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

Market Size for Butene (Butylene) And Isomers Thereof in Europe

The Europe butene and isomers thereof market rose slightly to $X in 2021, surging by 1.7% against the previous year. Overall, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 5.9%. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Butene (Butylene) And Isomers Thereof in Europe

In value terms, butene and isomers thereof production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 6.2% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Butene (Butylene) And Isomers Thereof

Exports in Europe

In 2021, butene and isomers thereof exports in Europe fell slightly to X tons, reducing by -3.9% on 2020 figures. In general, exports saw a pronounced setback. The growth pace was the most rapid in 2018 with an increase of 4.4%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, butene and isomers thereof exports soared to $X in 2021. Overall, exports recorded a abrupt setback. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) and Belgium (X tons) represented roughly 78% of total exports in 2021. It was distantly followed by Germany (X tons), constituting 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 key 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, the largest butene and isomers thereof supplying countries in Europe were Belgium ($X), the Netherlands ($X) and Germany ($X), with a combined 95% share of total exports. These countries were followed by Italy, which accounted for a further 4.5%.

In terms of the main exporting countries, Italy, with a CAGR of +87.3%, recorded the highest growth rate of the value of exports, 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 Europe amounted to $X per ton, jumping by 36% against the previous year. Over the period under review, the export price, however, recorded a perceptible setback. The level of export peaked 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 Europe

In 2021, approx. X tons of butene (butylene) and isomers thereof were imported in Europe; dropping by -7.4% compared with 2020 figures. Overall, imports recorded a perceptible setback. The pace of growth was the most pronounced in 2020 when imports increased by 55% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, butene and isomers thereof imports skyrocketed to $X in 2021. Over the period under review, imports recorded a deep slump. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Belgium was the key importing country with an import of about X tons, which finished at 48% of total imports. The Netherlands (X tons) held the second position in the ranking, followed by Switzerland (X tons), France (X tons) and Germany (X tons). All these countries together took approx. 38% share of total imports. The following importers - Austria (X tons) and Finland (X tons) - each resulted at a 6.4% share of total imports.

Belgium experienced a relatively flat trend pattern with regard to volume of imports of butene (butylene) and isomers thereof. At the same time, Switzerland (+3.1%) displayed positive paces of growth. Moreover, Switzerland emerged as the fastest-growing importer imported in Europe, with a CAGR of +3.1% from 2012-2021. Finland experienced a relatively flat trend pattern. By contrast, 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, Switzerland and the Netherlands increased by +19, +5.6 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported butene (butylene) and isomers thereof in Europe, comprising 40% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 13% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Belgium stood at -2.9%. The remaining importing countries recorded the following average annual rates of imports growth: Switzerland (+0.2% per year) and the Netherlands (-6.4% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, picking up by 35% against the previous year. In general, the import price, however, showed a perceptible slump. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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