Latin America and the Caribbean: Market for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) 2024

Market Size for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Latin America and the Caribbean

In 2022, the Latin American market for butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 0.6% to $X, rising for the second consecutive year after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked 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 Latin America and the Caribbean

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 70%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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

Exports in Latin America and the Caribbean

In 2022, the amount of butanols (excluding butan-1-ol (n-butyl alcohol)) exported in Latin America and the Caribbean contracted markedly to X tons, waning by -31.6% on the previous year. Over the period under review, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 127%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports declined rapidly to $X in 2022. Overall, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 209% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Brazil (X tons) was the main exporter of butanols (excluding butan-1-ol (n-butyl alcohol)) in Latin America and the Caribbean, comprising 98% of total export.

Brazil was also the fastest-growing in terms of the butanols (excluding butan-1-ol (n-butyl alcohol)) exports, with a CAGR of -5.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest butanols (excluding butan-1-ol (n-butyl alcohol)) supplier in Latin America and the Caribbean.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to -5.6%.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, declining by -6.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 36%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then dropped in the following year.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -0.2% per year.

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

Imports in Latin America and the Caribbean

In 2022, the amount of butanols (excluding butan-1-ol (n-butyl alcohol)) imported in Latin America and the Caribbean dropped to X tons, waning by -7.8% against the previous year. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 67% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports fell modestly to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 104%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Colombia (X tons) and Chile (X tons) represented roughly 62% of total imports in 2022. Mexico (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (12%) and British Virgin Islands (5.2%). The following importers - Brazil (X tons) and Peru (X tons) - together made up 6.9% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by British Virgin Islands (with a CAGR of +40.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Colombia ($X) and Argentina ($X) were the countries with the highest levels of imports in 2022, together comprising 70% of total imports. Mexico, Brazil, Peru and British Virgin Islands lagged somewhat behind, together accounting for a further 27%.

British Virgin Islands, with a CAGR of +28.8%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, growing by 4.1% against the previous year. Overall, the import price, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2021 when the import price increased by 22%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while British Virgin Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+0.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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