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

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

The Iranian butan-1-ol (n-butyl alcohol) market fell slightly to $X in 2022, leveling off at the previous year. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +1.4% against 2020 indices. Butan-1-ol (n-butyl alcohol) consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Butan-1-Ol (N-Butyl Alcohol) Production in Iran

In value terms, butan-1-ol (n-butyl alcohol) production reduced slightly to $X in 2022 estimated in export price. In general, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 +1.6% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 33% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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

Exports from Iran

In 2022, overseas shipments of butan-1-ol (n-butyl alcohol) were finally on the rise to reach X tons for the first time since 2012, thus ending a nine-year declining trend. Over the period under review, exports, however, faced a precipitous decrease. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, butan-1-ol (n-butyl alcohol) exports surged to $X in 2022. In general, exports, however, showed a precipitous setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Pakistan (X tons) and Egypt (X kg) were the main destinations of butan-1-ol (n-butyl alcohol) exports from Iran.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of -32.1%), while shipments for the other leaders experienced a decline.

In value terms, Egypt ($X), Pakistan ($X) and the United Arab Emirates ($X) constituted the largest markets for butan-1-ol (n-butyl alcohol) exported from Iran worldwide, together accounting for 99.9% of total exports.

Egypt, with a CAGR of -31.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average butan-1-ol (n-butyl alcohol) export price stood at $X per ton in 2022, with an increase of 26% against the previous year. In general, the export price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2015 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to the United Arab Emirates ($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 Egypt (+2.0%), while the prices for the other major destinations experienced a decline.

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

Imports into Iran

After two years of growth, overseas purchases of butan-1-ol (n-butyl alcohol) decreased by -8.9% to X tons in 2022. In general, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 8,361%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, butan-1-ol (n-butyl alcohol) imports declined significantly to $X in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth was the most pronounced in 2016 when imports increased by 6,139% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest butan-1-ol (n-butyl alcohol) supplier to Iran, with a 84% share of total imports. Moreover, butan-1-ol (n-butyl alcohol) imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Singapore (X tons), more than tenfold. The third position in this ranking was held by Turkey (X tons), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +66.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+42.1% per year) and Turkey (+136.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to Iran, comprising 85% of total imports. The second position in the ranking was taken by Turkey ($X), with a 3.4% share of total imports. It was followed by Malaysia, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +63.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+117.8% per year) and Malaysia (+34.3% per year).

Import Prices by Country

In 2022, the average butan-1-ol (n-butyl alcohol) import price amounted to $X per ton, waning by -18.9% against the previous year. Over the period under review, the import price recorded a noticeable descent. The growth pace was the most rapid in 2021 an increase of 72% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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