South-Eastern Asia: Market for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) 2024

Market Size for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in South-Eastern Asia

The Southeast Asian market for butanols (excluding butan-1-ol (n-butyl alcohol)) soared to $X in 2022, picking up by 99% against the previous year. In general, consumption posted prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in South-Eastern Asia

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production contracted modestly to $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 48%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

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

Exports in South-Eastern Asia

Butanols (excluding butan-1-ol (n-butyl alcohol)) exports declined markedly to X tons in 2022, waning by -66.6% compared with the year before. Over the period under review, exports saw a mild contraction. The pace of growth appeared the most rapid in 2013 with an increase of 114%. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell rapidly in the following year.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports contracted rapidly to $X in 2022. In general, exports, however, showed perceptible growth. The most prominent rate of growth was recorded in 2018 with an increase of 88%. The level of export peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Malaysia represented the main exporting country with an export of around X tons, which finished at 64% of total exports. It was distantly followed by Indonesia (X tons) and Thailand (X tons), together making up a 35% share of total exports.

Exports from Malaysia decreased at an average annual rate of -1.4% from 2012 to 2022. At the same time, Thailand (+5.1%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +5.1% from 2012-2022. By contrast, Indonesia (-2.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand increased by +6.4 percentage points.

In value terms, Malaysia ($X) remains the largest butanols (excluding butan-1-ol (n-butyl alcohol)) supplier in South-Eastern Asia, comprising 81% of total exports. The second position in the ranking was taken by Indonesia ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Malaysia stood at +6.2%. In the other countries, the average annual rates were as follows: Indonesia (-4.2% per year) and Thailand (+4.3% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, increasing by 112% against the previous year. In general, the export price showed a temperate expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.7%), while the other leaders experienced a decline in the export price figures.

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

Imports in South-Eastern Asia

In 2022, the amount of butanols (excluding butan-1-ol (n-butyl alcohol)) imported in South-Eastern Asia declined dramatically to X tons, waning by -26.2% on 2021. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 86%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports shrank markedly to $X in 2022. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 110%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Thailand represented the major importing country with an import of about X tons, which amounted to 48% of total imports. Indonesia (X tons) took a 20% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (19%) and Vietnam (12%).

From 2012 to 2022, average annual rates of growth with regard to butanols (excluding butan-1-ol (n-butyl alcohol)) imports into Thailand stood at -9.7%. At the same time, Vietnam (+5.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +5.9% from 2012-2022. By contrast, Singapore (-4.8%) and Indonesia (-6.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, Singapore and Indonesia increased by +8.9, +4.7 and +2.2 percentage points, respectively.

In value terms, Thailand ($X), Singapore ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2022, with a combined 87% share of total imports. These countries were followed by Vietnam, which accounted for a further 10%.

In terms of the main importing countries, Vietnam, with a CAGR of +4.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, increasing by 3% against the previous year. Import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butanols (excluding butan-1-ol (n-butyl alcohol)) import price increased by +113.0% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 36% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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