ASEAN: Market for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) 2024

Market Size for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in ASEAN

In 2021, the ASEAN market for butanols (excluding butan-1-ol (n-butyl alcohol)) was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in ASEAN

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production expanded notably to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.8% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 61%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Exports in ASEAN

In 2021, approx. X tons of butanols (excluding butan-1-ol (n-butyl alcohol)) were exported in ASEAN; with an increase of 11% on the year before. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 108%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports surged to $X in 2021. Overall, exports enjoyed prominent growth. The growth pace was the most rapid in 2018 with an increase of 88%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

Malaysia was the major exporter of butanols (excluding butan-1-ol (n-butyl alcohol)) in ASEAN, with the volume of exports recording X tons, which was approx. 76% of total exports in 2021. It was distantly followed by Thailand (X tons) and Indonesia (X tons), together achieving a 22% share of total exports. Singapore (X tons) held a little share of total exports.

Exports from Malaysia increased at an average annual rate of +13.6% from 2012 to 2021. At the same time, Thailand (+21.2%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +21.2% from 2012-2021. Singapore experienced a relatively flat trend pattern. By contrast, Indonesia (-3.2%) illustrated a downward trend over the same period. While the share of Malaysia (+12 p.p.) and Thailand (+8.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-3.3 p.p.) and Indonesia (-16.6 p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) remains the largest butanols (excluding butan-1-ol (n-butyl alcohol)) supplier in ASEAN, comprising 73% of total exports. The second position in the ranking was taken by Thailand ($X), with a 12% share of total exports. It was followed by Indonesia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Malaysia stood at +9.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+17.6% per year) and Indonesia (-1.4% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, growing by 64% against the previous year. In general, the export price, however, continues to indicate a pronounced descent. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Imports in ASEAN

In 2021, after three years of decline, there was significant growth in supplies from abroad of butanols (excluding butan-1-ol (n-butyl alcohol)), when their volume increased by 82% to X tons. Over the period under review, imports, however, continue to indicate a perceptible downturn. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports soared to $X in 2021. Overall, imports, however, showed a perceptible decline. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of butanols (excluding butan-1-ol (n-butyl alcohol)) imports in 2021 were Singapore (X tons), Thailand (X tons) and Indonesia (X tons), together recording 86% of total import. It was distantly followed by Vietnam (X tons), mixing up a 9.6% share of total imports. The following importers - Malaysia (X tons) and the Philippines (X tons) - each accounted for a 3.3% share of total imports.

From 2012 to 2021, the biggest increases were in Singapore (with a CAGR of +11.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest butanols (excluding butan-1-ol (n-butyl alcohol)) importing markets in ASEAN were Singapore ($X), Thailand ($X) and Indonesia ($X), with a combined 87% share of total imports.

Singapore, with a CAGR of +10.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, jumping by 16% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Indonesia ($X per ton) and Vietnam ($X per ton), while the Philippines ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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