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

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

The Iranian market for butanols (excluding butan-1-ol (n-butyl alcohol)) fell slightly to $X in 2022, declining by -3.2% against the previous year. In general, consumption continues to indicate a slight downturn. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 57%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports from Iran

After five years of growth, shipments abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) decreased by -4% to X tons in 2022. In general, exports showed a dramatic descent. The pace of growth appeared the most rapid in 2014 with an increase of 47%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports expanded modestly to $X in 2022. Overall, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 45%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Iran, with a 76% share of total exports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) exports to China exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), eightfold. Pakistan (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-32.7% per year) and Pakistan (-27.1% per year).

In value terms, China ($X) remains the key foreign market for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Iran, comprising 77% of total exports. The second position in the ranking was held by Pakistan ($X), with an 8.2% share of total exports. It was followed by the United Arab Emirates, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to China totaled -17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (-34.8% per year) and the United Arab Emirates (-39.0% per year).

Export Prices by Country

In 2022, the average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, growing by 7.8% against the previous year. Over the period under review, the export price, however, showed a deep downturn. The export price peaked 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 India ($X per ton), while the average price for exports to the United Arab Emirates ($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 India (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Iran

Butanols (excluding butan-1-ol (n-butyl alcohol)) imports into Iran contracted significantly to X tons in 2022, falling by -34.6% compared with 2021 figures. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 438%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports contracted markedly to $X in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 252%. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and South Korea (X tons) were the main suppliers of butanols (excluding butan-1-ol (n-butyl alcohol)) imports to Iran, together accounting for 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +146.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United Arab Emirates ($X) and South Korea ($X) constituted the largest butanols (excluding butan-1-ol (n-butyl alcohol)) suppliers to Iran, with a combined 85% share of total imports.

Among the main suppliers, South Korea, with a CAGR of +118.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2022, with a decrease of -1.8% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 74%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average 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 China ($X per ton), while the price for South Korea ($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 (+8.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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