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

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

The South Asian market for butanols (excluding butan-1-ol (n-butyl alcohol)) contracted to $X in 2022, with a decrease of -9.1% against the previous year. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +37.3% against 2020 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

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

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production expanded markedly to $X in 2022 estimated in export price. In general, production saw a slight setback. The growth pace was the most rapid in 2015 with an increase of 73%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

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

Exports in Southern Asia

In 2022, approx. X tons of butanols (excluding butan-1-ol (n-butyl alcohol)) were exported in Southern Asia; dropping by -17.2% against the year before. In general, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2013 when exports increased by 82%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports reduced to $X in 2022. Over the period under review, exports showed a slight shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 39%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of butanols (excluding butan-1-ol (n-butyl alcohol)), namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the butanols (excluding butan-1-ol (n-butyl alcohol)) exports, with a CAGR of +7.6% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest butanols (excluding butan-1-ol (n-butyl alcohol)) supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India amounted to -1.1%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, picking up by 2.9% against the previous year. Over the period under review, the export price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 31% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -8.0% per year.

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

Imports in Southern Asia

In 2022, imports of butanols (excluding butan-1-ol (n-butyl alcohol)) in Southern Asia reduced markedly to X tons, falling by -15.2% on 2021 figures. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. As a result, imports reached the peak of X tons, and then dropped rapidly in the following year.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports declined to $X in 2022. Over the period under review, imports, however, saw measured growth. The pace of growth was the most pronounced in 2021 when imports increased by 88%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

India dominates imports structure, accounting for X tons, which was near 94% of total imports in 2022. It was distantly followed by Pakistan (X tons), constituting a 5.5% share of total imports.

Imports into India increased at an average annual rate of +4.6% from 2012 to 2022. At the same time, Pakistan (+8.5%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +8.5% from 2012-2022. From 2012 to 2022, the share of Pakistan increased by +1.6 percentage points.

In value terms, India ($X) constitutes the largest market for imported butanols (excluding butan-1-ol (n-butyl alcohol)) in Southern Asia, comprising 95% of total imports. The second position in the ranking was held by Pakistan ($X), with a 4.5% share of total imports.

In India, butanols (excluding butan-1-ol (n-butyl alcohol)) imports increased at an average annual rate of +3.7% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, picking up by 3.8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 34%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-0.8%).

Source: IndexBox Platform

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