Eastern Asia: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in Eastern Asia

The East Asian butene and isomers thereof market reduced slightly to $X in 2021, falling by -3% against the previous year. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +3.8% against 2019 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Butene (Butylene) And Isomers Thereof in Eastern Asia

In value terms, butene and isomers thereof production declined slightly to $X in 2021 estimated in export price. The total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +3.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 26% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Butene (Butylene) And Isomers Thereof

Exports in Eastern Asia

In 2021, shipments abroad of butene (butylene) and isomers thereof increased by 4.3% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2017 with an increase of 38% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, butene and isomers thereof exports skyrocketed to $X in 2021. In general, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 37% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Korea was the largest exporter of butene (butylene) and isomers thereof in Eastern Asia, with the volume of exports accounting for X tons, which was approx. 73% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), mixing up a 22% share of total exports. Japan (X tons) took a minor share of total exports.

South Korea was also the fastest-growing in terms of the butene (butylene) and isomers thereof exports, with a CAGR of -2.8% from 2012 to 2021. Japan (-6.2%) and Taiwan (Chinese) (-7.0%) illustrated a downward trend over the same period. While the share of South Korea (+12 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-5.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest butene and isomers thereof supplier in Eastern Asia, comprising 77% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 20% share of total exports.

In South Korea, butene and isomers thereof exports plunged by an average annual rate of -6.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-11.9% per year) and Japan (-15.2% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, growing by 12% against the previous year. Overall, the export price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2018 when the export price increased by 22% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-3.4%), while the other leaders experienced a decline in the export price figures.

Imports of Butene (Butylene) And Isomers Thereof

Imports in Eastern Asia

In 2021, purchases abroad of butene (butylene) and isomers thereof increased by 77% to X tons, rising for the third year in a row after three years of decline. Overall, imports enjoyed measured growth. The growth pace was the most rapid in 2019 when imports increased by 205% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, butene and isomers thereof imports soared to $X in 2021. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the major importer of butene (butylene) and isomers thereof, committing 89% of total imports. It was distantly followed by Japan (X tons), committing an 11% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to butene and isomers thereof imports into China stood at +1.3%. At the same time, Japan (+19.0%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +19.0% from 2012-2021. From 2012 to 2021, the share of Japan increased by +8.4 percentage points.

In value terms, China ($X) constitutes the largest market for imported butene (butylene) and isomers thereof in Eastern Asia, comprising 88% of total imports. The second position in the ranking was taken by Japan ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual growth rate of value in China was relatively modest.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, jumping by 50% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible shrinkage. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :