China - Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Propyl and Isopropyl Alcohol in China - 2023
Contents:
- Price for Propyl and Isopropyl Alcohol in China (FOB) - 2023
- Price for Propyl and Isopropyl Alcohol in China (CIF) - 2022
- Exports of Propyl and Isopropyl Alcohol in China
- Imports of Propyl and Isopropyl Alcohol in China
Price for Propyl and Isopropyl Alcohol in China (FOB) - 2023
The average propyl and isopropyl alcohol export price stood at $959 per ton in September 2023, increasing by 1.8% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 12% month-to-month. As a result, the export price reached the peak level of $987 per ton. From November 2022 to September 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In September 2023, the countries with the highest prices were Venezuela ($1,149 per ton) and Brazil ($1,119 per ton), while the average price for exports to Indonesia ($852 per ton) and India ($940 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Propyl and Isopropyl Alcohol in China (CIF) - 2022
In 2022, the average propyl and isopropyl alcohol import price amounted to $1,272 per ton, declining by -6.2% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 18%. The import price peaked at $1,434 per ton in 2013; however, from 2014 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 Japan ($2,716 per ton), while the price for the United States ($988 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.3%), while the prices for the other major suppliers experienced a decline.
Exports of Propyl and Isopropyl Alcohol in China
In 2022, the amount of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exported from China soared to 174K tons, increasing by 34% compared with 2021. Over the period under review, exports, however, showed a slight decline. The growth pace was the most rapid in 2020 with an increase of 39%. As a result, the exports attained the peak of 256K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, propyl and isopropyl alcohol exports skyrocketed to $176M in 2022. In general, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 133%. As a result, the exports attained the peak of $299M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Propyl and Isopropyl Alcohol in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 63.6 | 52.6 | 41.8 | 66.3 | 1.4% |
| Indonesia | 11.9 | 20.9 | 23.3 | 26.2 | 30.1% |
| Thailand | 9.0 | 18.3 | 22.9 | 16.3 | 21.9% |
| Philippines | 2.9 | 15.0 | 9.0 | 11.0 | 56.0% |
| Malaysia | 6.7 | 15.5 | 9.9 | 10.1 | 14.7% |
| Vietnam | 3.5 | 5.7 | 6.6 | 4.7 | 10.3% |
| Venezuela | N/A | 2.1 | 0.9 | 4.0 | 38.0% |
| Russia | 5.7 | 27.2 | 2.3 | 3.7 | -13.4% |
| Singapore | 1.2 | 4.9 | 1.8 | 3.0 | 35.7% |
| Turkey | 0.8 | 4.9 | 2.1 | 2.9 | 53.6% |
| Others | 22.7 | 132 | 19.8 | 27.4 | 6.5% |
| Total | 128 | 299 | 140 | 176 | 11.2% |
Top Export Markets for Propyl and Isopropyl Alcohol from China in 2022:
- India (71.1K tons)
- Indonesia (26.2K tons)
- Thailand (16.7K tons)
- Philippines (10.9K tons)
- Malaysia (10.3K tons)
- Vietnam (4.7K tons)
- Venezuela (3.2K tons)
- Singapore (2.8K tons)
- Turkey (2.7K tons)
- Russia (2.7K tons)
Imports of Propyl and Isopropyl Alcohol in China
In 2022, supplies from abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) was finally on the rise to reach 94K tons after two years of decline. Overall, imports, however, continue to indicate a deep setback.
In value terms, propyl and isopropyl alcohol imports rose markedly to $120M in 2022. In general, imports, however, continue to indicate a noticeable downturn.
| Import of Propyl and Isopropyl Alcohol in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 57.2 | 19.5 | 11.8 | 27.6 | -21.6% |
| South Korea | 11.3 | 23.3 | 17.1 | 14.5 | 8.7% |
| South Africa | 17.5 | 13.0 | 9.1 | 11.0 | -14.3% |
| Japan | 6.4 | 5.7 | 7.0 | 7.3 | 4.5% |
| Singapore | 1.7 | 2.0 | 1.9 | 0.1 | -61.1% |
| Taiwan (Chinese) | 33.6 | N/A | N/A | N/A | 0% |
| Others | 2.4 | 39.3 | 58.2 | 59.3 | 191.3% |
| Total | 130 | 103 | 105 | 120 | -2.6% |
Top Suppliers of Propyl and Isopropyl Alcohol to China in 2022:
- United States (28.0K tons)
- South Korea (11.4K tons)
- South Africa (11.1K tons)
- Japan (2.7K tons)
- Singapore (0.1K tons)
This report provides an in-depth analysis of the market for propyl and isopropyl alcohol in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
409
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499
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266
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