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

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

In 2022, the Indian butan-1-ol (n-butyl alcohol) market decreased by -1.4% to $X, falling for the third consecutive year after three years of growth. In general, the total consumption indicated a pronounced increase from 2012 to 2022: its value 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, consumption decreased by -4.8% against 2019 indices. Butan-1-ol (n-butyl alcohol) consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

In value terms, butan-1-ol (n-butyl alcohol) production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.4% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 56% against the previous year. Butan-1-ol (n-butyl alcohol) production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports from India

In 2022, butan-1-ol (n-butyl alcohol) exports from India shrank remarkably to X tons, waning by -41% on 2021. In general, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 885% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports fell notably to $X in 2022. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2016 when exports increased by 691%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brunei Darussalam (X tons), Nepal (X tons) and Kenya (X tons) were the main destinations of butan-1-ol (n-butyl alcohol) exports from India, together comprising 58% of total exports.

From 2012 to 2022, the biggest increases were recorded for Brunei Darussalam (with a CAGR of +577.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for butan-1-ol (n-butyl alcohol) exported from India were Brunei Darussalam ($X), Nepal ($X) and Kenya ($X), together accounting for 55% of total exports.

In terms of the main countries of destination, Brunei Darussalam, with a CAGR of +521.2%, 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

In 2022, the average butan-1-ol (n-butyl alcohol) export price amounted to $X per ton, reducing by -26.1% against the previous year. Overall, the export price showed a mild contraction. The growth pace was the most rapid in 2021 when the average export price increased by 66% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into India

In 2022, the amount of butan-1-ol (n-butyl alcohol) imported into India contracted to X tons, reducing by -12.1% against 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 26%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, butan-1-ol (n-butyl alcohol) imports shrank remarkably to $X in 2022. Overall, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Saudi Arabia (X tons) and South Africa (X tons) were the main suppliers of butan-1-ol (n-butyl alcohol) imports to India, with a combined 73% share of total imports. Taiwan (Chinese), the United States, South Korea, Belgium, Germany and Singapore lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +179.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest butan-1-ol (n-butyl alcohol) suppliers to India were Malaysia ($X), Saudi Arabia ($X) and South Africa ($X), with a combined 71% share of total imports. Taiwan (Chinese), the United States, South Korea, Belgium, Germany and Singapore lagged somewhat behind, together comprising a further 27%.

In terms of the main suppliers, Belgium, with a CAGR of +170.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average butan-1-ol (n-butyl alcohol) import price stood at $X per ton in 2022, which is down by -4.6% against the previous year. Over the period under review, the import price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 45% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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