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

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

In 2021, the Indian butene and isomers thereof market decreased by -2.1% to $X for the first time since 2017, thus ending a three-year rising trend. In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +16.6% against 2017 indices. Butene and isomers thereof consumption peaked at $X in 2020, and then declined in the following year.

Production of Butene (Butylene) And Isomers Thereof in India

In value terms, butene and isomers thereof production contracted modestly to $X in 2021 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +19.0% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of 47%. Butene and isomers thereof production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Butene (Butylene) And Isomers Thereof

Exports from India

In 2021, the amount of butene (butylene) and isomers thereof exported from India skyrocketed to X tons, increasing by 206% on 2020. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 683,596%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, butene and isomers thereof exports soared to $X in 2021. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 262,376% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for butene and isomers thereof exports from India, with a 77% share of total exports. Moreover, butene and isomers thereof exports to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X tons), sevenfold. The third position in this ranking was taken by Indonesia (X tons), with an 8.6% share.

From 2013 to 2021, the average annual growth rate of volume to Saudi Arabia amounted to +521.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (0.0% per year) and Indonesia (+5.4% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for butene (butylene) and isomers thereof exports from India, comprising 69% of total exports. The second position in the ranking was held by Oman ($X), with a 19% share of total exports. It was followed by Indonesia, with an 8.9% share.

From 2013 to 2021, the average annual rate of growth in terms of value to Saudi Arabia totaled +412.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (0.0% per year) and Indonesia (+0.3% per year).

Export Prices by Country

The average butene and isomers thereof export price stood at $X per ton in 2021, surging by 45% against the previous year. Overall, the export price, however, recorded a deep downturn. The growth pace was the most rapid in 2015 when the average export price increased by 411% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+102.4%), while the prices for the other major destinations experienced a decline.

Imports of Butene (Butylene) And Isomers Thereof

Imports into India

In 2021, supplies from abroad of butene (butylene) and isomers thereof decreased by -98.7% to X tons, falling for the third consecutive year after four years of growth. Overall, imports faced a sharp curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 191%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, butene and isomers thereof imports contracted dramatically to $X in 2021. In general, imports showed a dramatic slump. The most prominent rate of growth was recorded in 2013 when imports increased by 192% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Qatar (X tons) was the main butene and isomers thereof supplier to India, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Qatar totaled -81.7%.

In value terms, Qatar ($X) constituted the largest supplier of butene (butylene) and isomers thereof to India, comprising 99% of total imports. The second position in the ranking was held by South Korea ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Qatar stood at -79.8%.

Import Prices by Country

The average butene and isomers thereof import price stood at $X per ton in 2021, picking up by 91% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Qatar totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+35.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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