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

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

In 2022, the Argentinian market for butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 9% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a slight reduction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

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

Exports from Argentina

For the fourth year in a row, Argentina recorded decline in overseas shipments of butanols (excluding butan-1-ol (n-butyl alcohol)), which decreased by -14.5% to X tons in 2022. In general, exports showed a significant decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 113%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports declined modestly to $X in 2022. Over the period under review, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2014 with an increase of 77% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Argentina, accounting for a 91% share of total exports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) exports to the United States exceeded the volume sent to the second major destination, Paraguay (X tons), more than tenfold. The third position in this ranking was taken by Mexico (X kg), with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-28.6% per year) and Mexico (-20.9% per year).

In value terms, the United States ($X) remains the key foreign market for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Argentina, comprising 71% of total exports. The second position in the ranking was held by Paraguay ($X), with a 21% share of total exports. It was followed by Mexico, with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-13.6% per year) and Mexico (-27.1% per year).

Export Prices by Country

In 2022, the average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, picking up by 12% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butanols (excluding butan-1-ol (n-butyl alcohol)) export price increased by +104.2% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 20%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Argentina

In 2022, purchases abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 2.6% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of 166% against the previous year. Imports peaked 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 rose notably to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 79% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X tons), the United States (X tons) and Russia (X tons) were the main suppliers of butanols (excluding butan-1-ol (n-butyl alcohol)) imports to Argentina, with a combined 100% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +8.3%), while purchases for the other leaders experienced a decline.

In value terms, Brazil ($X), the United States ($X) and Russia ($X) constituted the largest butanols (excluding butan-1-ol (n-butyl alcohol)) suppliers to Argentina, together accounting for 98% of total imports.

In terms of the main suppliers, Russia, with a CAGR of +14.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2022, increasing by 10% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 44% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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