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

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

The Bulgarian butan-1-ol (n-butyl alcohol) market rose slightly to $X in 2022, growing by 1.7% against the previous year. In general, consumption posted a perceptible increase. Butan-1-ol (n-butyl alcohol) consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

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

In value terms, butan-1-ol (n-butyl alcohol) production rose modestly to $X in 2022 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.5% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 76%. Butan-1-ol (n-butyl alcohol) production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports from Bulgaria

In 2022, approx. X tons of butan-1-ol (n-butyl alcohol) were exported from Bulgaria; jumping by 175% compared with the year before. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, butan-1-ol (n-butyl alcohol) exports soared to $X in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), Italy (X tons) and Albania (X tons) were the main destinations of butan-1-ol (n-butyl alcohol) exports from Bulgaria.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Italy ($X) and Albania ($X) were the largest markets for butan-1-ol (n-butyl alcohol) exported from Bulgaria worldwide, with a combined 99.9% share of total exports.

Among the main countries of destination, Poland, with a CAGR of 0.0%, recorded the highest rates of growth with regard to 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 2022, the average butan-1-ol (n-butyl alcohol) export price amounted to $X per ton, with a decrease of -37.3% against the previous year. Over the period under review, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 101% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Albania ($X per ton), while the average price for exports to Poland ($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 the Netherlands (-7.8%).

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

Imports into Bulgaria

In 2022, imports of butan-1-ol (n-butyl alcohol) into Bulgaria surged to X tons, increasing by 64% compared with 2021 figures. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 218% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, butan-1-ol (n-butyl alcohol) imports surged to $X in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 261% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to Bulgaria, with a 76% share of total imports. Moreover, butan-1-ol (n-butyl alcohol) imports from Turkey exceeded the figures recorded by the second-largest supplier, Hungary (X tons), fivefold. The third position in this ranking was taken by Germany (X tons), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +124.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+55.7% per year) and Germany (+33.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to Bulgaria, comprising 66% of total imports. The second position in the ranking was taken by Hungary ($X), with a 20% share of total imports. It was followed by Germany, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +155.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+87.5% per year) and Germany (+32.5% per year).

Import Prices by Country

In 2022, the average butan-1-ol (n-butyl alcohol) import price amounted to $X per ton, reducing by -23.6% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 42% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then dropped markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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