Asia: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in Asia

The Asian butene and isomers thereof market contracted slightly to $X in 2021, falling by -1.8% against the previous year. The market value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Butene (Butylene) And Isomers Thereof in Asia

In value terms, butene and isomers thereof production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by 22%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Butene (Butylene) And Isomers Thereof

Exports in Asia

In 2021, after three years of decline, there was significant growth in shipments abroad of butene (butylene) and isomers thereof, when their volume increased by 9.8% to X tons. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 22%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, butene and isomers thereof exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a deep contraction. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, South Korea (X tons), Indonesia (X tons) and Azerbaijan (X tons) represented the major exporter of butene (butylene) and isomers thereof in Asia, making up 75% of total export. Taiwan (Chinese) (X tons) ranks next in terms of the total exports with an 8.4% share, followed by India (6.6%) and Singapore (5.2%). Japan (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Singapore (with a CAGR of +65.7%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Indonesia ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of exports in 2021, with a combined 73% share of total exports. India, Singapore, Azerbaijan and Japan lagged somewhat behind, together accounting for a further 23%.

Singapore, with a CAGR of +70.2%, recorded the highest growth rate of 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 2021, with an increase of 26% against the previous year. Over the period under review, the export price, however, showed a abrupt contraction. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.7%), while the other leaders experienced a decline in the export price figures.

Imports of Butene (Butylene) And Isomers Thereof

Imports in Asia

After three years of decline, purchases abroad of butene (butylene) and isomers thereof increased by 13% to X tons in 2021. Total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 89%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, butene and isomers thereof imports skyrocketed to $X in 2021. In general, imports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2017 when imports increased by 69%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Singapore (X tons) and China (X tons) represented roughly 54% of total imports in 2021. It was distantly followed by Thailand (X tons), Saudi Arabia (X tons) and the Philippines (X tons), together comprising a 31% share of total imports. The following importers - Malaysia (X tons) and Indonesia (X tons) - each reached an 8.5% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +40.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Singapore ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 69% of total imports. Saudi Arabia, the Philippines, Indonesia and Malaysia lagged somewhat behind, together accounting for a further 21%.

Among the main importing countries, the Philippines, with a CAGR of +35.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, increasing by 32% against the previous year. Over the period under review, the import price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by 35%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, 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 China ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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