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

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

The Chinese market for butanols (excluding butan-1-ol (n-butyl alcohol)) declined to $X in 2022, waning by -11% against the previous year. Over the period under review, consumption continues to indicate a mild curtailment. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production rose slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 117% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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

Exports from China

In 2022, shipments abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) decreased by -30.5% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 129% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports reduced markedly to $X in 2022. Overall, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2017 when exports increased by 160%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank notably in the following year.

Exports by Country

India (X tons) was the main destination for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from China, accounting for a 51% share of total exports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) exports to India exceeded the volume sent to the second major destination, South Korea (X tons), threefold. Japan (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to India amounted to +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+21.7% per year) and Japan (+26.8% per year).

In value terms, India ($X) remains the key foreign market for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from China, comprising 51% of total exports. The second position in the ranking was held by South Korea ($X), with a 20% share of total exports. It was followed by Japan, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to India totaled +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+18.0% per year) and Japan (+18.0% per year).

Export Prices by Country

The average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2022, picking up by 13% against the previous year. Overall, the export price, however, recorded a pronounced slump. The pace of growth appeared the most rapid in 2021 an increase of 60%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Japan ($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 Singapore (+2.4%), while the prices for the other major destinations experienced a decline.

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

Imports into China

Butanols (excluding butan-1-ol (n-butyl alcohol)) imports into China contracted remarkably to X tons in 2022, waning by -38.4% on 2021 figures. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 109% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports shrank significantly to $X in 2022. In general, imports recorded a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 236%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to China, with a 34% share of total imports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) imports from Malaysia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. Russia (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia stood at +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-9.3% per year) and Russia (-19.4% per year).

In value terms, Malaysia ($X) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to China, comprising 36% of total imports. The second position in the ranking was taken by South Korea ($X), with a 13% share of total imports. It was followed by Indonesia, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-12.0% per year) and Indonesia (-9.5% per year).

Import Prices by Country

The average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2022, reducing by -8% against the previous year. Over the period under review, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of 61% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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