GCC: Butanol Market 2024

Butanol Market Size in GCC

The GCC butanol market declined to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption continues to indicate moderate growth. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Butanol Production in GCC

In value terms, butanol production dropped sharply to $X in 2022 estimated in export price. Overall, production, however, posted a tangible expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Butanol Exports

Exports in GCC

In 2022, overseas shipments of butanol decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, butanol exports contracted notably to $X in 2022. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced notably in the following year.

Exports by Country

Saudi Arabia was the major exporter of butanol in GCC, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons) and Oman (X tons), together achieving a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, Oman, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($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 United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Butanol Imports

Imports in GCC

In 2022, butanol imports in GCC soared to X tons, with an increase of X% on the year before. Overall, imports showed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, butanol imports soared to $X in 2022. In general, imports showed a tangible expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, accounting for X tons, which was near X% of total imports in 2022. The following importers - Oman (X tons) and Qatar (X tons) - each amounted to a X% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported butanol in GCC, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price showed a noticeable descent. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 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 (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform