China: Butan-1-Ol (N-Butyl Alcohol) Market 2024

Butan-1-Ol (N-Butyl Alcohol) Market Size in China

After two years of growth, the Chinese butan-1-ol (n-butyl alcohol) market decreased by -19% to $X in 2022. In general, consumption showed a relatively flat trend pattern. Butan-1-ol (n-butyl alcohol) consumption peaked at $X in 2021, and then dropped sharply in the following year.

Butan-1-Ol (N-Butyl Alcohol) Production in China

In value terms, butan-1-ol (n-butyl alcohol) production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 112% against the previous year. Butan-1-ol (n-butyl alcohol) production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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

Exports from China

Butan-1-ol (n-butyl alcohol) exports from China shrank to X tons in 2022, with a decrease of -14.3% against the previous year. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 3,174%. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, butan-1-ol (n-butyl alcohol) exports dropped remarkably to $X in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 5,671% against the previous year. As a result, the exports attained the peak of $X, and then plummeted in the following year.

Exports by Country

South Korea (X tons) was the main destination for butan-1-ol (n-butyl alcohol) exports from China, accounting for a 39% share of total exports. Moreover, butan-1-ol (n-butyl alcohol) exports to South Korea exceeded the volume sent to the second major destination, Singapore (X tons), twofold. Brazil (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea stood at +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+306.0% per year) and Brazil (+9.1% per year).

In value terms, South Korea ($X) remains the key foreign market for butan-1-ol (n-butyl alcohol) exports from China, comprising 35% of total exports. The second position in the ranking was held by Singapore ($X), with a 16% share of total exports. It was followed by Brazil, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to South Korea totaled +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+244.6% per year) and Brazil (+19.1% per year).

Export Prices by Country

In 2022, the average butan-1-ol (n-butyl alcohol) export price amounted to $X per ton, which is down by -29.3% against the previous year. Over the period under review, the export price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2021 an increase of 76%. As a result, the export price reached the peak level of $X per ton, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into China

In 2022, overseas purchases of butan-1-ol (n-butyl alcohol) decreased by -0.5% to X tons, falling for the second year in a row after two years of growth. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 25% against the previous year. Imports 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 dropped to $X in 2022. Over the period under review, imports showed a deep setback. The growth pace was the most rapid in 2017 when imports increased by 17%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to China, with a 23% share of total imports. Moreover, butan-1-ol (n-butyl alcohol) imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. South Africa (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia totaled +51.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-16.3% per year) and South Africa (-15.3% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to China, comprising 24% of total imports. The second position in the ranking was taken by Russia ($X), with a 4.3% share of total imports. It was followed by South Africa, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia totaled +71.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-21.7% per year) and South Africa (-16.7% per year).

Import Prices by Country

In 2022, the average butan-1-ol (n-butyl alcohol) import price amounted to $X per ton, falling by -5.1% against the previous year. Over the period under review, the import price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 76%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+13.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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