South Africa - Butanol - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSouth Africa Sees Significant Decrease in Butanol Exports, Falling to $98M in 2023
South Africa Butanol Exports
In 2023, the amount of butanol exported from South Africa fell to 114K tons, reducing by -8.7% compared with 2022. Overall, exports showed a slight contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 23%. The exports peaked at 173K tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.
In value terms, butanol exports dropped rapidly to $98M (IndexBox estimates) in 2023. Over the period under review, exports continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 83% against the previous year. As a result, the exports attained the peak of $170M. From 2022 to 2023, the growth of the exports failed to regain momentum.
| COUNTRY | Export Value of Butanol in South Africa (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Belgium | 53.1 | 52.9 | 28.7 | 30.0 | 56.9 | 50.4 | 42.5 | 40.1 | 97.4 | 80.8 | 50.5 |
| China | 27.6 | 14.9 | 11.6 | 14.0 | 14.0 | 14.5 | 22.6 | 17.1 | 10.7 | 12.8 | 13.8 |
| India | 10.8 | 12.8 | 8.8 | 5.9 | 8.4 | 9.2 | 10.6 | 12.1 | 14.1 | 13.0 | 9.3 |
| Singapore | 8.4 | 3.8 | 4.8 | 7.4 | 8.9 | 8.9 | 8.5 | 4.7 | 14.7 | 10.6 | 7.6 |
| Taiwan (Chinese) | 10.3 | 15.6 | 7.4 | 7.3 | 11.0 | 7.1 | 6.3 | 5.9 | 10.2 | 6.5 | 5.1 |
| United States | 5.4 | 8.2 | 2.9 | 1.5 | 2.7 | 1.9 | 3.6 | 5.0 | 6.1 | 9.5 | 4.7 |
| United Arab Emirates | 3.2 | 4.7 | 3.7 | 1.2 | 3.5 | 2.5 | 2.1 | 1.2 | 3.6 | 2.6 | 2.3 |
| South Korea | 5.7 | 9.0 | 4.4 | 2.7 | 7.1 | 4.1 | 3.4 | 2.8 | 5.0 | 3.3 | 1.5 |
| Others | 13.7 | 17.9 | 13.2 | 7.4 | 5.5 | 5.6 | 3.5 | 4.3 | 8.7 | 5.9 | 3.4 |
| Total | 138 | 140 | 85.5 | 77.5 | 118 | 104 | 103 | 93.0 | 170 | 145 | 98.2 |
Exports by Country
Belgium (48K tons) was the main destination for butanol exports from South Africa, accounting for a 42% share of total exports. Moreover, butanol exports to Belgium exceeded the volume sent to the second major destination, China (21K tons), twofold. The third position in this ranking was taken by India (13K tons), with an 11% share.
From 2013 to 2023, the average annual growth rate of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-2.9% per year) and India (+2.3% per year).
In value terms, Belgium ($51M) remains the key foreign market for butanol exports from South Africa, comprising 51% of total exports. The second position in the ranking was held by China ($14M), with a 14% share of total exports. It was followed by India, with a 9.5% share.
From 2013 to 2023, the average annual rate of growth in terms of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-6.7% per year) and India (-1.5% per year).
Exports by Type
Butan-1-ol (n-butyl alcohol) (111K tons) was the largest type of butanol exported from South Africa, with a 97% share of total exports. It was followed by butanols (excluding butan-1-ol (n-butyl alcohol)) (3.3K tons), with a 2.9% share of total exports.
From 2013 to 2023, the average annual rate of growth in terms of the volume of butan-1-ol (n-butyl alcohol) exports was relatively modest.
In value terms, butan-1-ol (n-butyl alcohol) ($95M) remains the largest type of butanol exported from South Africa, comprising 97% of total exports. The second position in the ranking was held by butanols (excluding butan-1-ol (n-butyl alcohol)) ($3.3M), with a 3.4% share of total exports.
From 2013 to 2023, the average annual growth rate of the value of butan-1-ol (n-butyl alcohol) exports totaled -3.3%.
Export Prices by Country
In 2023, the butanol price amounted to $862 per ton (FOB, South Africa), reducing by -25.8% against the previous year. Overall, the export price recorded a noticeable decrease. The pace of growth was the most pronounced in 2021 when the average export price increased by 174% against the previous year. As a result, the export price attained the peak level of $1,505 per ton. From 2022 to 2023, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Belgium ($1,050 per ton), while the average price for exports to Taiwan (Chinese) ($657 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-0.8%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the butanol market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20142230 - Butan-1-ol (n-butyl alcohol)
- Prodcom 20142240 - Butanols (excluding butan-1-ol (n-butyl alcohol))
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
