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

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

The EU butan-1-ol (n-butyl alcohol) market contracted to $X in 2022, waning by -9.2% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped in the following year.

Butan-1-Ol (N-Butyl Alcohol) Production in the EU

In value terms, butan-1-ol (n-butyl alcohol) production rose modestly to $X in 2022 estimated in export price. In general, production saw a noticeable setback. The pace of growth appeared the most rapid in 2018 with an increase of 12% 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.

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

Exports in the EU

In 2022, after two years of growth, there was significant decline in overseas shipments of butan-1-ol (n-butyl alcohol), when their volume decreased by -69.5% to X tons. Overall, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 90%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports declined dramatically to $X in 2022. Over the period under review, exports recorded a deep downturn. The pace of growth was the most pronounced in 2020 when exports increased by 120%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany represented the major exporting country with an export of about X tons, which reached 80% of total exports. It was distantly followed by Belgium (X tons), committing an 11% share of total exports. The Netherlands (X tons) and Poland (X tons) followed a long way behind the leaders.

Exports from Germany decreased at an average annual rate of -12.4% from 2012 to 2022. The Netherlands (-9.2%), Poland (-28.9%) and Belgium (-29.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany and the Netherlands increased by +39 and +2.2 percentage points, respectively.

In value terms, Germany ($X) emerged as the largest butan-1-ol (n-butyl alcohol) supplier in the European Union, comprising 79% of total exports. The second position in the ranking was taken by Belgium ($X), with a 9.8% share of total exports. It was followed by the Netherlands, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value in Germany totaled -10.6%. In the other countries, the average annual rates were as follows: Belgium (-27.9% per year) and the Netherlands (-6.2% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, with an increase of 14% against the previous year. Export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butan-1-ol (n-butyl alcohol) export price increased by +74.0% against 2019 indices. The pace of growth was the most pronounced in 2017 when the export price increased by 41% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Poland ($X per ton) and the Netherlands ($X per ton), while Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.8%), while the other leaders experienced more modest paces of growth.

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

Imports in the EU

In 2022, purchases abroad of butan-1-ol (n-butyl alcohol) decreased by -47.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 33%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, butan-1-ol (n-butyl alcohol) imports fell rapidly to $X in 2022. In general, imports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2021 when imports increased by 68% against the previous year. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

Germany was the major importer of butan-1-ol (n-butyl alcohol) in the European Union, with the volume of imports accounting for X tons, which was near 54% of total imports in 2022. Belgium (X tons) ranks second in terms of the total imports with a 21% share, followed by the Czech Republic (5.3%). The Netherlands (X tons), Poland (X tons), Italy (X tons) and Spain (X tons) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of imports of butan-1-ol (n-butyl alcohol). At the same time, Poland (+1.3%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the European Union, with a CAGR of +1.3% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, the Czech Republic (-1.1%), Spain (-2.8%), the Netherlands (-12.1%) and Belgium (-14.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, the Czech Republic, Poland and Italy increased by +25, +2.2, +2.2 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported butan-1-ol (n-butyl alcohol) in the European Union, comprising 52% of total imports. The second position in the ranking was held by Belgium ($X), with a 21% share of total imports. It was followed by the Czech Republic, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at +2.3%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-11.2% per year) and the Czech Republic (+0.7% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, growing by 27% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butan-1-ol (n-butyl alcohol) import price increased by +102.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by 59% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Spain ($X per ton) and Italy ($X per ton), while the Netherlands ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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