EU: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in the EU

The EU butene and isomers thereof market rose sharply to $X in 2021, growing by 5.4% against the previous year. Over the period under review, consumption saw a mild expansion. The most prominent rate of growth was recorded in 2017 with an increase of 9.3% against the previous year. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Butene (Butylene) And Isomers Thereof in the EU

In value terms, butene and isomers thereof production rose sharply to $X in 2021 estimated in export price. In general, production, however, saw a mild decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 11% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Butene (Butylene) And Isomers Thereof

Exports in the EU

In 2021, approx. X tons of butene (butylene) and isomers thereof were exported in the European Union; reducing by -3.6% compared with 2020. Over the period under review, exports saw a perceptible contraction. The pace of growth was the most pronounced in 2018 when exports increased by 4.5%. The volume of export peaked 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 saw a deep downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) and Belgium (X tons) represented the key exporters of butene (butylene) and isomers thereof in 2021, finishing at approx. 40% and 37% of total exports, respectively. It was distantly followed by Germany (X tons), mixing up an 18% share of total exports. Italy (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Italy (with a CAGR of +132.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Belgium ($X), the Netherlands ($X) and Germany ($X) were the countries with the highest levels of exports in 2021, together comprising 95% of total exports. These countries were followed by Italy, which accounted for a further 4.5%.

Italy, with a CAGR of +87.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, increasing by 36% against the previous year. Overall, the export price, however, showed a perceptible contraction. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Germany ($X per ton) and Italy ($X per ton), while the Netherlands ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-2.5%), while the other leaders experienced a decline in the export price figures.

Imports of Butene (Butylene) And Isomers Thereof

Imports in the EU

In 2021, overseas purchases of butene (butylene) and isomers thereof decreased by -10.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 61% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, butene and isomers thereof imports skyrocketed to $X in 2021. In general, imports recorded a deep downturn. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Belgium represented the major importer of butene (butylene) and isomers thereof in the European Union, with the volume of imports recording X tons, which was approx. 57% of total imports in 2021. The Netherlands (X tons) took the second position in the ranking, followed by France (X tons) and Germany (X tons). All these countries together held approx. 31% share of total imports. The following importers - Austria (X tons) and Finland (X tons) - together made up 7.6% of total imports.

Belgium experienced a relatively flat trend pattern with regard to volume of imports of butene (butylene) and isomers thereof. Finland experienced a relatively flat trend pattern. the Netherlands (-2.1%), Austria (-4.7%), Germany (-10.3%) and France (-11.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belgium and the Netherlands increased by +25 and +3.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported butene (butylene) and isomers thereof in the European Union, comprising 48% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Belgium stood at -2.9%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (-6.4% per year) and France (-14.0% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, with an increase of 36% against the previous year. Overall, the import price, however, saw a noticeable shrinkage. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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