Tunisia: 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 Tunisia

In 2022, after three years of growth, there was decline in the Tunisian propyl and isopropyl alcohol market, when its value decreased by -1.2% to $X. Overall, consumption, however, recorded a pronounced setback. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

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

Exports from Tunisia

In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exported from Tunisia declined notably to X tons, reducing by -23.9% compared with the previous year's figure. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 440% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, propyl and isopropyl alcohol exports reduced markedly to $X in 2022. Overall, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2013 with an increase of 820% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Angola (X tons) was the main destination for propyl and isopropyl alcohol exports from Tunisia, accounting for a 80% share of total exports. Moreover, propyl and isopropyl alcohol exports to Angola exceeded the volume sent to the second major destination, Libya (X kg), fivefold. Burkina Faso (X kg) ranked third in terms of total exports with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Angola stood at +37.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+37.9% per year) and Burkina Faso (+26.4% per year).

In value terms, Angola ($X) remains the key foreign market for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports from Tunisia, comprising 79% of total exports. The second position in the ranking was taken by Libya ($X), with a 17% share of total exports. It was followed by Burkina Faso, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value to Angola totaled +29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+37.2% per year) and Burkina Faso (+31.0% per year).

Export Prices by Country

The average propyl and isopropyl alcohol export price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 70% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Mauritania ($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 Mauritania (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Tunisia

In 2022, purchases abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 43% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, propyl and isopropyl alcohol imports contracted to $X in 2022. In general, imports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2017 with an increase of 41% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of propyl and isopropyl alcohol imports to Tunisia, together accounting for 38% of total imports. The United States, Russia, Belgium, South Korea, Italy, South Africa, Turkey, Germany and Taiwan (Chinese) lagged somewhat behind, together comprising a further 53%.

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 +56.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest propyl and isopropyl alcohol suppliers to Tunisia were Spain ($X), the Netherlands ($X) and the United States ($X), together comprising 40% of total imports. China, Russia, Belgium, Germany, South Korea, Italy, Turkey, South Africa and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 51%.

Among the main suppliers, Turkey, with a CAGR of +65.1%, 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, dropping by -6.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 38%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform