Pakistan: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in Pakistan

The Pakistani octyl alcohol market shrank to $X in 2022, dropping by -10.7% 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, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +70.0% against 2020 indices. As a result, consumption reached the peak level of $X, and then declined in the following year.

Octyl Alcohol Exports

Exports from Pakistan

In 2017, overseas shipments of octanol (octyl alcohol) and isomers thereof decreased by 0% to X kg, falling for the second consecutive year after three years of decline. Over the period under review, exports recorded a dramatic curtailment. The smallest decline of -88.2% was in 2013. Over the period under review, the exports reached the peak figure at X kg in 2012; however, from 2013 to 2017, the exports remained at a lower figure.

In value terms, octyl alcohol exports totaled $X in 2017. Overall, exports continue to indicate a sharp decline. The smallest decline of -88% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2017, the exports failed to regain momentum.

Exports by Country

India (X kg) was the main destination for octyl alcohol exports from Pakistan, accounting for a approx. 100% share of total exports.

From 2012 to 2017, the average annual growth rate of volume to India totaled -40.7%.

From 2012 to 2017, the average annual rate of growth in terms of value to India totaled -58.6%.

Export Prices by Country

In 2017, the average octyl alcohol export price amounted to $X per ton, remaining constant against the previous year. In general, the export price faced a sharp descent. The pace of growth appeared the most rapid in 2013 an increase of 2.1% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2017, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2017, the rate of growth in terms of prices for India amounted to -30.2% per year.

Octyl Alcohol Imports

Imports into Pakistan

In 2022, octyl alcohol imports into Pakistan reduced to X tons, shrinking by -9.9% on 2021 figures. In general, total imports indicated a pronounced expansion from 2012 to 2022: its volume 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, imports increased by +46.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, octyl alcohol imports fell to $X in 2022. Overall, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 108% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest octyl alcohol supplier to Pakistan, accounting for a 86% share of total imports. Moreover, octyl alcohol imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. France (X tons) ranked third in terms of total imports with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.1% per year) and France (+70.5% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of octanol (octyl alcohol) and isomers thereof to Pakistan, comprising 88% of total imports. The second position in the ranking was taken by China ($X), with a 3.9% share of total imports. It was followed by Germany, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.2% per year) and Germany (+41.1% per year).

Import Prices by Country

The average octyl alcohol import price stood at $X per ton in 2022, approximately equating the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 29%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Saudi Arabia ($X per ton) and Germany ($X per ton), while the price for France ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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