Europe: 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 Europe

The Europe propyl and isopropyl alcohol market soared to $X in 2022, increasing by 18% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, propyl and isopropyl alcohol production reached $X in 2022 estimated in export price. Overall, production, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the production volume increased by 28% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports in Europe

In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exported in Europe declined notably to X tons, waning by -25.7% on the previous year's figure. Overall, exports saw a slight descent. The pace of growth appeared the most rapid in 2020 with an increase of 57% 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 contracted significantly to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 104% against the previous year. As a result, the exports attained 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), distantly followed by Germany (X tons), Belgium (X tons) and France (X tons) represented the major exporters of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol), together mixing up 90% of total exports. Russia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +17.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest propyl and isopropyl alcohol supplying countries in Europe were the Netherlands ($X), Germany ($X) and Belgium ($X), together comprising 71% of total exports. France and Russia lagged somewhat behind, together comprising a further 19%.

Russia, with a CAGR of +15.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, surging by 10% against the previous year. Export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 +43.4% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 45% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.5%), while the other leaders experienced more modest paces of growth.

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

Imports in Europe

In 2022, overseas purchases of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -10.9% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 44% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, propyl and isopropyl alcohol imports stood at $X in 2022. Overall, imports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2020 when imports increased by 93% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons) and Belgium (X tons) represented the largest importers of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in 2022, accounting for near 19% and 18% of total imports, respectively. It was distantly followed by Spain (X tons), Italy (X tons), Russia (X tons), the Netherlands (X tons), the UK (X tons) and France (X tons), together mixing up a 40% share of total imports. Poland (X tons), Switzerland (X tons), Austria (X tons), Ireland (X tons) and Norway (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Russia (with a CAGR of +12.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Spain ($X) constituted the countries with the highest levels of imports in 2022, with a combined 43% share of total imports. Italy, Russia, the UK, the Netherlands, France, Switzerland, Ireland, Austria, Poland and Norway lagged somewhat behind, together accounting for a further 46%.

Russia, with a CAGR of +12.2%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, rising by 12% against the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 +44.7% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 43% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ireland ($X per ton), while Germany ($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 UK (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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