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

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

The Ecuadorian butan-1-ol (n-butyl alcohol) market declined significantly to $X in 2022, dropping by -20.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +27.4% against 2020 indices. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

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

Exports from Ecuador

In 2017, overseas shipments of butan-1-ol (n-butyl alcohol) decreased by -18.1% to X kg, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 452%. As a result, the exports reached the peak of X kg. From 2016 to 2017, the growth of the exports remained at a somewhat lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports reduced markedly to $X in 2017. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 193%. As a result, the exports reached the peak of $X. From 2016 to 2017, the growth of the exports failed to regain momentum.

Exports by Country

Guatemala (X kg) was the main destination for butan-1-ol (n-butyl alcohol) exports from Ecuador, with a approx. 100% share of total exports.

From 2014 to 2017, the average annual growth rate of volume to Guatemala was relatively modest.

In value terms, Guatemala ($X) emerged as the key foreign market for butan-1-ol (n-butyl alcohol) exports from Ecuador.

From 2014 to 2017, the average annual rate of growth in terms of value to Guatemala was relatively modest.

Export Prices by Country

The average butan-1-ol (n-butyl alcohol) export price stood at $X per ton in 2017, dropping by -8.5% against the previous year. In general, the export price saw a precipitous setback. The pace of growth appeared the most rapid in 2016 when the average export price decreased by -5.6%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2017, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Guatemala.

From 2014 to 2017, the rate of growth in terms of prices for Guatemala amounted to 0.0% per year.

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

Imports into Ecuador

In 2022, butan-1-ol (n-butyl alcohol) imports into Ecuador fell significantly to X tons, shrinking by -18.5% on the previous year's figure. Overall, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% 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 +1.8% against 2020 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 49%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, butan-1-ol (n-butyl alcohol) imports reduced remarkably to $X in 2022. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +37.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 74% against the previous year. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

Russia (X tons), the UK (X tons) and China (X tons) were the main suppliers of butan-1-ol (n-butyl alcohol) imports to Ecuador, with a combined 63% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +112.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), China ($X) and the United States ($X) constituted the largest butan-1-ol (n-butyl alcohol) suppliers to Ecuador, with a combined 64% share of total imports. The UK, the United Arab Emirates, the Netherlands, France and South Africa lagged somewhat behind, together comprising a further 27%.

The UK, with a CAGR of +54.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average butan-1-ol (n-butyl alcohol) import price stood at $X per ton in 2022, shrinking by -3.4% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 39% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($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 (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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