Asia: Butan-1-Ol (N-Butyl Alcohol) Market 2024

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

In 2022, after six years of growth, there was significant decline in the Asian butan-1-ol (n-butyl alcohol) market, when its value decreased by -10.2% to $X. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +55.0% against 2015 indices. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Butan-1-Ol (N-Butyl Alcohol) Production in Asia

In value terms, butan-1-ol (n-butyl alcohol) production amounted to $X in 2022 estimated in export price. The total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.9% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 29%. Over the period under review, production attained the peak level at $X in 2019; afterwards, it flattened through to 2022.

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

Exports in Asia

In 2022, after two years of decline, there was growth in overseas shipments of butan-1-ol (n-butyl alcohol), when their volume increased by 1.1% to X tons. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 53%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports contracted dramatically to $X in 2022. Overall, exports, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2021 with an increase of 95%. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

Taiwan (Chinese) (X tons) and Malaysia (X tons) dominates exports structure, together generating 82% of total exports. It was distantly followed by China (X tons) and the Philippines (X tons), together constituting a 13% share of total exports. Saudi Arabia (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 key exporting countries, was attained by China (with a CAGR of +29.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest butan-1-ol (n-butyl alcohol) supplying countries in Asia were Taiwan (Chinese) ($X), Malaysia ($X) and China ($X), with a combined 90% share of total exports.

In terms of the main exporting countries, China, with a CAGR of +28.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, waning by -25.5% against the previous year. In general, the export price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2021 when the export price increased by 97%. As a result, the export price reached the peak level of $X per ton, and then shrank rapidly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in China ($X per ton) and Saudi Arabia ($X per ton), while Taiwan (Chinese) ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.0%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Asia

In 2022, approx. X tons of butan-1-ol (n-butyl alcohol) were imported in Asia; with a decrease of -17.5% against the previous year. Overall, imports recorded a deep downturn. The pace of growth was the most pronounced in 2016 when imports increased by 15%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, butan-1-ol (n-butyl alcohol) imports contracted significantly to $X in 2022. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 70%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China represented the major importing country with an import of about X tons, which resulted at 45% of total imports. South Korea (X tons) held the second position in the ranking, followed by India (X tons), Singapore (X tons) and Indonesia (X tons). All these countries together took approx. 40% share of total imports. The following importers - Thailand (X tons) and Taiwan (Chinese) (X tons) - each recorded an 8% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to butan-1-ol (n-butyl alcohol) imports into China stood at -10.4%. At the same time, Thailand (+5.2%) and Taiwan (Chinese) (+2.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia, with a CAGR of +5.2% from 2012-2022. India and South Korea experienced a relatively flat trend pattern. By contrast, Singapore (-2.8%) and Indonesia (-3.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea, India, Thailand, Singapore, Taiwan (Chinese) and Indonesia increased by +6.1, +5, +2.9, +2.6, +2.2 and +2.1 percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported butan-1-ol (n-butyl alcohol) in Asia, comprising 42% of total imports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total imports. It was followed by Indonesia, with a 12% share.

In China, butan-1-ol (n-butyl alcohol) imports decreased by an average annual rate of -11.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (-1.7% per year) and Indonesia (+0.8% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, growing by 1.8% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 63% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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