Iran: Market for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) 2022

Market Size for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Iran

The Iranian propyl and isopropyl alcohol market skyrocketed to $X in 2021, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. Propyl and isopropyl alcohol consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

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

Exports from Iran

In 2021, after two years of growth, there was significant decline in shipments abroad of propan-X (propyl alcohol) and propan-X (isopropyl alcohol), when their volume decreased by -X% to X tons. Overall, exports showed a noticeable contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, propyl and isopropyl alcohol exports fell to $X in 2021. Over the period under review, exports recorded a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for propyl and isopropyl alcohol exports from Iran, with a X% share of total exports. Moreover, propyl and isopropyl alcohol exports to Turkey exceeded the volume sent to the second major destination, Azerbaijan (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Turkey amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (-X% per year) and Afghanistan (-X% per year).

In value terms, Turkey ($X) remains the key foreign market for propyl and isopropyl alcohol exports from Iran, comprising X% of total exports. The second position in the ranking was occupied by Azerbaijan ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Turkey totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (-X% per year) and Afghanistan (-X% per year).

Export Prices by Country

In 2021, the average propyl and isopropyl alcohol export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+X%), while the prices for the other major destinations experienced a decline.

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

Imports into Iran

In 2021, the amount of propan-X (propyl alcohol) and propan-X (isopropyl alcohol) imported into Iran surged to X tons, rising by X% compared with 2020 figures. In general, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, propyl and isopropyl alcohol imports skyrocketed to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), South Korea (X tons) and China (X tons) were the main suppliers of propyl and isopropyl alcohol imports to Iran, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), South Korea ($X) and China ($X) were the largest propyl and isopropyl alcohol suppliers to Iran, with a combined X% share of total imports.

In terms of the main suppliers, China, with a CAGR of +X%, 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 average propyl and isopropyl alcohol import price stood at $X per ton in 2021, with a decrease of -X% against the previous year. In general, the import price saw a pronounced slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform