Poland: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in Poland

The Polish octyl alcohol market shrank to $X in 2022, which is down by -4.8% against the previous year. In general, consumption saw a pronounced shrinkage. Octyl alcohol consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Octyl Alcohol Production in Poland

In value terms, octyl alcohol production contracted to $X in 2022 estimated in export price. In general, production faced a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Octyl Alcohol Exports

Exports from Poland

In 2022, after three years of growth, there was significant decline in shipments abroad of octanol (octyl alcohol) and isomers thereof, when their volume decreased by -40.7% to X tons. Over the period under review, exports faced a precipitous setback. The pace of growth was the most pronounced in 2019 with an increase of 44%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, octyl alcohol exports reduced dramatically to $X in 2022. In general, exports faced a precipitous decline. The pace of growth was the most pronounced in 2019 with an increase of 41% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and Ukraine (X tons) were the main destinations of octyl alcohol exports from Poland, together accounting for 83% of total exports. Belgium, the Czech Republic and Slovakia lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +103.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Italy ($X) and Ukraine ($X) were the largest markets for octyl alcohol exported from Poland worldwide, with a combined 83% share of total exports.

Ukraine, with a CAGR of +80.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average octyl alcohol export price stood at $X per ton in 2022, increasing by 23% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price 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, octyl alcohol export price increased by +58.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 39% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and Belgium ($X per ton), while the average price for exports to the Czech Republic ($X per ton) and Italy ($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 Germany (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Octyl Alcohol Imports

Imports into Poland

In 2022, octyl alcohol imports into Poland reduced slightly to X tons, which is down by -4.1% on the previous year's figure. In general, imports, however, posted resilient growth. The growth pace was the most rapid in 2015 when imports increased by 142%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, octyl alcohol imports soared to $X in 2022. Over the period under review, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 53%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, France (X tons) constituted the largest octyl alcohol supplier to Poland, accounting for a 52% share of total imports. Moreover, octyl alcohol imports from France exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +123.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+41.7% per year) and Germany (-5.1% per year).

In value terms, the largest octyl alcohol suppliers to Poland were France ($X), Sweden ($X) and Germany ($X), with a combined 91% share of total imports.

France, with a CAGR of +128.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average octyl alcohol import price stood at $X per ton in 2022, growing by 25% against the previous year. In general, the import price continues to indicate slight growth. The pace of growth was the most pronounced in 2021 an increase of 67% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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