EU: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in the EU

In 2022, the EU octyl alcohol market was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; afterwards, it flattened through to 2022.

Octyl Alcohol Production in the EU

In value terms, octyl alcohol production amounted to $X in 2022 estimated in export price. Overall, production, however, saw a slight decline. The pace of growth was the most pronounced in 2017 with an increase of 17% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Octyl Alcohol Exports

Exports in the EU

In 2022, octyl alcohol exports in the European Union fell markedly to X tons, with a decrease of -42.9% on the previous year's figure. Over the period under review, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 92%. As a result, the exports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, octyl alcohol exports declined rapidly to $X in 2022. Overall, exports recorded a slight downturn. The pace of growth was the most pronounced in 2021 when exports increased by 160% against the previous year. As a result, the exports attained the peak of $X, and then plummeted in the following year.

Exports by Country

Germany represented the main exporting country with an export of about X tons, which recorded 53% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a 24% share, followed by France (18%). Romania (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to octyl alcohol exports from Germany stood at -5.2%. At the same time, France (+102.6%) and the Netherlands (+20.3%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +102.6% from 2012-2022. By contrast, Romania (-5.8%) and Belgium (-16.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands and France increased by +21 and +18 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest octyl alcohol supplier in the European Union, comprising 53% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 25% share of total exports. It was followed by France, with a 16% share.

In Germany, octyl alcohol exports contracted by an average annual rate of -3.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+21.4% per year) and France (+90.4% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, with an increase of 15% against the previous year. Export price indicated a measured increase 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, octyl alcohol export price increased by +53.4% against 2018 indices. The growth pace was the most rapid in 2021 an increase of 36%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Belgium ($X per ton) and the Netherlands ($X per ton), while France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.8%), while the other leaders experienced more modest paces of growth.

Octyl Alcohol Imports

Imports in the EU

In 2022, after two years of growth, there was significant decline in overseas purchases of octanol (octyl alcohol) and isomers thereof, when their volume decreased by -37.1% to X tons. Overall, imports saw a mild reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, octyl alcohol imports dropped to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 75%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

The purchases of the five major importers of octanol (octyl alcohol) and isomers thereof, namely France, Italy, Belgium, Germany and the Czech Republic, represented more than two-thirds of total import. Spain (X tons) held the next position in the ranking, followed by the Netherlands (X tons). All these countries together took near 9.8% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Italy (with a CAGR of +5.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest octyl alcohol importing markets in the European Union were France ($X), Italy ($X) and Belgium ($X), together accounting for 58% of total imports.

In terms of the main importing countries, Italy, with a CAGR of +7.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, jumping by 39% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 +92.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Spain ($X per ton) and Germany ($X per ton), while Belgium ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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