Belarus: Market for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) 2022

Market Size for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Belarus

The Belarusian propyl and isopropyl alcohol market skyrocketed to $X in 2021, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a mild slump. Propyl and isopropyl alcohol consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

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

Exports from Belarus

Propyl and isopropyl alcohol exports from Belarus reduced to X tons in 2021, dropping by -X% against 2020. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, propyl and isopropyl alcohol exports reduced to $X in 2021. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for propyl and isopropyl alcohol exports from Belarus, with a X% share of total exports. Moreover, propyl and isopropyl alcohol exports to Kazakhstan exceeded the volume sent to the second major destination, Russia (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan stood at +X%.

In value terms, Russia ($X) and Kazakhstan ($X) were the largest markets for propyl and isopropyl alcohol exported from Belarus worldwide.

In terms of the main countries of destination, Russia, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average propyl and isopropyl alcohol export price stood at $X per ton in 2021, with a decrease of -X% against the previous year. Overall, the export price saw a slight shrinkage. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Kazakhstan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+X%).

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

Imports into Belarus

In 2021, the amount of propan-X (propyl alcohol) and propan-X (isopropyl alcohol) imported into Belarus surged to X tons, rising by X% on the year before. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth imports remained at a lower figure.

In value terms, propyl and isopropyl alcohol imports surged to $X in 2021. Overall, imports recorded a slight shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of propyl and isopropyl alcohol to Belarus, with a X% share of total imports. Moreover, propyl and isopropyl alcohol imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Germany (-X% per year).

In value terms, China ($X) constituted the largest supplier of propyl and isopropyl alcohol to Belarus, comprising X% of total imports. The second position in the ranking was occupied by the United States ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Germany (-X% per year).

Import Prices by Country

In 2021, the average propyl and isopropyl alcohol import price amounted to $X per ton, approximately mirroring the previous year. In general, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per ton), while the price for Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform