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

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

The Central Asian market for butanols (excluding butan-1-ol (n-butyl alcohol)) fell slightly to $X in 2022, remaining stable against the previous year. The total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +84.3% against 2017 indices. As a result, consumption attained the peak level of $X, and then dropped modestly in the following year.

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

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight curtailment. The pace of growth appeared the most rapid in 2019 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports in Central Asia

For the fourth year in a row, Central Asia recorded growth in shipments abroad of butanols (excluding butan-1-ol (n-butyl alcohol)), which increased by 34% to X tons in 2017. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 122% against the previous year. The volume of export peaked in 2017 and is expected to retain growth in the immediate term.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports skyrocketed to $X in 2017. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2015 with an increase of 99.9%. The level of export peaked in 2017 and is likely to see gradual growth in the near future.

Exports by Country

The biggest shipments were from Kazakhstan (X tons), together resulting at 100% of total export.

Kazakhstan was also the fastest-growing in terms of the butanols (excluding butan-1-ol (n-butyl alcohol)) exports, with a CAGR of +66.9% from 2014 to 2017. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In Kazakhstan, butanols (excluding butan-1-ol (n-butyl alcohol)) exports expanded at an average annual rate of +47.0% over the period from 2014-2017.

Export Prices by Country

In 2017, the export price in Central Asia amounted to $X per ton, surging by 2.2% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The level of export peaked at $X per ton in 2014; however, from 2015 to 2017, the export prices remained at a lower figure.

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

From 2014 to 2017, the rate of growth in terms of prices for Kazakhstan amounted to -11.9% per year.

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

Imports in Central Asia

Butanols (excluding butan-1-ol (n-butyl alcohol)) imports skyrocketed to X tons in 2022, with an increase of 15% on the previous year. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 262% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports totaled $X in 2022. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2019 when imports increased by 226%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Uzbekistan prevails in imports structure, finishing at X tons, which was near 94% of total imports in 2022. It was distantly followed by Kazakhstan (X tons), constituting a 5.5% share of total imports.

Uzbekistan was also the fastest-growing in terms of the butanols (excluding butan-1-ol (n-butyl alcohol)) imports, with a CAGR of +210.2% from 2012 to 2022. At the same time, Kazakhstan (+6.7%) displayed positive paces of growth. While the share of Uzbekistan (+94 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (-94 p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) constitutes the largest market for imported butanols (excluding butan-1-ol (n-butyl alcohol)) in Central Asia, comprising 95% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 4.6% share of total imports.

In Uzbekistan, butanols (excluding butan-1-ol (n-butyl alcohol)) imports increased at an average annual rate of +195.5% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, waning by -12.9% against the previous year. Over the period under review, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2021 an increase of 75%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (-4.7%).

Source: IndexBox Platform

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