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

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

In 2021, the Belgian market for butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 44% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption posted perceptible growth. Butanols (excluding butan-1-ol (n-butyl alcohol)) consumption peaked in 2021 and is likely to see gradual growth in years to come.

Exports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Exports from Belgium

For the third year in a row, Belgium recorded growth in overseas shipments of butanols (excluding butan-1-ol (n-butyl alcohol)), which increased by 24% to X tons in 2021. Overall, exports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2019 with an increase of 381% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports surged to $X in 2021. Over the period under review, exports, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2019 with an increase of 342%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and the UK (X tons) were the main destinations of butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Belgium, together accounting for 75% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +5.8%), while the other leaders experienced a decline.

In value terms, Italy ($X), Germany ($X) and the UK ($X) were the largest markets for butanols (excluding butan-1-ol (n-butyl alcohol)) exported from Belgium worldwide, with a combined 70% share of total exports.

Italy, with a CAGR of +7.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2021, with an increase of 36% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 52%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Imports into Belgium

In 2021, overseas purchases of butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 19% to X tons, rising for the third year in a row after two years of decline. Overall, imports posted modest growth. The pace of growth was the most pronounced in 2019 when imports increased by 88%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports surged to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 101% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany (X tons), France (X tons) and the UK (X tons) were the main suppliers of butanols (excluding butan-1-ol (n-butyl alcohol)) imports to Belgium, together accounting for 63% of total imports. These countries were followed by South Africa, the Netherlands, Russia, the United States and Poland, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +71.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest butanols (excluding butan-1-ol (n-butyl alcohol)) suppliers to Belgium were Germany ($X), the UK ($X) and France ($X), together comprising 70% of total imports. South Africa, the Netherlands, Russia, the United States and Poland lagged somewhat behind, together comprising a further 27%.

Russia, with a CAGR of +69.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2021, surging by 34% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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