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

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

In 2022, the Benelux butan-1-ol (n-butyl alcohol) market decreased by -13.8% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, showed a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then fell in the following year.

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

In value terms, butan-1-ol (n-butyl alcohol) production skyrocketed to $X in 2022 estimated in export price. In general, production showed significant growth. The pace of growth was the most pronounced in 2013 when the production volume increased by 1,199% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in Benelux

Butan-1-ol (n-butyl alcohol) exports contracted dramatically to X tons in 2022, dropping by -93.6% on 2021. Over the period under review, exports showed a sharp slump. The pace of growth was the most pronounced in 2020 with an increase of 450% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports contracted rapidly to $X in 2022. Overall, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of 575% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium represented the main exporting country with an export of around X tons, which recorded 76% of total exports. It was distantly followed by the Netherlands (X tons), comprising a 24% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to butan-1-ol (n-butyl alcohol) exports from Belgium stood at -29.4%. The Netherlands (-9.2%) illustrated a downward trend over the same period. The Netherlands (+21 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -21.1% from 2012 to 2022, respectively.

In value terms, Belgium ($X) remains the largest butan-1-ol (n-butyl alcohol) supplier in Benelux, comprising 73% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium stood at -27.9%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, growing by 7.9% against the previous year. Export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 +154.6% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 57%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.2%).

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

Imports in Benelux

In 2022, after two years of growth, there was significant decline in purchases abroad of butan-1-ol (n-butyl alcohol), when their volume decreased by -72.8% to X tons. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 170%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, butan-1-ol (n-butyl alcohol) imports dropped notably to $X in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 124%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium represented the major importing country with an import of around X tons, which reached 83% of total imports. It was distantly followed by the Netherlands (X tons), constituting a 17% share of total imports.

Imports into Belgium decreased at an average annual rate of -14.1% from 2012 to 2022. The Netherlands (-12.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +3 percentage points.

In value terms, Belgium ($X) constitutes the largest market for imported butan-1-ol (n-butyl alcohol) in Benelux, comprising 84% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total imports.

In Belgium, butan-1-ol (n-butyl alcohol) imports decreased by an average annual rate of -11.2% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, increasing by 22% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.2% 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) import price increased by +94.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by 60%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.4%).

Source: IndexBox Platform