Australia: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in Australia

The Australian octyl alcohol market declined slightly to $X in 2022, waning by -4.9% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +43.8% against 2017 indices. Octyl alcohol consumption peaked at $X in 2021, and then contracted modestly in the following year.

Octyl Alcohol Production in Australia

In value terms, octyl alcohol production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 -11.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 43% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Octyl Alcohol Exports

Exports from Australia

In 2022, approx. X tons of octanol (octyl alcohol) and isomers thereof were exported from Australia; growing by 39% compared with the previous year. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 287%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, octyl alcohol exports surged to $X in 2022. In general, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 228%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Egypt (X tons) was the main destination for octyl alcohol exports from Australia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Egypt totaled +8.6%.

In value terms, Egypt ($X) also remains the key foreign market for octanol (octyl alcohol) and isomers thereof exports from Australia.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt amounted to +3.7%.

Export Prices by Country

In 2022, the average octyl alcohol export price amounted to $X per ton, falling by -11.2% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 60%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Egypt.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +21.1% per year.

Octyl Alcohol Imports

Imports into Australia

In 2022, overseas purchases of octanol (octyl alcohol) and isomers thereof decreased by -6.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.9% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 62%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, octyl alcohol imports dropped remarkably to $X in 2022. In general, imports, however, posted a notable increase. The pace of growth was the most pronounced in 2021 with an increase of 146%. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest octyl alcohol supplier to Australia, accounting for a 58% share of total imports. Moreover, octyl alcohol imports from Malaysia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was held by China (X tons), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia stood at +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+28.0% per year) and China (+26.9% per year).

In value terms, Malaysia ($X), South Korea ($X) and China ($X) appeared to be the largest octyl alcohol suppliers to Australia, together comprising 92% of total imports. Japan, Taiwan (Chinese), Indonesia and Singapore lagged somewhat behind, together comprising a further 6.5%.

Japan, with a CAGR of +72.1%, 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

In 2022, the average octyl alcohol import price amounted to $X per ton, reducing by -13.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 53%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+53.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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