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

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

After two years of growth, the Belgian butan-1-ol (n-butyl alcohol) market decreased by -15.2% to $X in 2022. In general, consumption, however, saw prominent growth. Over the period under review, the market reached the peak level at $X in 2021, and then contracted dramatically in the following year.

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

In value terms, butan-1-ol (n-butyl alcohol) production surged to $X in 2022 estimated in export price. In general, production, however, saw a abrupt slump. Butan-1-ol (n-butyl alcohol) production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports from Belgium

In 2022, overseas shipments of butan-1-ol (n-butyl alcohol) decreased by -94.8% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a precipitous contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 494%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports contracted markedly to $X in 2022. Overall, exports showed a dramatic decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 640%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for butan-1-ol (n-butyl alcohol) exports from Belgium, with a 77% share of total exports. Moreover, butan-1-ol (n-butyl alcohol) exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. The third position in this ranking was taken by France (X tons), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at -30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-24.7% per year) and France (-22.5% per year).

In value terms, Germany ($X) remains the key foreign market for butan-1-ol (n-butyl alcohol) exports from Belgium, comprising 68% of total exports. The second position in the ranking was taken by France ($X), with a 9.6% share of total exports. It was followed by the UK, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to -29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-19.5% per year) and the UK (-23.4% per year).

Export Prices by Country

In 2022, the average butan-1-ol (n-butyl alcohol) export price amounted to $X per ton, rising by 4.3% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butan-1-ol (n-butyl alcohol) export price increased by +153.0% against 2016 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 53%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 France (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Belgium

After two years of growth, overseas purchases of butan-1-ol (n-butyl alcohol) decreased by -75.1% to X tons in 2022. Overall, imports saw a deep downturn. The pace of growth was the most pronounced in 2020 when imports increased by 215% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, butan-1-ol (n-butyl alcohol) imports declined rapidly to $X in 2022. Over the period under review, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2020 when imports increased by 156%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest butan-1-ol (n-butyl alcohol) supplier to Belgium, accounting for a 71% share of total imports. Moreover, butan-1-ol (n-butyl alcohol) imports from France exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. The third position in this ranking was taken by Germany (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-22.7% per year) and Germany (-12.7% per year).

In value terms, France ($X) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to Belgium, comprising 73% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.1% share of total imports. It was followed by Germany, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from France stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-25.1% per year) and Germany (-9.6% per year).

Import Prices by Country

The average butan-1-ol (n-butyl alcohol) import price stood at $X per ton in 2022, rising by 25% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butan-1-ol (n-butyl alcohol) import price increased by +97.5% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 58%. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :