Southern Asia: 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 Southern Asia

The South Asian propyl and isopropyl alcohol market contracted to $X in 2022, falling by -13.3% against the previous year. In general, consumption saw a perceptible curtailment. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, propyl and isopropyl alcohol production shrank to $X in 2022 estimated in export price. In general, production recorded a abrupt downturn. The growth pace was the most rapid in 2021 when the production volume increased by 19%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports in Southern Asia

In 2022, propyl and isopropyl alcohol exports in Southern Asia surged to X tons, jumping by 16% against 2021 figures. Overall, exports saw a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 55% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, propyl and isopropyl alcohol exports expanded notably to $X in 2022. In general, exports enjoyed measured growth. The most prominent rate of growth was recorded in 2020 when exports increased by 53%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, India (X tons) was the key exporter of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in Southern Asia, making up 100% of total export.

India 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 +9.2% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest propyl and isopropyl alcohol supplier in Southern Asia.

In India, propyl and isopropyl alcohol exports increased at an average annual rate of +4.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, reducing by -7.6% against the previous year. In general, the export price recorded a noticeable reduction. The pace of growth was the most pronounced in 2020 when the export price increased by 33% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -4.2% per year.

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

Imports in Southern Asia

In 2022, purchases abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -9.4% to X tons, falling for the second consecutive year after nine years of growth. In general, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 23% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, propyl and isopropyl alcohol imports dropped to $X in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 61%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

India prevails in imports structure, finishing at X tons, which was near 85% of total imports in 2022. It was distantly followed by Pakistan (X tons), constituting a 9.6% share of total imports. The following importers - Bangladesh (X tons) and Sri Lanka (X tons) - each resulted at a 5.3% share of total imports.

Imports into India increased at an average annual rate of +12.1% from 2012 to 2022. At the same time, Bangladesh (+16.7%), Pakistan (+5.3%) and Sri Lanka (+2.1%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +16.7% from 2012-2022. From 2012 to 2022, the share of India increased by +8.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in Southern Asia, comprising 82% of total imports. The second position in the ranking was held by Pakistan ($X), with a 10% share of total imports. It was followed by Bangladesh, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to +9.8%. In the other countries, the average annual rates were as follows: Pakistan (+4.1% per year) and Bangladesh (+17.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, reducing by -4.6% against the previous year. Overall, the import price saw a slight contraction. The pace of growth was the most pronounced in 2020 when the import price increased by 35%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :