U.S.: Market for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) 2025

Market Size for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in the U.S.

In 2022, the U.S. propyl and isopropyl alcohol market decreased by -5.3% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, saw prominent growth. Propyl and isopropyl alcohol consumption peaked at $X in 2021, and then declined in the following year.

Production of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in the U.S.

In value terms, propyl and isopropyl alcohol production stood at $X in 2022. Overall, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -11.2% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 39% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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

Exports from the U.S.

In 2022, propyl and isopropyl alcohol exports from the United States expanded slightly to X tons, increasing by 2.9% compared with the previous year. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 17% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, propyl and isopropyl alcohol exports expanded modestly to $X in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 35%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), Mexico (X tons) and Canada (X tons) were the main destinations of propyl and isopropyl alcohol exports from the United States, with a combined 59% share of total exports. Brazil, China, Colombia, India and Spain lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +9.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for propyl and isopropyl alcohol exported from the United States were Mexico ($X), Belgium ($X) and Canada ($X), with a combined 59% share of total exports. Brazil, Colombia, China, India and Spain lagged somewhat behind, together comprising a further 22%.

Brazil, with a CAGR of +9.3%, saw the highest growth rate of the value of exports, in terms of 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, growing by 1.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2017 an increase of 34%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to China ($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 Spain (+37.2%), 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 the U.S.

In 2022, supplies from abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -12.4% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by 16% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, propyl and isopropyl alcohol imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period 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 43% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of propyl and isopropyl alcohol to the United States, accounting for a 64% share of total imports. Moreover, propyl and isopropyl alcohol imports from Canada exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fourfold. South Korea (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+4.8% per year) and South Korea (+16.8% per year).

In value terms, Canada ($X) constituted the largest supplier of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) to the United States, comprising 59% of total imports. The second position in the ranking was taken by South Africa ($X), with an 18% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+6.6% per year) and South Korea (+15.4% per year).

Import Prices by Country

The average propyl and isopropyl alcohol import price stood at $X per ton in 2022, waning by -1.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 28% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Taiwan (Chinese) ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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