Overview of the Global Market for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

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

In 2022, the global market for butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 3% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the global market failed to regain momentum.

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

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production reached $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 20% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, global production growth failed to regain momentum.

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

Exports

In 2022, approx. X tons of butanols (excluding butan-1-ol (n-butyl alcohol)) were exported worldwide; reducing by -5.7% against the year before. Overall, exports continue to indicate a mild descent. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports expanded significantly to $X in 2022. Over the period under review, exports saw a mild curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 61% against the previous year. Over the period under review, the global exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) and the United States (X tons) were the largest exporters of butanols (excluding butan-1-ol (n-butyl alcohol)) in 2022, recording approx. 19% and 16% of total exports, respectively. Russia (X tons) held the next position in the ranking, followed by Malaysia (X tons), Germany (X tons), Japan (X tons) and the UK (X tons). All these countries together held approx. 37% share of total exports. South Korea (X tons), France (X tons), Taiwan (Chinese) (X tons), China (X tons), Indonesia (X tons) and Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of +10.9%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest butanols (excluding butan-1-ol (n-butyl alcohol)) supplying countries worldwide were the Netherlands ($X), Malaysia ($X) and Germany ($X), together comprising 41% of global exports. The UK, the United States, Russia, France, Japan, China, Taiwan (Chinese), Indonesia, South Korea and Brazil lagged somewhat behind, together accounting for a further 44%.

In terms of the main exporting countries, China, with a CAGR of +7.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, rising by 13% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 34%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the United States ($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 global leaders experienced more modest paces of growth.

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

Imports

In 2022, the amount of butanols (excluding butan-1-ol (n-butyl alcohol)) imported worldwide shrank to X tons, which is down by -6.2% on the previous year. Over the period under review, imports recorded a slight contraction. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. Over the period under review, global imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports contracted slightly to $X in 2022. Overall, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 73%. Global imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons), China (X tons), South Korea (X tons) and India (X tons) represented the largest importer of butanols (excluding butan-1-ol (n-butyl alcohol)) in the world, creating 68% of total import. The following importers - Belgium (X tons), Italy (X tons), Turkey (X tons), Japan (X tons), Thailand (X tons) and Germany (X tons) - together made up 14% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of +21.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 49% share of global imports. South Korea, Italy, Belgium, Turkey, Germany, Thailand and Japan lagged somewhat behind, together comprising a further 28%.

In terms of the main importing countries, South Korea, with a CAGR of +17.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, rising by 6.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 40%. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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