Germany: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in Germany

The German octyl alcohol market surged to $X in 2022, growing by 28% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.7% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Octyl Alcohol Production in Germany

In value terms, octyl alcohol production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt decline. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Octyl Alcohol Exports

Exports from Germany

In 2022, octyl alcohol exports from Germany reduced markedly to X tons, dropping by -31.9% on 2021. Over the period under review, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by 51% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, octyl alcohol exports fell remarkably to $X in 2022. Overall, exports showed a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 108% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for octyl alcohol exports from Germany, with a 48% share of total exports. Moreover, octyl alcohol exports to Turkey exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Mexico (X tons) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.6% per year) and Mexico (-12.1% per year).

In value terms, Turkey ($X) remains the key foreign market for octanol (octyl alcohol) and isomers thereof exports from Germany, comprising 43% of total exports. The second position in the ranking was taken by the United States ($X), with a 13% share of total exports. It was followed by Mexico, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.4% per year) and Mexico (-11.5% per year).

Export Prices by Country

The average octyl alcohol export price stood at $X per ton in 2022, increasing by 16% against the previous year. Overall, export price indicated a moderate 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 export price increased by +59.1% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 38%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Octyl Alcohol Imports

Imports into Germany

In 2022, the amount of octanol (octyl alcohol) and isomers thereof imported into Germany contracted to X tons, waning by -8.9% against 2021 figures. In general, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, octyl alcohol imports surged to $X in 2022. Over the period under review, imports saw a mild downturn. The growth pace was the most rapid in 2021 when imports increased by 134% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X tons), Belgium (X tons) and Saudi Arabia (X tons) were the main suppliers of octyl alcohol imports to Germany, together comprising 57% of total imports. Sweden, Malaysia, Indonesia, China, the Netherlands, France and the United States lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +57.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Belgium ($X) and Saudi Arabia ($X) were the largest octyl alcohol suppliers to Germany, with a combined 55% share of total imports. Sweden, Indonesia, Malaysia, the Netherlands, China, France and the United States lagged somewhat behind, together accounting for a further 40%.

China, with a CAGR of +63.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average octyl alcohol import price stood at $X per ton in 2022, rising by 28% against the previous year. In general, import price indicated a pronounced 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, octyl alcohol import price increased by +96.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 53% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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