Vietnam - 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 Vietnam - 2022
Contents:
- Price for Propyl and Isopropyl Alcohol in Vietnam (CIF) - 2022
- Price for Propyl and Isopropyl Alcohol in Vietnam (FOB) - 2022
- Imports of Propyl and Isopropyl Alcohol in Vietnam
- Exports of Propyl and Isopropyl Alcohol in Vietnam
Price for Propyl and Isopropyl Alcohol in Vietnam (CIF) - 2022
In 2022, the average propyl and isopropyl alcohol import price amounted to $1,223 per ton, dropping by -4.7% against the previous year. Overall, the import price showed a pronounced descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17%. The import price peaked at $1,624 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($1,239 per ton) and South Korea ($1,239 per ton), while the price for South Africa ($1,052 per ton) and the United States ($1,130 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-2.7%), while the prices for the other major suppliers experienced a decline.
Price for Propyl and Isopropyl Alcohol in Vietnam (FOB) - 2022
The average propyl and isopropyl alcohol export price stood at $1,696 per ton in 2022, waning by -30.1% against the previous year. Overall, the export price, however, continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 93% against the previous year. As a result, the export price reached the peak level of $2,425 per ton, and then fell dramatically in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Singapore ($1,320 per ton) and Bangladesh ($1,316 per ton), while the average price for exports to Sri Lanka ($1,272 per ton) and Cambodia ($1,305 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Propyl and Isopropyl Alcohol in Vietnam
In 2022, approx. 24K tons of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) were imported into Vietnam; surging by 2.1% against 2021 figures. The total import volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. As a result, imports reached the peak of 24K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, propyl and isopropyl alcohol imports contracted to $29M in 2022. The total import value increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 25%.
Import of Propyl and Isopropyl Alcohol in Vietnam (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3.9 | 6.1 | 7.2 | 6.9 | 20.9% |
Singapore | 6.2 | 6.9 | 6.4 | 6.2 | 0.0% |
Japan | 4.7 | 5.8 | 5.1 | 4.9 | 1.4% |
South Korea | 4.7 | 4.7 | 5.0 | 4.9 | 1.4% |
Taiwan (Chinese) | 1.0 | 2.5 | 4.8 | 4.6 | 66.3% |
United States | 0.7 | 0.9 | 0.7 | 0.7 | 0.0% |
South Africa | 1.1 | 0.6 | 0.4 | 0.6 | -18.3% |
Others | 0.3 | 0.7 | 0.3 | 0.3 | 0.0% |
Total | 22.6 | 28.3 | 29.9 | 29.1 | 8.8% |
Top Suppliers of Propyl and Isopropyl Alcohol to Vietnam in 2022:
- China (5.6K tons)
- Singapore (5.1K tons)
- Japan (4.0K tons)
- South Korea (3.9K tons)
- Taiwan (Chinese) (3.7K tons)
- South Africa (0.6K tons)
- United States (0.6K tons)
Exports of Propyl and Isopropyl Alcohol in Vietnam
In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exported from Vietnam surged to 544 tons, growing by 33% against 2021. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 60% against the previous year. As a result, the exports reached the peak of 681 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, propyl and isopropyl alcohol exports contracted to $923K in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 71%.
Export of Propyl and Isopropyl Alcohol in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sri Lanka | 165 | 143 | 112 | 198 | 6.3% |
Bangladesh | 13.8 | 181 | 91.8 | 187 | 138.4% |
Australia | 60.3 | 80.1 | 88.1 | 158 | 37.9% |
Myanmar | 182 | 22.5 | 87.7 | 157 | -4.8% |
Cambodia | 76.7 | 41.3 | 64.1 | 115 | 14.5% |
Singapore | 0.7 | 17.4 | 5.2 | 15.8 | 182.6% |
Thailand | N/A | 206 | 270 | N/A | 31.1% |
Malaysia | N/A | 91.3 | 71.1 | N/A | -22.1% |
Others | 1.8 | 75.6 | 200 | 92.1 | 271.2% |
Total | 501 | 858 | 989 | 923 | 22.6% |
Top Export Markets for Propyl and Isopropyl Alcohol from Vietnam in 2022:
- Sri Lanka (155.9 tons)
- Bangladesh (142.4 tons)
- Australia (121.1 tons)
- Myanmar (120.5 tons)
- Cambodia (88.0 tons)
- Singapore (12.0 tons)
This report provides an in-depth analysis of the market for propyl and isopropyl alcohol in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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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