SADC: 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 SADC

The SADC propyl and isopropyl alcohol market fell slightly to $X in 2022, waning by -1.8% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

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

In value terms, propyl and isopropyl alcohol production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 24%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports in SADC

In 2022, exports of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in SADC reached X tons, growing by 8.5% compared with 2021 figures. Total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.3% against 2018 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 44%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, propyl and isopropyl alcohol exports stood at $X in 2022. Overall, exports posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 61%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

South Africa (X tons) represented roughly 99.9% of total exports in 2022.

South Africa was also the fastest-growing in terms of the propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports, with a CAGR of +6.0% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest propyl and isopropyl alcohol supplier in SADC.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at +6.0%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 34% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +0.0% per year.

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

Imports in SADC

In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) imported in SADC reached X tons, surging by 4.7% against 2021 figures. The total import volume increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 63% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, propyl and isopropyl alcohol imports rose significantly to $X in 2022. Total imports indicated a noticeable 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 +86.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 87%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Tanzania (X tons) and Zimbabwe (X tons) represented the main importers of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in SADC, together generating 46% of total imports. Angola (X tons) took the next position in the ranking, followed by Zambia (X tons), South Africa (X tons), Mauritius (X tons), Namibia (X tons) and Madagascar (X tons). All these countries together took near 45% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Zimbabwe (with a CAGR of +23.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest propyl and isopropyl alcohol importing markets in SADC were Zimbabwe ($X), Tanzania ($X) and Angola ($X), with a combined 55% share of total imports.

Among the main importing countries, Zimbabwe, with a CAGR of +23.2%, 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 import price in SADC stood at $X per ton in 2022, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2021 when the import price increased by 17%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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