immediate term.

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

Exports from Tanzania

In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exported from Tanzania reduced sharply to X tons, which is down by -33.6% on the previous year's figure. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 453% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, propyl and isopropyl alcohol exports declined to $X in 2022. Overall, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 552%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to Kenya stood at +6.6%.

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

From 2012 to 2022, the average annual growth rate of value to Kenya stood at +7.1%.

Export Prices by Country

In 2022, the average propyl and isopropyl alcohol export price amounted to $X per ton, picking up by 36% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.9% 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 increased by +71.3% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 95%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Kenya amounted to +0.5% per year.

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

Imports into Tanzania

In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) imported into Tanzania expanded rapidly to X tons, with an increase of 15% compared with 2021. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.5% 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 +81.3% against 2017 indices. The growth pace was the most rapid in 2015 when imports increased by 62% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, propyl and isopropyl alcohol imports soared to $X in 2022. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 49% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, South Africa (X tons) constituted the largest supplier of propyl and isopropyl alcohol to Tanzania, accounting for a 62% share of total imports. Moreover, propyl and isopropyl alcohol imports from South Africa exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. India (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from South Africa amounted to +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+60.8% per year) and India (+22.2% per year).

In value terms, South Africa ($X) constituted the largest supplier of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) to Tanzania, comprising 60% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from South Africa amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+54.7% per year) and India (+21.2% per year).

Import Prices by Country

The average propyl and isopropyl alcohol import price stood at $X per ton in 2022, jumping by 15% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 increased by +75.1% against 2017 indices. The growth pace was the most rapid in 2021 an increase of 26%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and the United Arab Emirates ($X per ton), while the price for Singapore ($X per ton) and South Africa ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform