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

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

The GCC market for butanols (excluding butan-1-ol (n-butyl alcohol)) declined significantly to $X in 2021, reducing by -28.1% against the previous year. Overall, consumption saw a pronounced reduction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

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

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production dropped significantly to $X in 2021 estimated in export price. Over the period under review, production recorded a mild shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 65% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced rapidly in the following year.

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

Exports in GCC

For the sixth consecutive year, GCC recorded growth in shipments abroad of butanols (excluding butan-1-ol (n-butyl alcohol)), which increased by 4.6% to X tons in 2021. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 102%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports amounted to $X in 2021. In general, exports recorded a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by 86%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Saudi Arabia represented the key exporter of butanols (excluding butan-1-ol (n-butyl alcohol)) in GCC, with the volume of exports resulting at X tons, which was near 60% of total exports in 2021. Oman (X tons) took the second position in the ranking, distantly followed by the United Arab Emirates (X tons). All these countries together took near 40% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Oman (with a CAGR of +49.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest butanols (excluding butan-1-ol (n-butyl alcohol)) supplying countries in GCC were Oman ($X), Saudi Arabia ($X) and the United Arab Emirates ($X).

Oman, with a CAGR of +36.6%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, growing by 1.7% against the previous year. Overall, the export price, however, showed a deep slump. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.2%), while the other leaders experienced a decline in the export price figures.

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

Imports in GCC

In 2021, approx. X tons of butanols (excluding butan-1-ol (n-butyl alcohol)) were imported in GCC; with an increase of 15% on the year before. Over the period under review, imports showed prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 997% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports skyrocketed to $X in 2021. In general, imports recorded a perceptible expansion. The growth pace was the most rapid in 2013 when imports increased by 852% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates dominates imports structure, finishing at X tons, which was near 95% of total imports in 2021. Bahrain (X tons) and Oman (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the butanols (excluding butan-1-ol (n-butyl alcohol)) imports, with a CAGR of +29.7% from 2012 to 2021. At the same time, Oman (+21.4%) and Bahrain (+15.1%) displayed positive paces of growth. While the share of the United Arab Emirates (+74 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported butanols (excluding butan-1-ol (n-butyl alcohol)) in GCC, comprising 95% of total imports. The second position in the ranking was taken by Bahrain ($X), with a 2.9% share of total imports.

In the United Arab Emirates, butanols (excluding butan-1-ol (n-butyl alcohol)) imports expanded at an average annual rate of +25.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bahrain (+8.9% per year) and Oman (+11.5% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, growing by 69% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 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 the United Arab Emirates ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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