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

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

The Asia-Pacific butene and isomers thereof market shrank slightly to $X in 2021, declining by -2.2% against the previous year. The market value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Butene (Butylene) And Isomers Thereof in Asia-Pacific

In value terms, butene and isomers thereof production contracted modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 26%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Butene (Butylene) And Isomers Thereof

Exports in Asia-Pacific

In 2021, shipments abroad of butene (butylene) and isomers thereof was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, recorded a slight reduction. The growth pace was the most rapid in 2016 when exports increased by 35% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, butene and isomers thereof exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt setback. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X tons) and Indonesia (X tons) represented roughly 70% of total exports in 2021. Taiwan (Chinese) (X tons) ranks next in terms of the total exports with an 11% share, followed by India (8.5%) and Singapore (6.8%). Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +65.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest butene and isomers thereof supplying countries in Asia-Pacific were South Korea ($X), Indonesia ($X) and Taiwan (Chinese) ($X), with a combined 80% share of total exports. These countries were followed by India, Singapore and Japan, which together accounted for a further 18%.

Among the main exporting countries, Singapore, with a CAGR of +70.2%, saw the highest growth rate of 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 2021, the export price in Asia-Pacific amounted to $X per ton, surging by 31% against the previous year. Overall, the export price, however, saw a perceptible downturn. 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.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Japan ($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-Pacific

In 2021, purchases abroad of butene (butylene) and isomers thereof decreased by -1% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports, however, saw modest growth. The most prominent rate of growth was recorded in 2017 with an increase of 90%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, butene and isomers thereof imports surged to $X in 2021. In general, imports saw a pronounced contraction. The pace of growth was the most pronounced in 2017 with an increase of 69% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X tons) and China (X tons) represented roughly 63% of total imports in 2021. Thailand (X tons) held the next position in the ranking, distantly followed by the Philippines (X tons), Malaysia (X tons) and Indonesia (X tons). All these countries together took approx. 33% share of total imports. Japan (X tons) followed a long way behind the leaders.

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, the largest butene and isomers thereof importing markets in Asia-Pacific were China ($X), Singapore ($X) and Thailand ($X), together comprising 78% of total imports. These countries were followed by the Philippines, Indonesia, Malaysia and Japan, which together accounted for a further 21%.

The Philippines, with a CAGR of +35.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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-Pacific stood at $X per ton in 2021, growing by 40% against the previous year. In general, the import price, however, showed a noticeable reduction. 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 Japan ($X per ton), while Singapore ($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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