Germany: 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 Germany

The German propyl and isopropyl alcohol market skyrocketed to $X in 2022, growing by 108% against the previous year. Over the period under review, consumption showed strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, propyl and isopropyl alcohol production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports from Germany

In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exported from Germany shrank remarkably to X tons, waning by -47.9% on 2021 figures. Overall, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 32%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, propyl and isopropyl alcohol exports declined markedly to $X in 2022. Over the period under review, exports saw a pronounced contraction. The pace of growth was the most pronounced in 2020 when exports increased by 75% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of propyl and isopropyl alcohol exports from Germany, together accounting for 35% of total exports. Norway, the UK, Austria, Switzerland, Poland, Belgium, Spain, Ireland, Denmark and Israel lagged somewhat behind, together comprising a further 50%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +4.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and the Netherlands ($X) constituted the largest markets for propyl and isopropyl alcohol exported from Germany worldwide, together comprising 32% of total exports. Austria, Switzerland, Norway, the UK, Poland, Belgium, Spain, Ireland, Denmark and Israel lagged somewhat behind, together comprising a further 49%.

Among the main countries of destination, Norway, with a CAGR of +6.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average propyl and isopropyl alcohol export price amounted to $X per ton, with an increase of 29% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 export price increased by +60.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 40%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Switzerland ($X per ton) and Israel ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Germany

In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) imported into Germany was estimated at X tons, with an increase of 9.2% against 2021 figures. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 41% 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 rose notably to $X in 2022. In general, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 92%. 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

In 2022, the Netherlands (X tons) constituted the largest propyl and isopropyl alcohol supplier to Germany, accounting for a 38% share of total imports. Moreover, propyl and isopropyl alcohol imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+28.2% per year) and Belgium (+4.7% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) to Germany, comprising 41% of total imports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.5% per year) and France (+24.6% per year).

Import Prices by Country

The average propyl and isopropyl alcohol import price stood at $X per ton in 2022, with an increase of 1.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 42% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and the United States ($X per ton), while the price for France ($X per ton) and South Africa ($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 Netherlands (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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