Asia: Butanol Market 2024

Butanol Market Size in Asia

In 2022, the Asian butanol market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Butanol Production in Asia

In value terms, butanol production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Butanol Exports

Exports in Asia

In 2022, after three years of growth, there was significant decline in overseas shipments of butanol, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, butanol exports reduced notably to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

Malaysia (X tons) and Taiwan (Chinese) (X tons) represented roughly X% of total exports in 2022. China (X tons) ranks next in terms of the total exports with a X% share, followed by Japan (X%). The following exporters - Indonesia (X tons), South Korea (X tons) and Saudi Arabia (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest butanol supplying countries in Asia were Malaysia ($X), Taiwan (Chinese) ($X) and China ($X), together comprising X% of total exports. Japan, Indonesia, Saudi Arabia and South Korea lagged somewhat behind, together accounting for a further X%.

Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Butanol Imports

Imports in Asia

Butanol imports contracted sharply to X tons in 2022, declining by X% on 2021. Over the period under review, imports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, butanol imports declined remarkably to $X in 2022. In general, imports recorded a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China was the major importer of butanol in Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. South Korea (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%) and Singapore (X%). Indonesia (X tons), Thailand (X tons), the United Arab Emirates (X tons), Turkey (X tons) and Japan (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported butanol in Asia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with an X% share of total imports. It was followed by South Korea, with an X% share.

In China, butanol imports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, showed a mild slump. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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