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

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

The ECOWAS market for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X in 2021, surging by 6.3% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.1% against 2019 indices. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

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

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production expanded rapidly to $X in 2021 estimated in export price. The total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +5.1% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of 81%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

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

Exports in ECOWAS

In 2021, butanols (excluding butan-1-ol (n-butyl alcohol)) exports in ECOWAS reduced markedly to X kg, with a decrease of -98.6% compared with the previous year. Overall, exports continue to indicate a precipitous slump. The growth pace was the most rapid in 2020 when exports increased by 4,705%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports plummeted to $X in 2021. Over the period under review, exports showed a dramatic descent. The pace of growth appeared the most rapid in 2015 when exports increased by 4,942% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire was the major exporting country with an export of around X kg, which reached 78% of total exports. It was distantly followed by Niger (X kg), creating a 22% share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the butanols (excluding butan-1-ol (n-butyl alcohol)) exports, with a CAGR of +11.4% from 2012 to 2021. Niger experienced a relatively flat trend pattern. While the share of Cote d'Ivoire (+78 p.p.) and Niger (+22 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest butanols (excluding butan-1-ol (n-butyl alcohol)) supplier in ECOWAS, comprising 85% of total exports. The second position in the ranking was taken by Niger ($X), with a 15% share of total exports.

In Cote d'Ivoire, butanols (excluding butan-1-ol (n-butyl alcohol)) exports increased at an average annual rate of +13.9% over the period from 2012-2021.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2021, increasing by 441% against the previous year. Over the period under review, the export price, however, showed a mild shrinkage. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Cote d'Ivoire ($X per ton), while Niger stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Niger (+26.6%).

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

Imports in ECOWAS

In 2021, supplies from abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) decreased by -23.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 128%. The volume of import peaked at X tons in 2020, and then declined rapidly in the following year.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports shrank modestly to $X in 2021. In general, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 133%. Over the period under review, imports hit record highs at $X in 2020, and then contracted slightly in the following year.

Imports by Country

Nigeria dominates imports structure, accounting for X tons, which was near 93% of total imports in 2021. Cote d'Ivoire (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the butanols (excluding butan-1-ol (n-butyl alcohol)) imports, with a CAGR of +17.3% from 2012 to 2021. Cote d'Ivoire (-9.6%) illustrated a downward trend over the same period. Nigeria (+31 p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire saw its share reduced by -24.5% from 2012 to 2021, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported butanols (excluding butan-1-ol (n-butyl alcohol)) in ECOWAS, comprising 93% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 4% share of total imports.

In Nigeria, butanols (excluding butan-1-ol (n-butyl alcohol)) imports expanded at an average annual rate of +16.6% over the period from 2012-2021.

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2021, surging by 28% against the previous year. In general, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Nigeria ($X per ton), while Cote d'Ivoire stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+1.9%).

Source: IndexBox Platform

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