Butanal Butanal And Acyclic Aldehydes Market

The global market for butanal and acyclic aldehydes experienced fluctuations in consumption, production, imports, and exports from 2012 to 2022. Consumption and production showed overall growth trends, while imports and exports fluctuated. Key players in consumption were Hungary, China, and Germany, while major exporters were Germany, China, and the United States. Export prices increased over the period, with notable growth in Malaysia and Belgium. The market is expected to continue growing in the coming years.

Market Forecast

Driven by increasing demand for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.9% for the period from 2022 to 2030, which is projected to bring the market volume to 716K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market value to $4.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

After eight years of growth, consumption of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function decreased by -2.9% to 614K tons in 2022. Overall, the total consumption indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +75.8% against 2013 indices. As a result, consumption reached the peak volume of 632K tons, and then contracted slightly in the following year.

The size of the market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function worldwide shrank dramatically to $3.4B in 2022, declining by -65.3% 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). Over the period under review, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the global market reached the maximum level at $9.7B in 2021, and then contracted notably in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Hungary (115K tons), China (95K tons) and Germany (61K tons), together comprising 44% of global consumption.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +106.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Hungary ($1.3B) led the market, alone. The second position in the ranking was taken by Mexico ($327M). It was followed by China.

From 2012 to 2022, the average annual growth rate of value in Hungary amounted to +127.9%. In the other countries, the average annual rates were as follows: Mexico (-0.7% per year) and China (+3.5% per year).

In 2022, the highest levels of butanal butanal and acyclic aldehydes per capita consumption was registered in Hungary (12 kg per person), followed by Belgium (3.9 kg per person), the Netherlands (0.9 kg per person) and Germany (0.7 kg per person), while the world average per capita consumption of butanal butanal and acyclic aldehydes was estimated at 0.1 kg per person.

In Hungary, butanal butanal and acyclic aldehydes per capita consumption expanded at an average annual rate of +106.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (+1.7% per year) and the Netherlands (+2.2% per year).

Production

World Production of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

In 2022, after eight years of growth, there was decline in production of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function, when its volume decreased by -1.7% to 577K tons. Overall, the total production indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +71.3% against 2013 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, production reached the peak volume of 587K tons, and then dropped in the following year.

In value terms, butanal butanal and acyclic aldehydes production rose rapidly to $1.8B in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 15% against the previous year. Over the period under review, global production attained the maximum level at $1.9B in 2020; however, from 2021 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (119K tons), Hungary (115K tons) and Germany (102K tons), together comprising 58% of global production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Hungary (with a CAGR of +34.4%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

In 2022, after two years of growth, there was significant decline in supplies from abroad of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function, when their volume decreased by -11.4% to 302K tons. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. As a result, imports attained the peak of 341K tons, and then contracted in the following year.

In value terms, butanal butanal and acyclic aldehydes imports rose remarkably to $896M in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports By Country

In 2022, Belgium (59K tons), distantly followed by the United States (37K tons), China (28K tons), Germany (24K tons), India (23K tons) and the Netherlands (18K tons) represented the main importers of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function, together constituting 63% of total imports. The United Arab Emirates (7.8K tons), the UK (7.5K tons), Sweden (6.7K tons), Italy (6.6K tons), France (6.4K tons), Malaysia (6.1K tons) and Spain (6K tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +14.7%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Belgium ($105M), the United States ($103M) and Germany ($76M) constituted the countries with the highest levels of imports in 2022, together comprising 32% of global imports. India, China, the Netherlands, Spain, France, the UK, Italy, the United Arab Emirates, Sweden and Malaysia lagged somewhat behind, together accounting for a further 39%.

Sweden, with a CAGR of +17.6%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average import price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function stood at $2,970 per ton in 2022, growing by 23% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Spain ($6,237 per ton), while Belgium ($1,790 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 Arab Emirates (+5.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

In 2022, the amount of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function exported worldwide dropped to 265K tons, waning by -10.2% compared with 2021 figures. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 8.7%. As a result, the exports reached the peak of 295K tons, and then reduced in the following year.

In value terms, butanal butanal and acyclic aldehydes exports amounted to $854M in 2022. The total export value increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 20% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports By Country

In 2022, Germany (65K tons), China (52K tons) and the United States (50K tons) was the major exporter of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function in the world, constituting 63% of total export. France (26K tons) held the next position in the ranking, followed by Belgium (14K tons). All these countries together held near 15% share of total exports. Taiwan (Chinese) (10K tons), Malaysia (10K tons), Poland (8.3K tons) and Japan (6.3K tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +49.9%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($211M), Germany ($161M) and China ($122M) constituted the countries with the highest levels of exports in 2022, with a combined 58% share of global exports. France, Japan, Malaysia, Belgium, Poland and Taiwan (Chinese) lagged somewhat behind, together comprising a further 23%.

Malaysia, with a CAGR of +51.6%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average export price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function amounted to $3,225 per ton, increasing by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($6,563 per ton), while Taiwan (Chinese) ($1,120 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform