EU: Market for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) 2024

Market Size for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in the EU

In 2022, the EU market for butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 1.9% to $X, rising for the fifth consecutive year after three years of decline. Over the period under review, consumption continues to indicate a pronounced contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in the EU

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible slump. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Exports in the EU

In 2022, shipments abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 72% to X tons, rising for the second consecutive year after four years of decline. Overall, exports, however, showed a mild reduction. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports surged to $X in 2022. Over the period under review, exports, however, saw a noticeable contraction. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the Netherlands (X tons) was the main exporter of butanols (excluding butan-1-ol (n-butyl alcohol)), making up 58% of total exports. Germany (X tons) ranks second in terms of the total exports with a 24% share, followed by France (11%) and Belgium (5.1%).

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of butanols (excluding butan-1-ol (n-butyl alcohol)). At the same time, France (+1.6%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +1.6% from 2012-2022. By contrast, Germany (-1.5%) and Belgium (-4.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands and France increased by +8.3 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 87% share of total exports.

Among the main exporting countries, France, with a CAGR of +3.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, with a decrease of -1.6% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 33%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.5%), while the other leaders experienced more modest paces of growth.

Imports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Imports in the EU

After five years of growth, purchases abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) decreased by -23.8% to X tons in 2022. Overall, imports saw a deep setback. The pace of growth was the most pronounced in 2014 when imports increased by 27%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports reduced to $X in 2022. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X tons) and Italy (X tons) represented the key importers of butanols (excluding butan-1-ol (n-butyl alcohol)) in the European Union, together resulting at approx. 56% of total imports. Germany (X tons) ranks next in terms of the total imports with a 12% share, followed by France (9.9%), Spain (5.5%) and the Netherlands (5.3%). Poland (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of +1.9%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Italy ($X), Belgium ($X) and France ($X) constituted the countries with the highest levels of imports in 2022, with a combined 68% share of total imports. Germany, Spain, the Netherlands and Poland lagged somewhat behind, together comprising a further 21%.

Spain, with a CAGR of +2.0%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 the European Union amounted to $X per ton, increasing by 26% against the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price 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, butanols (excluding butan-1-ol (n-butyl alcohol)) import price increased by +55.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 31%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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