Benelux: Market for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) 2024

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

For the third year in a row, the Benelux propyl and isopropyl alcohol market recorded growth in sales value, which increased by 14% to $X in 2022. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +101.8% against 2019 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Benelux

In value terms, propyl and isopropyl alcohol production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight setback. The pace of growth appeared the most rapid in 2020 when the production volume increased by 62% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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

Exports in Benelux

In 2022, overseas shipments of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -24.9% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a perceptible slump. The growth pace was the most rapid in 2020 when exports increased by 72% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, propyl and isopropyl alcohol exports dropped dramatically to $X in 2022. Over the period under review, exports recorded a slight descent. The pace of growth was the most pronounced in 2020 when exports increased by 124%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, the Netherlands (X tons) represented the key exporter of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol), committing 63% of total exports. It was distantly followed by Belgium (X tons), mixing up a 37% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of -2.9%).

In value terms, the largest propyl and isopropyl alcohol supplying countries in Benelux were the Netherlands ($X) and Belgium ($X).

Belgium, with a CAGR of -1.2%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, rising by 4.5% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, propyl and isopropyl alcohol export price increased by +46.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 50%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.8%).

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

Imports in Benelux

In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) imported in Benelux reduced notably to X tons, falling by -38.3% on 2021. In general, imports showed a slight descent. The most prominent rate of growth was recorded in 2020 when imports increased by 75%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, propyl and isopropyl alcohol imports fell dramatically to $X in 2022. Overall, imports, however, saw a slight increase. The pace of growth appeared the most rapid in 2020 with an increase of 127%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X tons) was the key importer of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol), making up 76% of total imports. It was distantly followed by the Netherlands (X tons), mixing up a 23% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to propyl and isopropyl alcohol imports into Belgium stood at -2.3%. At the same time, the Netherlands (+3.3%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +3.3% from 2012-2022. The Netherlands (+8.4 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -8.6% from 2012 to 2022, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in Benelux, comprising 74% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium was relatively modest.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, with an increase of 23% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, propyl and isopropyl alcohol import price increased by +56.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 47% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.3%).

Source: IndexBox Platform

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