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

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

The Canadian butan-1-ol (n-butyl alcohol) market fell to $X in 2022, with a decrease of -11.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, enjoyed a buoyant expansion. As a result, consumption reached the peak level of $X, and then contracted in the following year.

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

Exports from Canada

Butan-1-ol (n-butyl alcohol) exports from Canada was estimated at X kg in 2022, remaining relatively unchanged against the year before. Overall, exports recorded a dramatic slump. The growth pace was the most rapid in 2017 with an increase of 6,043%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports stood at $X in 2022. In general, exports continue to indicate a precipitous slump. The growth pace was the most rapid in 2017 when exports increased by 6,012% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X kg), Italy (X kg) and South Korea (X kg) were the main destinations of butan-1-ol (n-butyl alcohol) exports from Canada.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for butan-1-ol (n-butyl alcohol) exported from Canada were Taiwan (Chinese) ($X), South Korea ($X) and Italy ($X).

Taiwan (Chinese), with a CAGR of 0.0%, saw 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 mixed trend patterns.

Export Prices by Country

In 2022, the average butan-1-ol (n-butyl alcohol) export price amounted to $X per ton, standing approx. at the previous year. Overall, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2017 when the average export price decreased by -0.5% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 South Korea (+0.8%).

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

Imports into Canada

After two years of growth, supplies from abroad of butan-1-ol (n-butyl alcohol) decreased by -29.9% to X tons in 2022. Overall, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.6% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 74% against the previous year. As a result, imports reached the peak of X tons, and then reduced sharply in the following year.

In value terms, butan-1-ol (n-butyl alcohol) imports reached $X in 2022. In general, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2021 with an increase of 256%. 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, the United States (X tons) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to Canada, accounting for a 84% share of total imports. Moreover, butan-1-ol (n-butyl alcohol) imports from the United States exceeded the figures recorded by the second-largest supplier, France (X tons), ninefold. The third position in this ranking was held by Saudi Arabia (X tons), with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+12.4% per year) and Saudi Arabia (+30.7% per year).

In value terms, the United States ($X) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to Canada, comprising 88% of total imports. The second position in the ranking was taken by France ($X), with a 7% share of total imports. It was followed by Saudi Arabia, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+21.1% per year) and Saudi Arabia (+41.4% per year).

Import Prices by Country

The average butan-1-ol (n-butyl alcohol) import price stood at $X per ton in 2022, with an increase of 47% against the previous year. In general, the import price saw a strong increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 105% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Belgium ($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 (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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