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

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

The Canadian market for butanols (excluding butan-1-ol (n-butyl alcohol)) totaled $X in 2022, increasing by 1.6% against the previous year. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +10.6% against 2017 indices. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Canada

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 51%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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

Exports from Canada

In 2022, approx. X tons of butanols (excluding butan-1-ol (n-butyl alcohol)) were exported from Canada; shrinking by -90.2% compared with the previous year. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 725%. As a result, the exports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports fell rapidly to $X in 2022. In general, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 499% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Canada, accounting for a 93% share of total exports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) exports to the United States exceeded the volume sent to the second major destination, Japan (X kg), more than tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to the United States totaled -20.1%.

In value terms, the United States ($X) remains the key foreign market for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Canada, comprising 92% of total exports. The second position in the ranking was taken by Japan ($X), with a 6.5% share of total exports.

From 2013 to 2022, the average annual growth rate of value to the United States amounted to -24.0%.

Export Prices by Country

The average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2022, which is down by -2.5% against the previous year. Overall, the export price recorded a perceptible descent. The pace of growth appeared the most rapid in 2018 an increase of 27% against the previous year. The export price peaked 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 overseas 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 the United States amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-1.7%), while the prices for the other major destinations experienced a decline.

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

Imports into Canada

In 2022, overseas purchases of butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 36% to X tons, rising for the second consecutive year after three years of decline. Overall, imports recorded a perceptible increase. The pace of growth was the most pronounced in 2016 when imports increased by 121%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports skyrocketed to $X in 2022. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 85%. 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 butanols (excluding butan-1-ol (n-butyl alcohol)) supplier to Canada, with a 63% share of total imports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) imports from the United States exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold. China (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+1,183.4% per year) and China (+152.8% per year).

In value terms, the United States ($X) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to Canada, comprising 69% of total imports. The second position in the ranking was held by Russia ($X), with a 13% share of total imports. It was followed by China, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+657.5% per year) and China (+122.7% per year).

Import Prices by Country

The average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2022, with a decrease of -3.6% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butanols (excluding butan-1-ol (n-butyl alcohol)) import price decreased by -4.0% against 2020 indices. The growth pace was the most rapid in 2020 an increase of 37%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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