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

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

After two years of growth, the East Asian butan-1-ol (n-butyl alcohol) market decreased by -17.1% to $X in 2022. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Butan-1-Ol (N-Butyl Alcohol) Production in Eastern Asia

In value terms, butan-1-ol (n-butyl alcohol) production contracted modestly to $X in 2022 estimated in export price. The total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +8.4% 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 +0.4% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 54% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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

Exports in Eastern Asia

In 2022, the amount of butan-1-ol (n-butyl alcohol) exported in Eastern Asia skyrocketed to X tons, picking up by 17% on 2021. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.4% against 2020 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 46% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports dropped notably to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 79% against the previous year. As a result, the exports reached the peak of $X, and then declined sharply in the following year.

Exports by Country

Taiwan (Chinese) represented the key exporting country with an export of around X tons, which accounted for 84% of total exports. It was distantly followed by China (X tons), creating a 14% share of total exports.

Exports from Taiwan (Chinese) increased at an average annual rate of +10.2% from 2012 to 2022. At the same time, China (+29.7%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +29.7% from 2012-2022. Taiwan (Chinese) (+19 p.p.) and China (+12 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan (Chinese) ($X) remains the largest butan-1-ol (n-butyl alcohol) supplier in Eastern Asia, comprising 81% of total exports. The second position in the ranking was held by China ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Taiwan (Chinese) stood at +10.3%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, falling by -33.3% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 127% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank dramatically in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.1%).

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

Imports in Eastern Asia

In 2022, supplies from abroad of butan-1-ol (n-butyl alcohol) decreased by -13.7% to X tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 28%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, butan-1-ol (n-butyl alcohol) imports dropped to $X in 2022. In general, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China represented the key importer of butan-1-ol (n-butyl alcohol) in Eastern Asia, with the volume of imports accounting for X tons, which was approx. 70% of total imports in 2022. South Korea (X tons) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (6%).

Imports into China decreased at an average annual rate of -10.4% from 2012 to 2022. At the same time, Taiwan (Chinese) (+2.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +2.3% from 2012-2022. South Korea experienced a relatively flat trend pattern. South Korea (+12 p.p.) and Taiwan (Chinese) (+4 p.p.) significantly strengthened its position in terms of the total imports, while China saw its share reduced by -17% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported butan-1-ol (n-butyl alcohol) in Eastern Asia, comprising 70% of total imports. The second position in the ranking was held by South Korea ($X), with a 25% share of total imports.

In China, butan-1-ol (n-butyl alcohol) imports declined by an average annual rate of -11.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (-1.7% per year) and Taiwan (Chinese) (-1.5% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price, however, continues to indicate a slight slump. The pace of growth was the most pronounced in 2021 when the import price increased by 72%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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