Propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) market in Spain

Earlier Report Observations

Imports of propanols into Spain grew from 42 690 tons in 2018 to 53 637 tons in 2020, while exports also increased. The COVID-19 pandemic in 2020 directly affected demand from end-user industries, though increased residential use supported overall consumption during the lockdown period.

The market volume for propanols reached 48 798 tons in 2021, then sharply fell to 34 002 tons in 2022 against a backdrop of historical highs in gasoline and diesel prices due to the war in Ukraine, which raised production costs and reduced demand for chemical derivatives. In 2023, market volume recovered to 39 121 tons as fuel prices moderated and competitive pressures eased in the energy sector. By 2024, the market stabilized at 39 940 tons, supported by growth in Spain's light vehicle and motorcycle sector, which boosted demand for fuel and related chemicals.

Production propan-1-ol and propan-2-ol in Spain

According to Faostat, there is no production of propan-1-ol and propan-2-ol in Spain.

Exports propan-1-ol and propan-2-ol from Spain

Exports in kind, t

In 2020, Spain exported 5 416 tonnes of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol), marking a dramatic 49.2% increase compared to the previous year. Between 2017 and 2020, exports grew by 58.3%, which translates to an annualized growth rate of 16.6%. The largest decline occurred in 2019, when exports fell by 4.3%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, t

From 2017 to 2020, Portugal, France, and Tunisia were the main markets for Spain's exports of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in volume terms. Portugal accounted for 31.8% of exports, France for 21.6%, and Tunisia for 9.1%. Together, these three countries represented 62.5% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, K $ US

The market performance showed noticeable fluctuations during this period. In 2020, the value of exported propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) from Spain reached 11 130 thousand US dollars, a significant 116.8% increase from the prior year. The lowest value was recorded in 2018 at 4 948 thousand US dollars, with the largest decline of 3.8% also occurring that year. The difference between the peak in 2020 and the trough in 2018 was 2.2 times.

Annual dynamics of product's exports from Spain in value, 2017-2020, K $ US

Between 2017 and 2020, Portugal, France, and Tunisia remained the principal buyers of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) from Spain in value terms. Portugal's share was 37.8% of exports, France's was 11.0%, and Tunisia's was 8.8%. Collectively, these three markets accounted for 57.7% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports propan-1-ol and propan-2-ol to Spain

Imports in kind, t

Spain's imports of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) increased for the third consecutive year in 2020, reaching a total of 53 637 tonnes. This represented a 19.3% rise compared to 2019. Over the period from 2017 to 2020, imports grew by 52.2%, with a compound annual growth rate of 15.0%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, t

From 2017 to 2020, France, the United States, and Germany formed the core group of suppliers for Spain's imports of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in volume terms. France contributed 45.4% of imports, the United States 25.3%, and Germany 8.2%. Together, these three countries represented 78.8% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, K $ US

In 2020, Spain's imports of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) amounted to 67 746 thousand US dollars, a 64.2% increase from the previous year. Over the 2017-2020 period, imports rose by 63.4%, with a compound annual growth rate of 17.8%. The lowest value was recorded in 2019 at 41 251 thousand US dollars, which also saw the largest decline of 6.4%.

Annual dynamics of product's imports to Spain in value, 2017-2020, K $ US

Between 2017 and 2020, France, the United States, and Germany led the ranking of suppliers of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) to Spain in value terms. France accounted for 45.2% of imports, the United States for 18.6%, and Germany for 10.7%. Their combined share reached 74.5% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020