Eastern Asia: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in Eastern Asia

The East Asian butene and isomers thereof market reached $X in 2022, picking up by X% against the previous year. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Butene (Butylene) And Isomers Thereof in Eastern Asia

In value terms, butene and isomers thereof production stood at $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Exports of Butene (Butylene) And Isomers Thereof

Exports in Eastern Asia

After two years of growth, overseas shipments of butene (butylene) and isomers thereof decreased by X% to X tons in 2022. Over the period under review, exports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2017 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, butene and isomers thereof exports shrank to $X in 2022. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea was the main exporter of butene (butylene) and isomers thereof in Eastern Asia, with the volume of exports recording X tons, which was near X% of total exports in 2022. Taiwan (Chinese) (X tons) ranks second in terms of the total exports with a X% share, followed by Japan (X%).

From 2012 to 2022, average annual rates of growth with regard to butene and isomers thereof exports from South Korea stood at X%. Japan (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest butene and isomers thereof supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Korea amounted to X%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced a decline in the export price figures.

Imports of Butene (Butylene) And Isomers Thereof

Imports in Eastern Asia

In 2022, supplies from abroad of butene (butylene) and isomers thereof increased by X% to X tons, rising for the fourth consecutive year after three years of decline. Overall, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, butene and isomers thereof imports surged to $X in 2022. Over the period under review, imports continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X tons) represented the largest importer of butene (butylene) and isomers thereof, creating X% of total imports. It was distantly followed by Japan (X tons), comprising a X% share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Japan increased by X percentage points.

In value terms, China ($X) constitutes the largest market for imported butene (butylene) and isomers thereof in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price saw a perceptible contraction. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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