U.S.: Octyl Alcohol Market 2025

Octyl Alcohol Market Size in the U.S.

In 2022, the U.S. octyl alcohol market decreased by -4.2% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Octyl alcohol consumption peaked at $X in 2021, and then reduced slightly in the following year.

Octyl Alcohol Production in the U.S.

In value terms, octyl alcohol production reached $X in 2022. The total output value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 18%. Octyl alcohol production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Octyl Alcohol Exports

Exports from the U.S.

In 2022, shipments abroad of octanol (octyl alcohol) and isomers thereof was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 46%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, octyl alcohol exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate temperate growth. The pace of growth was the most pronounced in 2021 when exports increased by 50% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Mexico (X tons), Brazil (X tons) and Canada (X tons) were the main destinations of octyl alcohol exports from the United States, together accounting for 65% of total exports. Colombia, Chile, Argentina, Turkey, China, the Netherlands and South Korea lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +95.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for octyl alcohol exported from the United States were Mexico ($X), Canada ($X) and Brazil ($X), with a combined 62% share of total exports. Colombia, Argentina, Chile, Turkey, China, the Netherlands and South Korea lagged somewhat behind, together accounting for a further 35%.

Argentina, with a CAGR of +103.0%, recorded 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 octyl alcohol export price amounted to $X per ton, growing by 7.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 55%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Brazil ($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 China (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Octyl Alcohol Imports

Imports into the U.S.

In 2022, overseas purchases of octanol (octyl alcohol) and isomers thereof decreased by -11.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, showed prominent growth. The growth pace was the most rapid in 2017 with an increase of 79%. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, octyl alcohol imports rose markedly to $X in 2022. Over the period under review, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 135%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

The Netherlands (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of octyl alcohol imports to the United States, together comprising 85% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +107.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and South Korea ($X) appeared to be the largest octyl alcohol suppliers to the United States, with a combined 86% share of total imports.

The Netherlands, with a CAGR of +104.5%, recorded the highest rates of growth with regard to the value of imports, among 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 octyl alcohol import price stood at $X per ton in 2022, picking up by 27% against the previous year. In general, import price indicated a tangible expansion 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, octyl alcohol import price increased by +88.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 48%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :