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

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

The GCC butan-1-ol (n-butyl alcohol) market shrank remarkably to $X in 2022, declining by -20.1% against the previous year. In general, consumption, however, saw a prominent increase. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

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

In value terms, butan-1-ol (n-butyl alcohol) production contracted significantly to $X in 2022 estimated in export price. Overall, production, however, showed resilient growth. The growth pace was the most rapid in 2016 when the production volume increased by 12,528%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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

Exports in GCC

Butan-1-ol (n-butyl alcohol) exports fell significantly to X tons in 2022, with a decrease of -56.2% against 2021. Over the period under review, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 21,256%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports reduced rapidly to $X in 2022. Overall, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 10,795% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia prevails in exports structure, reaching X tons, which was approx. 95% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), constituting a 4.5% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the butan-1-ol (n-butyl alcohol) exports, with a CAGR of +11.4% from 2012 to 2022. At the same time, the United Arab Emirates (+4.7%) displayed positive paces of growth. Saudi Arabia (+4 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -3.6% from 2012 to 2022, respectively.

In value terms, Saudi Arabia ($X) remains the largest butan-1-ol (n-butyl alcohol) supplier in GCC, comprising 93% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 6.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia totaled +12.5%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, jumping by 23% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 28%. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.5%).

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

Imports in GCC

Butan-1-ol (n-butyl alcohol) imports declined dramatically to X tons in 2022, with a decrease of -19.3% on the year before. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 362%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, butan-1-ol (n-butyl alcohol) imports dropped sharply to $X in 2022. Over the period under review, imports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by 482% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, finishing at X tons, which was near 84% of total imports in 2022. It was distantly followed by Qatar (X tons) and Oman (X tons), together comprising a 12% share of total imports. Kuwait (X tons) held a relatively small share of total imports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of butan-1-ol (n-butyl alcohol). At the same time, Kuwait (+22.5%), Oman (+11.7%) and Qatar (+5.7%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +22.5% from 2012-2022. While the share of Oman (+4.1 p.p.), Kuwait (+2.9 p.p.) and Qatar (+2.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported butan-1-ol (n-butyl alcohol) in GCC, comprising 72% of total imports. The second position in the ranking was taken by Qatar ($X), with an 11% share of total imports. It was followed by Oman, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled -5.5%. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (+4.7% per year) and Oman (+10.2% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, dropping by -16.8% against the previous year. Overall, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the import price increased by 48%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform