Report Update Apr 1, 2024

Nigeria - Butan-1-Ol (N-Butyl Alcohol) - Market Analysis, Forecast, Size, Trends and Insights

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

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

The Nigerien butan-1-ol (n-butyl alcohol) market rose modestly to $X in 2022, with an increase of 3.7% against the previous year. Over the period under review, consumption, however, recorded a slight contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, butan-1-ol (n-butyl alcohol) production rose to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep slump. The growth pace was the most rapid in 2016 when the production volume increased by 34%. Butan-1-ol (n-butyl alcohol) production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports from Nigeria

In 2022, approx. X tons of butan-1-ol (n-butyl alcohol) were exported from Nigeria; rising by 132% on 2021 figures. Overall, exports, however, showed a abrupt shrinkage. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a deep reduction. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Benin (X tons) was the main destination for butan-1-ol (n-butyl alcohol) exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2019 to 2022, the average annual growth rate of volume to Benin totaled -7.2%.

In value terms, Benin ($X) also remains the key foreign market for butan-1-ol (n-butyl alcohol) exports from Nigeria.

From 2019 to 2022, the average annual growth rate of value to Benin amounted to -15.1%.

Export Prices by Country

In 2022, the average butan-1-ol (n-butyl alcohol) export price amounted to $X per ton, jumping by 20% against the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

From 2019 to 2022, the rate of growth in terms of prices for Benin amounted to -8.8% per year.

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

Imports into Nigeria

Butan-1-ol (n-butyl alcohol) imports into Nigeria soared to X tons in 2022, with an increase of 175% against 2021. Overall, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, butan-1-ol (n-butyl alcohol) imports surged to $X in 2022. In general, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, South Africa (X tons) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to Nigeria, with a 49% 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), twofold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from South Africa stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+18.9% per year) and the United Arab Emirates (+17.6% per year).

In value terms, South Africa ($X) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to Nigeria, comprising 54% of total imports. The second position in the ranking was taken by Singapore ($X), with a 20% share of total imports. It was followed by the United Arab Emirates, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from South Africa totaled +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+20.4% per year) and the United Arab Emirates (+19.1% per year).

Import Prices by Country

The average butan-1-ol (n-butyl alcohol) import price stood at $X per ton in 2022, increasing by 55% against the previous year. Overall, the import price saw noticeable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for butan-1-ol (n-butyl alcohol) in the world?

The countries with the highest volumes of consumption in 2022 were China, the United States and India, with a combined 41% share of global consumption. Germany, Japan, Nigeria, Russia, Indonesia, the UK, Turkey, Taiwan Chinese), South Korea and South Africa lagged somewhat behind, together accounting for a further 33%.

What are the largest producers of butan-1-ol (n-butyl alcohol) in the world?

The countries with the highest volumes of production in 2022 were the United States, China and India, with a combined 39% share of global production.

What are the leading suppliers of butan-1-ol (n-butyl alcohol) to Nigeria?

In value terms, South Africa constituted the largest supplier of butan-1-ol n-butyl alcohol) to Nigeria, comprising 54% of total imports. The second position in the ranking was taken by Singapore, with a 20% share of total imports. It was followed by the United Arab Emirates, with an 8.9% share.

What are the leading importers of butan-1-ol (n-butyl alcohol) from Nigeria?

In value terms, Benin remains the key foreign market for butan-1-ol n-butyl alcohol) exports from Nigeria.

What is the average export price for butan-1-ol (n-butyl alcohol) in Nigeria?

In 2022, the average butan-1-ol n-butyl alcohol) export price amounted to $60 per ton, surging by 20% against the previous year.

What is the average import price for butan-1-ol (n-butyl alcohol) in Nigeria?

In 2022, the average butan-1-ol n-butyl alcohol) import price amounted to $2,167 per ton, increasing by 55% against the previous year.

This report provides an in-depth analysis of the butan-1-ol (n-butyl alcohol) market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20142230 - Butan-1-ol (n-butyl alcohol)

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023