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

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

The Indian market for butanols (excluding butan-1-ol (n-butyl alcohol)) dropped to $X in 2022, waning by -9.3% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then contracted in the following year.

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

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production rose rapidly to $X in 2022 estimated in export price. In general, production saw a mild curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 73%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Exports from India

In 2022, the amount of butanols (excluding butan-1-ol (n-butyl alcohol)) exported from India contracted dramatically to X tons, which is down by -17.2% against the previous year. In general, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 82%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports declined to $X in 2022. Over the period under review, exports recorded a slight slump. The most prominent rate of growth was recorded in 2018 with an increase of 40%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from India, accounting for a 75% share of total exports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) exports to Singapore exceeded the volume sent to the second major destination, the United States (X tons), tenfold. The third position in this ranking was held by Thailand (X tons), with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.4% per year) and Thailand (+21.0% per year).

In value terms, Singapore ($X) remains the key foreign market for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from India, comprising 38% of total exports. The second position in the ranking was held by China ($X), with an 11% share of total exports. It was followed by Thailand, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-10.8% per year) and Thailand (+11.1% per year).

Export Prices by Country

In 2022, the average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, rising by 2.9% against the previous year. In general, the export price, however, recorded a abrupt slump. The growth pace was the most rapid in 2020 when the average export price increased by 31% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Singapore ($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 Singapore (+3.2%), while the prices for the other major destinations experienced a decline.

Imports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Imports into India

In 2022, approx. X tons of butanols (excluding butan-1-ol (n-butyl alcohol)) were imported into India; falling by -15.9% compared with the previous year's figure. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +17.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports attained the peak of X tons, and then reduced notably in the following year.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports shrank to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 90% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

China (X tons), the United States (X tons) and South Africa (X tons) were the main suppliers of butanols (excluding butan-1-ol (n-butyl alcohol)) imports to India, together accounting for 53% of total imports. Malaysia, the Netherlands, Belgium, Brazil, Russia, Saudi Arabia, Germany and France lagged somewhat behind, together accounting for a further 45%.

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 +58.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to India, comprising 40% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by South Africa, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.6% per year) and South Africa (-0.6% per year).

Import Prices by Country

In 2022, the average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, with an increase of 4.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 36%. The import price peaked 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 China ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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