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

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

In 2022, the Chilean butan-1-ol (n-butyl alcohol) market increased by 95% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed a relatively flat trend pattern. Butan-1-ol (n-butyl alcohol) consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

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

Exports from Chile

In 2022, overseas shipments of butan-1-ol (n-butyl alcohol) decreased by -50% to X kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2014 with an increase of 12,570%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports dropped rapidly to $X in 2022. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 9,845%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Paraguay (X kg) was the main destination for butan-1-ol (n-butyl alcohol) exports from Chile, accounting for a 84% share of total exports. Moreover, butan-1-ol (n-butyl alcohol) exports to Paraguay exceeded the volume sent to the second major destination, Argentina (X kg), sixfold.

From 2013 to 2022, the average annual growth rate of volume to Paraguay stood at +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-8.7% per year) and Peru (-7.4% per year).

In value terms, Paraguay ($X) remains the key foreign market for butan-1-ol (n-butyl alcohol) exports from Chile, comprising 67% of total exports. The second position in the ranking was taken by Argentina ($X), with a 28% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Paraguay totaled +35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+8.0% per year) and Peru (-13.0% per year).

Export Prices by Country

The average butan-1-ol (n-butyl alcohol) export price stood at $X per ton in 2022, approximately mirroring the previous year. In general, the export price saw noticeable growth. The growth pace was the most rapid in 2019 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+18.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Chile

In 2022, purchases abroad of butan-1-ol (n-butyl alcohol) was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, saw a mild downturn. The growth pace was the most rapid in 2018 with an increase of 289%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, butan-1-ol (n-butyl alcohol) imports skyrocketed to $X in 2022. In general, imports saw a slight increase. The pace of growth appeared the most rapid in 2018 with an increase of 266% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest butan-1-ol (n-butyl alcohol) supplier to Chile, accounting for a 89% 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, Russia (X tons), more than tenfold.

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 (0.0% per year) and France (+12.8% per year).

In value terms, the United States ($X) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to Chile, comprising 89% of total imports. The second position in the ranking was taken by Russia ($X), with a 6.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (0.0% per year) and France (+82.1% per year).

Import Prices by Country

In 2022, the average butan-1-ol (n-butyl alcohol) import price amounted to $X per ton, increasing by 34% against the previous year. Overall, the import price posted a pronounced increase. The pace of growth was the most pronounced in 2021 an increase of 95%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+61.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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