U.S.: Butan-1-Ol (N-Butyl Alcohol) Market 2024

Butan-1-Ol (N-Butyl Alcohol) Market Size in the U.S.

The U.S. butan-1-ol (n-butyl alcohol) market declined to $X in 2022, which is down by -2.7% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Butan-1-ol (n-butyl alcohol) consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Butan-1-Ol (N-Butyl Alcohol) Production in the U.S.

In value terms, butan-1-ol (n-butyl alcohol) production contracted to $X in 2022. Overall, production continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2018 when the production volume increased by 15%. Butan-1-ol (n-butyl alcohol) production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports from the U.S.

In 2022, overseas shipments of butan-1-ol (n-butyl alcohol) were finally on the rise to reach X tons after three years of decline. Overall, exports, however, saw a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by 13% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports soared to $X in 2022. Over the period under review, exports, however, saw a abrupt shrinkage. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Belgium (X tons) and Mexico (X tons) were the main destinations of butan-1-ol (n-butyl alcohol) exports from the United States, together comprising 60% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +74.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for butan-1-ol (n-butyl alcohol) exported from the United States were Germany ($X), Belgium ($X) and Mexico ($X), together comprising 63% of total exports.

Germany, with a CAGR of +86.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average butan-1-ol (n-butyl alcohol) export price stood at $X per ton in 2022, rising by 26% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butan-1-ol (n-butyl alcohol) export price increased by +108.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 66%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the U.S.

Butan-1-ol (n-butyl alcohol) imports into the United States totaled X tons in 2022, picking up by 13% compared with 2021 figures. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 379% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, butan-1-ol (n-butyl alcohol) imports surged to $X in 2022. Overall, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 313% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

South Africa (X tons), Saudi Arabia (X tons) and Germany (X tons) were the main suppliers of butan-1-ol (n-butyl alcohol) imports to the United States, together accounting for 98% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +57.6%), 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 the United States were Saudi Arabia ($X), South Africa ($X) and Germany ($X), together comprising 96% of total imports.

Among the main suppliers, Saudi Arabia, with a CAGR of +54.5%, 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 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, increasing by 23% against the previous year. Overall, the import price recorded a modest increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 120%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+31.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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