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

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

The Europe butan-1-ol (n-butyl alcohol) market dropped to $X in 2022, declining by -8.5% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then contracted in the following year.

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

In value terms, butan-1-ol (n-butyl alcohol) production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production showed a mild reduction. The pace of growth was the most pronounced in 2017 with an increase of 29%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports in Europe

In 2022, shipments abroad of butan-1-ol (n-butyl alcohol) decreased by -62.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 58%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports contracted markedly to $X in 2022. Over the period under review, exports showed a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 86%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Germany (X tons) represented the major exporter of butan-1-ol (n-butyl alcohol), creating 54% of total exports. It was distantly followed by Russia (X tons) and Belgium (X tons), together achieving a 39% share of total exports. The Netherlands (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of -9.2%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Germany ($X) emerged as the largest butan-1-ol (n-butyl alcohol) supplier in Europe, comprising 61% of total exports. The second position in the ranking was taken by Russia ($X), with a 22% share of total exports. It was followed by Belgium, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value in Germany totaled -10.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (-14.2% per year) and Belgium (-27.9% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, rising by 5.8% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price 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, butan-1-ol (n-butyl alcohol) export price increased by +66.2% against 2019 indices. The growth pace was the most rapid in 2017 when the export price increased by 42% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Russia ($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 Netherlands (+3.2%), while the other leaders experienced more modest paces of growth.

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

Imports in Europe

In 2022, after two years of growth, there was significant decline in supplies from abroad of butan-1-ol (n-butyl alcohol), when their volume decreased by -47% to X tons. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 30% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, butan-1-ol (n-butyl alcohol) imports shrank notably to $X in 2022. Over the period under review, imports recorded a pronounced reduction. The pace of growth was the most pronounced in 2021 when imports increased by 72%. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

Germany represented the largest importing country with an import of about X tons, which accounted for 49% of total imports. It was distantly followed by Belgium (X tons), the UK (X tons) and the Czech Republic (X tons), together creating a 29% share of total imports. The following importers - the Netherlands (X tons), Poland (X tons), Italy (X tons), Norway (X tons) and Spain (X tons) - together made up 15% of total imports.

Germany experienced a relatively flat trend pattern with regard to volume of imports of butan-1-ol (n-butyl alcohol). At the same time, Norway (+3.9%) and Poland (+1.3%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Europe, with a CAGR of +3.9% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, the Czech Republic (-1.1%), Spain (-2.8%), the UK (-7.1%), the Netherlands (-12.1%) and Belgium (-14.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, Poland, the Czech Republic and Italy increased by +22, +2, +2 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported butan-1-ol (n-butyl alcohol) in Europe, comprising 47% of total imports. The second position in the ranking was taken by Belgium ($X), with a 19% share of total imports. It was followed by the UK, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to +2.3%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-11.2% per year) and the UK (-3.5% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, jumping by 26% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 +102.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 61% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Spain ($X per ton) and Italy ($X per ton), while the Netherlands ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform