Australia and Oceania: Butan-1-Ol (N-Butyl Alcohol) Market 2024

Butan-1-Ol (N-Butyl Alcohol) Market Size in Australia and Oceania

In 2022, the butan-1-ol (n-butyl alcohol) market in Australia and Oceania decreased by -36.8% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a deep reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Butan-1-Ol (N-Butyl Alcohol) Production in Australia and Oceania

In value terms, butan-1-ol (n-butyl alcohol) production amounted to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 48%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Butan-1-Ol (N-Butyl Alcohol) Exports

Exports in Australia and Oceania

For the fourth year in a row, Australia and Oceania recorded decline in overseas shipments of butan-1-ol (n-butyl alcohol), which decreased by -99.9% to X kg in 2022. Over the period under review, exports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 916%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, butan-1-ol (n-butyl alcohol) exports shrank sharply to $X in 2022. In general, exports showed a sharp decline. The growth pace was the most rapid in 2018 when exports increased by 651% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Australia was the main exporting country with an export of about X kg, which reached 60% of total exports. It was distantly followed by New Zealand (X kg), committing a 40% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of -51.8%).

In value terms, New Zealand ($X) emerged as the largest butan-1-ol (n-butyl alcohol) supplier in Australia and Oceania, comprising 67% of total exports. The second position in the ranking was held by Australia ($X), with a 33% share of total exports.

In New Zealand, butan-1-ol (n-butyl alcohol) exports decreased by an average annual rate of -34.1% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, increasing by 794% against the previous year. In general, the export price enjoyed a significant increase. 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 New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+45.1%).

Butan-1-Ol (N-Butyl Alcohol) Imports

Imports in Australia and Oceania

After two years of growth, overseas purchases of butan-1-ol (n-butyl alcohol) decreased by -41.1% to X tons in 2022. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 53%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, butan-1-ol (n-butyl alcohol) imports declined remarkably to $X in 2022. Over the period under review, imports showed a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of 169%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Australia prevails in imports structure, recording X tons, which was approx. 90% of total imports in 2022. It was distantly followed by New Zealand (X tons), constituting a 9.2% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to butan-1-ol (n-butyl alcohol) imports into Australia stood at -7.0%. At the same time, New Zealand (+2.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +2.1% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +5.4 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported butan-1-ol (n-butyl alcohol) in Australia and Oceania, comprising 93% of total imports. The second position in the ranking was held by New Zealand ($X), with a 6.3% share of total imports.

In Australia, butan-1-ol (n-butyl alcohol) imports declined by an average annual rate of -4.8% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, increasing by 9.5% against the previous year. In general, the import price enjoyed pronounced growth. The pace of growth appeared the most rapid in 2021 an increase of 76% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.4%).

Source: IndexBox Platform

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