Canada: Butanol Market 2024

Butanol Market Size in Canada

For the third year in a row, the Canadian butanol market recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Butanol consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Butanol Production in Canada

In value terms, butanol production totaled $X in 2022 estimated in export price. Overall, production showed noticeable growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Butanol production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Butanol Exports

Exports from Canada

In 2022, shipments abroad of butanol decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a slight expansion. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, butanol exports declined remarkably to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for butanol exports from Canada, accounting for a X% share of total exports. Moreover, butanol exports to the United States exceeded the volume sent to the second major destination, Japan (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, the United States ($X) remains the key foreign market for butanol exports from Canada, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the average butanol export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to South Korea ($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 (X%), while the prices for the other major destinations experienced a decline.

Butanol Imports

Imports into Canada

In 2022, approx. X tons of butanol were imported into Canada; declining by X% on the previous year. In general, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, butanol imports expanded notably to $X in 2022. Over the period under review, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of butanol to Canada, accounting for a X% share of total imports. Moreover, butanol 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 Russia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Russia (X.4% per year).

In value terms, the United States ($X) constituted the largest supplier of butanol to Canada, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Russia (X% per year).

Import Prices by Country

In 2022, the average butanol import price amounted to $X per ton, with an increase of X% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butanol import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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