Iran: Butanol Market 2024

Butanol Market Size in Iran

The Iranian butanol market stood at $X in 2022, flattening at the previous year. In general, consumption, however, recorded a measured increase. Butanol consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Butanol Production in Iran

In value terms, butanol production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, showed notable growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Butanol Exports

Exports from Iran

In 2022, butanol exports from Iran fell significantly to X tons, waning by X% compared with the year before. Overall, exports faced a significant decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, butanol exports fell notably to $X in 2022. Over the period under review, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Pakistan (X tons) and the United Arab Emirates (X tons) were the main destinations of butanol exports from Iran, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Pakistan ($X), China ($X) and the United Arab Emirates ($X) were the largest markets for butanol exported from Iran worldwide, with a combined X% share of total exports.

Pakistan, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average butanol export price amounted to $X per ton, surging by X% against the previous year. In general, the export price saw slight growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

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

Butanol Imports

Imports into Iran

After two years of growth, supplies from abroad of butanol decreased by X% to X tons in 2022. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, butanol imports dropped remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of butanol to Iran, with a X% share of total imports. Moreover, butanol imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of butanol to Iran, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

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

Import Prices by Country

The average butanol import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price showed a mild descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Singapore ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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