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

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

The Italian butan-1-ol (n-butyl alcohol) market declined to $X in 2022, which is down by -5.7% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, butan-1-ol (n-butyl alcohol) production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 50% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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

Exports from Italy

In 2022, overseas shipments of butan-1-ol (n-butyl alcohol) were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 787% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, butan-1-ol (n-butyl alcohol) exports surged to $X in 2022. Over the period under review, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 530% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Finland (X tons) was the main destination for butan-1-ol (n-butyl alcohol) exports from Italy, with a 78% share of total exports. Moreover, butan-1-ol (n-butyl alcohol) exports to Finland exceeded the volume sent to the second major destination, Serbia (X tons), more than tenfold. The third position in this ranking was taken by Egypt (X tons), with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (-14.6% per year) and Egypt (+2.7% per year).

In value terms, Finland ($X) emerged as the key foreign market for butan-1-ol (n-butyl alcohol) exports from Italy, comprising 79% of total exports. The second position in the ranking was held by Serbia ($X), with a 7.8% share of total exports. It was followed by Egypt, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (-8.8% per year) and Egypt (+11.8% per year).

Export Prices by Country

The average butan-1-ol (n-butyl alcohol) export price stood at $X per ton in 2022, increasing by 36% against the previous year. In general, the export price showed a buoyant increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 123% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malta ($X per ton), while the average price for exports to Slovenia ($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 Greece (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Italy

In 2022, imports of butan-1-ol (n-butyl alcohol) into Italy plummeted to X tons, which is down by -24.2% against the previous year. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 52% against the previous year. As a result, imports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, butan-1-ol (n-butyl alcohol) imports fell to $X in 2022. Overall, imports, however, showed a temperate expansion. The growth pace was the most rapid in 2021 when imports increased by 136%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to Italy, with a 47% share of total imports. Moreover, butan-1-ol (n-butyl alcohol) imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Poland (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.6% per year) and Poland (+1.2% per year).

In value terms, France ($X) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to Italy, comprising 45% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by Poland, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.5% per year) and Poland (+4.5% per year).

Import Prices by Country

In 2022, the average butan-1-ol (n-butyl alcohol) import price amounted to $X per ton, growing by 18% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butan-1-ol (n-butyl alcohol) import price increased by +91.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 56%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and Poland ($X per ton), while the price for France ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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