Croatia: Octyl Alcohol Market 2022

Octyl Alcohol Market Size in Croatia

In 2021, the Croatian octyl alcohol market decreased by -X% to $X, falling for the third consecutive year after two years of growth. Overall, consumption faced a drastic downturn. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Octyl Alcohol Exports

Exports from Croatia

In 2021, shipments abroad of octanol (octyl alcohol) and isomers thereof decreased by X% to X kg, falling for the second year in a row after four years of growth. Overall, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, octyl alcohol exports totaled $X in 2021. In general, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X kg) was the main destination for octyl alcohol exports from Croatia, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bosnia and Herzegovina was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Bosnia and Herzegovina totaled +X%.

Export Prices by Country

In 2021, the average octyl alcohol export price amounted to $X per ton, approximately equating the previous year. In general, the export price enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Bosnia and Herzegovina amounted to -X% per year.

Octyl Alcohol Imports

Imports into Croatia

In 2021, overseas purchases of octanol (octyl alcohol) and isomers thereof decreased by -X% to X kg, falling for the third year in a row after two years of growth. Over the period under review, imports showed a sharp curtailment. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of X kg. From 2015 to 2021, the growth imports remained at a lower figure.

In value terms, octyl alcohol imports declined to $X in 2021. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Austria (X kg) constituted the largest supplier of octyl alcohol to Croatia, with a X% share of total imports. Moreover, octyl alcohol imports from Austria exceeded the figures recorded by the second-largest supplier, Germany (X kg), fourfold. Slovenia (X kg) 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 Austria totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Slovenia (-X% per year).

In value terms, the largest octyl alcohol suppliers to Croatia were Austria ($X), Sweden ($X) and Germany ($X), together accounting for X% of total imports.

Among the main suppliers, Austria, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average octyl alcohol import price stood at $X per ton in 2021, with an increase of X% against the previous year. Overall, the import price saw a significant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform