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

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

The East European butan-1-ol (n-butyl alcohol) market amounted to $X in 2022, rising by 2.5% against the previous year. The total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.9% against 2017 indices. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

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

In value terms, butan-1-ol (n-butyl alcohol) production fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2017 when the production volume increased by 121% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports in Eastern Europe

In 2022, exports of butan-1-ol (n-butyl alcohol) in Eastern Europe dropped dramatically to X tons, with a decrease of -32.3% compared with 2021. Over the period under review, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 42% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports shrank significantly to $X in 2022. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 153% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Russia dominates exports structure, amounting to X tons, which was near 93% of total exports in 2022. Poland (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the butan-1-ol (n-butyl alcohol) exports, with a CAGR of -13.2% from 2012 to 2022. Poland (-28.9%) illustrated a downward trend over the same period. Russia (+16 p.p.) significantly strengthened its position in terms of the total exports, while Poland saw its share reduced by -18.5% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest butan-1-ol (n-butyl alcohol) supplier in Eastern Europe, comprising 87% of total exports. The second position in the ranking was taken by Poland ($X), with a 7.3% share of total exports.

In Russia, butan-1-ol (n-butyl alcohol) exports contracted by an average annual rate of -14.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, flattening at the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by 79% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.8%).

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

Imports in Eastern Europe

In 2022, butan-1-ol (n-butyl alcohol) imports in Eastern Europe dropped notably to X tons, which is down by -27.7% compared with 2021 figures. Over the period under review, imports showed a mild downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, butan-1-ol (n-butyl alcohol) imports stood at $X in 2022. Total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.0% 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 +103.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 102% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

The Czech Republic (X tons) and Poland (X tons) prevails in imports structure, together comprising 88% of total imports. The following importers - Belarus (X tons) and Russia (X tons) - together made up 7.5% of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +12.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the Czech Republic ($X), Poland ($X) and Belarus ($X) constituted the countries with the highest levels of imports in 2022, with a combined 92% share of total imports. These countries were followed by Russia, which accounted for a further 3.3%.

Russia, with a CAGR of +9.8%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, with an increase of 39% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butan-1-ol (n-butyl alcohol) import price increased by +110.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 51%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Russia ($X per ton) and Poland ($X per ton), while Belarus ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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