Australia and Oceania: Market for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) 2023

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

The market for butanols (excluding butan-1-ol (n-butyl alcohol)) in Australia and Oceania rose modestly to $X in 2022, growing by 4.2% against the previous year. In general, consumption recorded a slight expansion. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production expanded slightly to $X in 2022 estimated in export price. Overall, production enjoyed mild growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by 63% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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

Exports in Australia and Oceania

In 2022, after seven years of growth, there was significant decline in overseas shipments of butanols (excluding butan-1-ol (n-butyl alcohol)), when their volume decreased by -59.6% to X tons. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2016 when exports increased by 186%. The volume of export peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports fell rapidly to $X in 2022. Overall, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2019 when exports increased by 202%. The level of export peaked at $X in 2021, and then fell markedly in the following year.

Exports by Country

Australia (X tons) represented roughly 99.9% of total exports in 2022.

Australia was also the fastest-growing in terms of the butanols (excluding butan-1-ol (n-butyl alcohol)) exports, with a CAGR of +23.3% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest butanols (excluding butan-1-ol (n-butyl alcohol)) supplier in Australia and Oceania.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +17.8%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, picking up by 11% against the previous year. In general, the export price, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2015 when the export price increased by 55%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -4.4% per year.

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

Imports in Australia and Oceania

For the third consecutive year, Australia and Oceania recorded growth in overseas purchases of butanols (excluding butan-1-ol (n-butyl alcohol)), which increased by 3.4% to X tons in 2022. Over the period under review, imports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 17% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports skyrocketed to $X in 2022. Overall, imports, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

New Zealand (X tons) and Australia (X tons) dominates imports structure, together generating 94% of total imports. It was distantly followed by Fiji (X tons), generating a 6% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Fiji (with a CAGR of +9.0%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Australia ($X), New Zealand ($X) and Fiji ($X) were the countries with the highest levels of imports in 2022, together accounting for 100% of total imports.

In terms of the main importing countries, Fiji, with a CAGR of +9.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, increasing by 21% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 27% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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