Northern America: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in Northern America

In 2022, the North American butene and isomers thereof market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; afterwards, it flattened through to 2022.

Production of Butene (Butylene) And Isomers Thereof in Northern America

In value terms, butene and isomers thereof production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Butene (Butylene) And Isomers Thereof

Exports in Northern America

In 2022, exports of butene (butylene) and isomers thereof in Northern America dropped significantly to X tons, shrinking by X% on the previous year. Over the period under review, exports continue to indicate a abrupt setback. 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 attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, butene and isomers thereof exports stood at $X in 2022. Overall, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

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

The United States was also the fastest-growing in terms of the butene (butylene) and isomers thereof exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest butene and isomers thereof supplier in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled X%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price 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, butene and isomers thereof export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

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 X% per year.

Imports of Butene (Butylene) And Isomers Thereof

Imports in Northern America

For the fourth year in a row, Northern America recorded decline in overseas purchases of butene (butylene) and isomers thereof, which decreased by X% to X tons in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, butene and isomers thereof imports surged to $X in 2022. Overall, imports continue to indicate a slight slump. The growth pace was the most rapid in 2021 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

In 2022, Canada (X tons) was the largest importer of butene (butylene) and isomers thereof in Northern America, making up X% of total import.

Canada was also the fastest-growing in terms of the butene (butylene) and isomers thereof imports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Canada increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) constitutes the largest market for imported butene (butylene) and isomers thereof in Northern America.

In Canada, butene and isomers thereof imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, recorded a slight reduction. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to X% per year.

Source: IndexBox Platform

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