Report Update Apr 1, 2024

Venezuela - Propan-1-Ol (Propyl Alcohol) and Propan-2-Ol (Isopropyl Alcohol) - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: 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 Venezuela

The Venezuelan propyl and isopropyl alcohol market surged to $X in 2022, growing by 23% 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). In general, consumption, however, recorded a abrupt setback. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

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

Exports from Venezuela

In 2021, overseas shipments of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -45% to X kg for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded strong growth. The growth pace was the most rapid in 2017 when exports increased by 738%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, propyl and isopropyl alcohol exports declined dramatically to $X in 2021. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 314%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for propyl and isopropyl alcohol exports from Venezuela, with a approx. 50% share of total exports.

From 2014 to 2021, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

In value terms, the Netherlands ($X) emerged as the key foreign market for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports from Venezuela.

From 2014 to 2021, the average annual growth rate of value to the Netherlands was relatively modest.

Export Prices by Country

In 2021, the average propyl and isopropyl alcohol export price amounted to $X per ton, with an increase of 23% against the previous year. In general, the export price continues to indicate a measured increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2014 to 2021, the rate of growth in terms of prices for Colombia amounted to -81.6% per year.

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

Imports into Venezuela

In 2022, propyl and isopropyl alcohol imports into Venezuela skyrocketed to X tons, growing by 38% against the previous year's figure. In general, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 116%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, propyl and isopropyl alcohol imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of 126%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), China (X tons) and South Africa (X tons) were the main suppliers of propyl and isopropyl alcohol imports to Venezuela, together comprising 88% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +26.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest propyl and isopropyl alcohol suppliers to Venezuela were the United States ($X), China ($X) and South Africa ($X), together comprising 81% of total imports.

China, with a CAGR of +26.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average propyl and isopropyl alcohol import price amounted to $X per ton, waning by -14% against the previous year. In general, the import price saw a slight decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 28% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in the world?

The countries with the highest volumes of consumption in 2022 were China, the United States and India, with a combined 40% share of global consumption. Germany, Brazil, South Korea, Japan, Russia, Mexico, the Netherlands, Singapore, Malaysia and Turkey lagged somewhat behind, together comprising a further 28%.

What are the largest producers of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in the world?

The countries with the highest volumes of production in 2022 were China, the United States and South Korea, together comprising 52% of global production.

What are the leading suppliers of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) to Venezuela?

In value terms, the United States, China and South Africa appeared to be the largest propyl and isopropyl alcohol suppliers to Venezuela, with a combined 81% share of total imports.

What are the leading importers of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) from Venezuela?

In value terms, the Netherlands $340) emerged as the key foreign market for propan-1-ol propyl alcohol) and propan-2-ol isopropyl alcohol) exports from Venezuela.

What is the average export price for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in Venezuela?

In 2021, the average propyl and isopropyl alcohol export price amounted to $7,727 per ton, rising by 23% against the previous year.

What is the average import price for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in Venezuela?

In 2022, the average propyl and isopropyl alcohol import price amounted to $1,395 per ton, declining by -14% against the previous year.

This report provides an in-depth analysis of the market for propyl and isopropyl alcohol in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20142220 - Propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol)

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023