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

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

The Romanian butan-1-ol (n-butyl alcohol) market soared to $X in 2022, increasing by 15% against the previous year. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.6% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, butan-1-ol (n-butyl alcohol) production stood at $X in 2022 estimated in export price. Over the period under review, production enjoyed a pronounced expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 58%. Butan-1-ol (n-butyl alcohol) production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports from Romania

In 2022, the amount of butan-1-ol (n-butyl alcohol) exported from Romania reduced notably to X tons, shrinking by -90.4% compared with 2021. Overall, exports, however, posted a notable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 2,214%. As a result, the exports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, butan-1-ol (n-butyl alcohol) exports shrank rapidly to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 3,665% against the previous year. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and Poland (X tons) were the main destinations of butan-1-ol (n-butyl alcohol) exports from Romania, with a combined 57% share of total exports. Slovenia, Serbia, Hungary, Switzerland, Bulgaria, Greece, Belgium, Slovakia and Italy lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +25.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for butan-1-ol (n-butyl alcohol) exported from Romania were Germany ($X), the Czech Republic ($X) and Poland ($X), together comprising 57% of total exports. Hungary, Slovenia, Bulgaria, Serbia, Switzerland, Greece, Belgium, Slovakia and Italy lagged somewhat behind, together accounting for a further 43%.

Bulgaria, with a CAGR of +30.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average butan-1-ol (n-butyl alcohol) export price stood at $X per ton in 2022, rising by 27% against the previous year. Over the period under review, the export price saw noticeable growth. The growth pace was the most rapid in 2021 an increase of 63%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Bulgaria ($X per ton) and Hungary ($X per ton), while the average price for exports to Belgium ($X per ton) and Switzerland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Romania

In 2022, the amount of butan-1-ol (n-butyl alcohol) imported into Romania expanded to X tons, picking up by 3.9% compared with the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 95% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, butan-1-ol (n-butyl alcohol) imports reduced dramatically to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 78% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X tons), Turkey (X tons) and Russia (X tons) were the main suppliers of butan-1-ol (n-butyl alcohol) imports to Romania, with a combined 85% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +0.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest butan-1-ol (n-butyl alcohol) suppliers to Romania were Turkey ($X), Russia ($X) and Poland ($X), with a combined 80% share of total imports.

Russia, with a CAGR of +4.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average butan-1-ol (n-butyl alcohol) import price amounted to $X per ton, falling by -31.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 128%. As a result, import price reached the peak level of $X per ton, and then shrank notably in the following year.

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 Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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