Venezuela: Butan-1-Ol (N-Butyl Alcohol) Market 2022

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

The Venezuelan butan-X (n-butyl alcohol) market was finally on the rise to reach $X in 2021, after eight years of decline. Over the period under review, consumption, however, saw a abrupt descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

Imports into Venezuela

After eight years of decline, overseas purchases of butan-X (n-butyl alcohol) increased by X% to X tons in 2021. Over the period under review, imports, however, showed a abrupt slump. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, butan-X (n-butyl alcohol) imports amounted to $X in 2021. In general, imports, however, recorded a abrupt curtailment. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest butan-X (n-butyl alcohol) supplier to Venezuela, accounting for a X% share of total imports. Moreover, butan-X (n-butyl alcohol) imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Germany (+X% per year).

In value terms, the United States ($X) constituted the largest supplier of butan-X (n-butyl alcohol) to Venezuela, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with an X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and the UK (+X% per year).

Import Prices by Country

In 2021, the average butan-X (n-butyl alcohol) import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, butan-X (n-butyl alcohol) import price decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform