United Arab Emirates: 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 the United Arab Emirates

In 2022, the propyl and isopropyl alcohol market in the United Arab Emirates decreased by -12.3% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, continues to indicate prominent growth. As a result, consumption reached the peak level of $X, and then fell in the following year.

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

Exports from the United Arab Emirates

In 2022, approx. X tons of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) were exported from the United Arab Emirates; jumping by 18% compared with 2021. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 102% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, propyl and isopropyl alcohol exports surged to $X in 2022. In general, exports saw a strong increase. The pace of growth was the most pronounced in 2018 when exports increased by 104%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons), Singapore (X tons) and Sri Lanka (X tons) were the main destinations of propyl and isopropyl alcohol exports from the United Arab Emirates, together accounting for 51% of total exports. Bahrain, Morocco, Tanzania, Argentina and the Netherlands lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +177.7%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) emerged as the key foreign market for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports from the United Arab Emirates, comprising 27% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 13% share of total exports. It was followed by Singapore, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to +41.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+6.2% per year) and Singapore (+44.2% per year).

Export Prices by Country

The average propyl and isopropyl alcohol export price stood at $X per ton in 2022, approximately mirroring the previous year. In general, the export price, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2017 when the average export price increased by 27%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the United Arab Emirates

After four years of growth, purchases abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -5.6% to X tons in 2022. Overall, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 36%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, propyl and isopropyl alcohol imports fell to $X in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 69%. Over the period under review, imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, South Africa (X tons) constituted the largest propyl and isopropyl alcohol supplier to the United Arab Emirates, accounting for a 51% share of total imports. Moreover, propyl and isopropyl alcohol imports from South Africa exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from South Africa amounted to +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+32.2% per year) and the Netherlands (-3.7% per year).

In value terms, the largest propyl and isopropyl alcohol suppliers to the United Arab Emirates were South Africa ($X), India ($X) and the Netherlands ($X), with a combined 76% share of total imports. South Korea, the United States and Germany lagged somewhat behind, together accounting for a further 11%.

Among the main suppliers, South Korea, with a CAGR of +46.9%, saw 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

In 2022, the average propyl and isopropyl alcohol import price amounted to $X per ton, which is down by -8.1% against the previous year. Overall, the import price showed a mild setback. The growth pace was the most rapid in 2020 an increase of 43%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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