Report Update Apr 1, 2024

Vietnam - Octanol (Octyl Alcohol) and Isomers Thereof - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in Vietnam

In 2022, after two years of growth, there was significant decline in the Vietnamese octyl alcohol market, when its value decreased by -20.2% to $X. Over the period under review, consumption, however, enjoyed temperate growth. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

Octyl Alcohol Exports

Exports from Vietnam

After two years of decline, shipments abroad of octanol (octyl alcohol) and isomers thereof decreased by 0% to X kg in 2018. Over the period under review, exports faced a dramatic shrinkage. The smallest decline of 99.9% was in 2016. The exports peaked at X tons in 2015; however, from 2016 to 2018, the exports remained at a lower figure.

In value terms, octyl alcohol exports stood at $X in 2018. In general, exports saw a dramatic curtailment. The smallest decline of 99.9% was in 2016. The exports peaked at $X in 2015; however, from 2016 to 2018, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X kg) was the main destination for octyl alcohol exports from Vietnam, with a approx. 100% share of total exports.

From 2015 to 2018, the average annual growth rate of volume to South Korea was relatively modest.

From 2015 to 2018, the average annual growth rate of value to South Korea was relatively modest.

Export Prices by Country

In 2018, the average octyl alcohol export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price saw a significant increase. The growth pace was the most rapid in 2016 when the average export price decreased by 99.9% against the previous year. The export price peaked in 2018 and is expected to retain growth in the near future.

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

From 2015 to 2018, the rate of growth in terms of prices for South Korea amounted to 0.0% per year.

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Octyl Alcohol Imports

Imports into Vietnam

In 2022, purchases abroad of octanol (octyl alcohol) and isomers thereof decreased by -8.1% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2016 when imports increased by 67% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, octyl alcohol imports fell markedly to $X in 2022. Over the period under review, imports, however, continue to indicate measured growth. The pace of growth was the most pronounced in 2021 with an increase of 121% against the previous year. As a result, imports reached the peak of $X, and then shrank notably in the following year.

Imports by Country

In 2022, South Korea (X tons) was the main supplier of octyl alcohol to Vietnam, with a 94% share of total imports. Moreover, octyl alcohol imports from South Korea exceeded the figures recorded by the second-largest supplier, Singapore (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea totaled +3.2%.

In value terms, South Korea ($X) constituted the largest supplier of octanol (octyl alcohol) and isomers thereof to Vietnam, comprising 96% of total imports. The second position in the ranking was held by Singapore ($X), with a 3.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea totaled +2.6%.

Import Prices by Country

The average octyl alcohol import price stood at $X per ton in 2022, which is down by -21% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 85% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced markedly in the following year.

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 South Korea ($X per ton), while the price for Singapore amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-0.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and Germany, with a combined 33% share of global consumption. India, Saudi Arabia, Japan, Indonesia, South Korea, Pakistan, Brazil, Mexico, the Philippines and Venezuela lagged somewhat behind, together accounting for a further 37%.

What are the largest producers of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) in the world?

The countries with the highest volumes of production in 2022 were China, the United States and Singapore, with a combined 34% share of global production. Germany, Saudi Arabia, India, Indonesia, Pakistan, the Philippines, Japan, Poland, Venezuela and Brazil lagged somewhat behind, together accounting for a further 41%.

What are the leading suppliers of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) to Vietnam?

In value terms, Singapore constituted the largest supplier of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) to Vietnam, comprising 86% of total imports. The second position in the ranking was held by Malaysia, with a 6% share of total imports. It was followed by Thailand, with a 2.7% share.

What are the leading importers of lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) from Vietnam?

In value terms, the largest markets for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols exported from Vietnam were Cambodia, Thailand and Lao People's Democratic Republic, with a combined 88% share of total exports.

What is the average export price for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) in Vietnam?

In 2022, the average export price for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) amounted to $907 per ton, declining by -32.2% against the previous year.

What is the average import price for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols (excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) in Vietnam?

The average import price for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols excluding methyl, propyl and isopropyl, n-butyl, other butanols, octyl) stood at $3,897 per ton in 2022, with an increase of 30% against the previous year.

This report provides an in-depth analysis of the octyl alcohol market in Vietnam. 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 20142263 - Octanol (octyl alcohol) and isomers thereof

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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
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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