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

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

The Malaysian butan-1-ol (n-butyl alcohol) market skyrocketed to $X in 2022, picking up by 59% against the previous year. Overall, consumption continues to indicate a strong increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

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

In value terms, butan-1-ol (n-butyl alcohol) production rose slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 22% against the previous year. Butan-1-ol (n-butyl alcohol) 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 from Malaysia

Butan-1-ol (n-butyl alcohol) exports from Malaysia contracted to X tons in 2022, reducing by -5% on 2021 figures. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 46%. 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 contracted rapidly to $X in 2022. Overall, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 108% against the previous year. 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

Indonesia (X tons), China (X tons) and Thailand (X tons) were the main destinations of butan-1-ol (n-butyl alcohol) exports from Malaysia, together comprising 67% of total exports. Singapore, India, South Korea and Vietnam lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +10.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for butan-1-ol (n-butyl alcohol) exported from Malaysia were Indonesia ($X), Singapore ($X) and Thailand ($X), with a combined 71% share of total exports. India, China, Vietnam and South Korea lagged somewhat behind, together accounting for a further 26%.

In terms of the main countries of destination, Vietnam, with a CAGR of +9.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average butan-1-ol (n-butyl alcohol) export price stood at $X per ton in 2022, declining by -22.1% against the previous year. Overall, the export price saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 65%. As a result, the export price attained the peak level of $X per ton, and then declined rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($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 Singapore (+0.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Malaysia

In 2022, supplies from abroad of butan-1-ol (n-butyl alcohol) decreased by -14.8% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 661% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, butan-1-ol (n-butyl alcohol) imports dropped to $X in 2022. Over the period under review, imports recorded a sharp reduction. The pace of growth appeared the most rapid in 2015 with an increase of 536% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to Malaysia, with a 80% share of total imports. Moreover, butan-1-ol (n-butyl alcohol) imports from South Africa exceeded the figures recorded by the second-largest supplier, Singapore (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa stood at -16.5%.

In value terms, South Africa ($X) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to Malaysia, comprising 76% of total imports. The second position in the ranking was held by Singapore ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual growth rate of value from South Africa amounted to -16.0%.

Import Prices by Country

In 2022, the average butan-1-ol (n-butyl alcohol) import price amounted to $X per ton, with an increase of 10% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 40% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for South Africa totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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