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

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

The North American market for butanols (excluding butan-1-ol (n-butyl alcohol)) was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

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

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 19%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 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 Northern America

In 2022, shipments abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 32% to X tons, rising for the third consecutive year after two years of decline. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports contracted slightly to $X in 2022. Over the period under review, exports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 43% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from the United States (X tons), together finishing at 99.9% of total export.

The United States experienced a relatively flat trend pattern with regard to volume of exports of butanols (excluding butan-1-ol (n-butyl alcohol)). The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest butanols (excluding butan-1-ol (n-butyl alcohol)) supplier in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to -2.3%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, which is down by -25.1% against the previous year. In general, the export price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2017 an increase of 33% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 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 the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -3.2% per year.

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

Imports in Northern America

In 2022, purchases abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 494% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports surged to $X in 2022. Overall, imports continue to indicate a tangible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of butanols (excluding butan-1-ol (n-butyl alcohol)) imports in 2022 were the United States (X tons), together amounting to 99% of total import.

The United States was also the fastest-growing in terms of the butanols (excluding butan-1-ol (n-butyl alcohol)) imports, with a CAGR of +6.2% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported butanols (excluding butan-1-ol (n-butyl alcohol)) in Northern America.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +3.5%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, waning by -27% against the previous year. In general, the import price recorded a noticeable setback. The pace of growth was the most pronounced in 2018 when the import price increased by 29%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -2.5% per year.

Source: IndexBox Platform

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