Chile: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in Chile

In 2022, the Chilean octyl alcohol market increased by 2.3% to $X, rising for the fifth consecutive year after two years of decline. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Octyl Alcohol Production in Chile

In value terms, octyl alcohol production expanded slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 -3.4% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 48%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Octyl Alcohol Exports

Exports from Chile

In 2022, after two years of decline, there was significant decline in shipments abroad of octanol (octyl alcohol) and isomers thereof, when their volume decreased by -50% to X tons. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 926% against the previous year. The exports peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, octyl alcohol exports declined notably to $X in 2022. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2016 when exports increased by 491%. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell markedly in the following year.

Exports by Country

Argentina (X tons) was the main destination for octyl alcohol exports from Chile, with a 95% share of total exports. Moreover, octyl alcohol exports to Argentina exceeded the volume sent to the second major destination, Brazil (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Argentina amounted to +68.7%.

In value terms, Argentina ($X) remains the key foreign market for octanol (octyl alcohol) and isomers thereof exports from Chile, comprising 95% of total exports. The second position in the ranking was held by Brazil ($X), with a 4.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina stood at +54.9%.

Export Prices by Country

In 2022, the average octyl alcohol export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 16% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Brazil totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-8.1%), while the prices for the other major destinations experienced a decline.

Octyl Alcohol Imports

Imports into Chile

In 2022, approx. X tons of octanol (octyl alcohol) and isomers thereof were imported into Chile; which is down by -2.6% against the previous year. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% 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 +56.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, octyl alcohol imports expanded significantly to $X in 2022. Over the period under review, imports, however, showed a notable increase. The growth pace was the most rapid in 2021 when imports increased by 158%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) was the main octyl alcohol supplier to Chile, accounting for a 93% share of total imports. Moreover, octyl alcohol imports from the United States exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+5.6% per year) and Sweden (+34.8% per year).

In value terms, the United States ($X) constituted the largest supplier of octanol (octyl alcohol) and isomers thereof to Chile, comprising 94% of total imports. The second position in the ranking was held by Poland ($X), with a 2.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-0.3% per year) and Sweden (+28.9% per year).

Import Prices by Country

In 2022, the average octyl alcohol import price amounted to $X per ton, growing by 9.8% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, octyl alcohol import price increased by +75.7% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 60% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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