Philippines - Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Propyl and Isopropyl Alcohol in the Philippines - 2023
Contents:
- Price for Propyl and Isopropyl Alcohol in the Philippines (CIF) - 2023
- Price for Propyl and Isopropyl Alcohol in the Philippines (FOB) - 2022
- Imports of Propyl and Isopropyl Alcohol in the Philippines
- Exports of Propyl and Isopropyl Alcohol in the Philippines
Price for Propyl and Isopropyl Alcohol in the Philippines (CIF) - 2023
The average propyl and isopropyl alcohol import price stood at $1,043 per ton in July 2023, dropping by -11.9% against the previous month. Over the period under review, the import price recorded a slight contraction. The growth pace was the most rapid in December 2022 an increase of 111% against the previous month. As a result, import price attained the peak level of $2,543 per ton. From January 2023 to July 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Taiwan (Chinese) ($1,224 per ton) and Japan ($1,054 per ton), while the price for South Korea ($951 per ton) and China ($982 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Propyl and Isopropyl Alcohol in the Philippines (FOB) - 2022
The average propyl and isopropyl alcohol export price stood at $3,499 per ton in 2022, surging by 8.7% against the previous year. Over the period under review, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 76%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($2,431 per ton), while the average price for exports to Japan amounted to $2,326 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Propyl and Isopropyl Alcohol in the Philippines
In 2022, overseas purchases of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -31% to 28K tons, falling for the second consecutive year after two years of growth. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 63% against the previous year. As a result, imports attained the peak of 47K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, propyl and isopropyl alcohol imports contracted remarkably to $34M in 2022. Over the period under review, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2020 when imports increased by 139% against the previous year. As a result, imports attained the peak of $59M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Propyl and Isopropyl Alcohol in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 9.0 | 13.2 | 12.3 | 11.4 | 8.2% |
| China | 3.1 | 14.0 | 12.0 | 10.5 | 50.2% |
| South Korea | 2.9 | 14.7 | 13.4 | 7.4 | 36.7% |
| Taiwan (Chinese) | 2.7 | 3.1 | 3.1 | 3.9 | 13.0% |
| Singapore | 4.5 | 12.0 | 8.7 | 0.1 | -71.9% |
| Others | 2.4 | 1.9 | 0.6 | 0.9 | -27.9% |
| Total | 24.7 | 58.9 | 50.0 | 34.3 | 11.6% |
Top Suppliers of Propyl and Isopropyl Alcohol to the Philippines in 2022:
- Japan (10.1K tons)
- China (9.4K tons)
- South Korea (6.2K tons)
- Taiwan (Chinese) (2.0K tons)
- Singapore (0.1K tons)
Exports of Propyl and Isopropyl Alcohol in the Philippines
In 2022, overseas shipments of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -1.7% to 237 tons, falling for the second year in a row after two years of growth. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 180%. As a result, the exports attained the peak of 313 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, propyl and isopropyl alcohol exports rose sharply to $831K in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 241% against the previous year. As a result, the exports attained the peak of $857K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Propyl and Isopropyl Alcohol in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 12.4 | 7.1 | 10.3 | 2.6 | -40.6% |
| Japan | 0.6 | 0.9 | 1.1 | 0.1 | -45.0% |
| Kuwait | N/A | N/A | 28.9 | N/A | 0% |
| China | 21.4 | 37.4 | 53.3 | N/A | 57.8% |
| United States | 5.7 | 13.5 | 32.3 | N/A | 138.0% |
| Brunei Darussalam | 4.5 | 4.4 | 7.0 | N/A | 24.7% |
| Guam | 5.9 | 19.4 | 27.6 | N/A | 116.3% |
| United Arab Emirates | 116 | 155 | 296 | N/A | 59.7% |
| Myanmar | N/A | 46.7 | N/A | N/A | 0% |
| Qatar | 26.7 | 30.7 | 54.0 | N/A | 42.2% |
| Bahrain | 15.6 | 14.1 | 20.8 | N/A | 15.5% |
| Others | 42.4 | 528 | 246 | 828 | 169.3% |
| Total | 251 | 857 | 777 | 831 | 49.0% |
Top Export Markets for Propyl and Isopropyl Alcohol from the Philippines in 2022:
- Japan (undefined tons)
- Australia (1.1 tons)
This report provides an in-depth analysis of the market for propyl and isopropyl alcohol in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20142220 - Propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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