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

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

The MENA's market for butanols (excluding butan-1-ol (n-butyl alcohol)) reached $X in 2021, picking up by 2.3% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

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

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production reduced to $X in 2021 estimated in export price. In general, production recorded a mild decline. The most prominent rate of growth was recorded in 2014 with an increase of 69%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

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

Exports in MENA

For the sixth consecutive year, MENA recorded growth in overseas shipments of butanols (excluding butan-1-ol (n-butyl alcohol)), which increased by 56% to X tons in 2021. In general, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 87%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports soared to $X in 2021. Over the period under review, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 79%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) and Turkey (X tons) represented roughly 73% of total exports in 2021. Oman (X tons) ranks next in terms of the total exports with a 21% share, followed by the United Arab Emirates (5.1%).

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +72.5%), while shipments for 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 MENA were Turkey ($X), Oman ($X) and Saudi Arabia ($X), with a combined 91% share of total exports.

Turkey, with a CAGR of +59.2%, saw the highest growth rate of 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 MENA stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2013 an increase of 1.6% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

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 MENA

In 2021, approx. X tons of butanols (excluding butan-1-ol (n-butyl alcohol)) were imported in MENA; rising by 48% on the previous year. In general, imports showed a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 283%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports surged to $X in 2021. Over the period under review, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 254% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Turkey was the key importer of butanols (excluding butan-1-ol (n-butyl alcohol)) in MENA, with the volume of imports amounting to X tons, which was approx. 62% of total imports in 2021. The United Arab Emirates (X tons) held a 21% share (based on physical terms) of total imports, which put it in second place, followed by Egypt (7.9%) and Morocco (5.3%).

Imports into Turkey increased at an average annual rate of +14.5% from 2012 to 2021. At the same time, the United Arab Emirates (+29.7%), Morocco (+11.3%) and Egypt (+5.6%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +29.7% from 2012-2021. The United Arab Emirates (+15 p.p.) and Turkey (+13 p.p.) significantly strengthened its position in terms of the total imports, while Egypt saw its share reduced by -5.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported butanols (excluding butan-1-ol (n-butyl alcohol)) in MENA, comprising 58% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 19% share of total imports. It was followed by Egypt, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey totaled +10.7%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+25.9% per year) and Egypt (+3.3% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, growing by 50% against the previous year. In general, the import price, however, showed a pronounced reduction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Morocco ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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