Middle East: Butanol Market 2024

Butanol Market Size in the Middle East

After five years of growth, the Middle Eastern butanol market decreased by X% to $X in 2022. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The level of consumption peaked at $X in 2021, and then contracted in the following year.

Butanol Production in the Middle East

In value terms, butanol production fell to $X in 2022 estimated in export price. Overall, production, however, recorded a tangible expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Butanol Exports

Exports in the Middle East

In 2022, after three years of growth, there was significant decline in shipments abroad of butanol, when their volume decreased by X% to X tons. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, butanol exports reduced remarkably to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped markedly in the following year.

Exports by Country

In 2022, Saudi Arabia (X tons) was the largest exporter of butanol, mixing up X% of total exports. It was distantly followed by the United Arab Emirates (X tons), Oman (X tons) and Turkey (X tons), together creating a X% share of total exports.

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

In value terms, the largest butanol supplying countries in the Middle East were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), with a combined X% share of total exports. These countries were followed by Turkey, which accounted for a further X%.

In terms of the main exporting countries, Turkey, with a CAGR of X%, 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

In 2022, the export price in the Middle East amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Butanol Imports

Imports in the Middle East

In 2022, approx. X tons of butanol were imported in the Middle East; dropping by X% compared with the year before. In general, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, butanol imports shrank to $X in 2022. Overall, imports, however, posted a measured increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons) and Turkey (X tons) prevails in imports structure, together constituting X% of total imports. Iran (X tons) and Lebanon (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Iran ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Iran, with a CAGR of X%, 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 the Middle East amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Iran ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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