Latin America and the Caribbean: Butan-1-Ol (N-Butyl Alcohol) Market 2024

Butan-1-Ol (N-Butyl Alcohol) Market Size in Latin America and the Caribbean

The Latin American butan-1-ol (n-butyl alcohol) market totaled $X in 2022, remaining stable against the previous year. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Butan-1-Ol (N-Butyl Alcohol) Production in Latin America and the Caribbean

In value terms, butan-1-ol (n-butyl alcohol) production totaled $X in 2022 estimated in export price. Overall, production posted a tangible increase. The growth pace was the most rapid in 2016 with an increase of 36%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in Latin America and the Caribbean

In 2022, the amount of butan-1-ol (n-butyl alcohol) exported in Latin America and the Caribbean fell sharply to X tons, waning by -62.9% on 2021. Over the period under review, exports saw a precipitous setback. The growth pace was the most rapid in 2021 with an increase of 80%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports reduced sharply to $X in 2022. In general, exports faced a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 118% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Brazil (X tons) and Guatemala (X tons) were the key exporters of butan-1-ol (n-butyl alcohol) in Latin America and the Caribbean, together mixing up 73% of total exports. It was distantly followed by Costa Rica (X tons) and the Dominican Republic (X tons), together committing a 24% share of total exports. Mexico (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of +11.2%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest butan-1-ol (n-butyl alcohol) supplying countries in Latin America and the Caribbean were Guatemala ($X), Brazil ($X) and the Dominican Republic ($X), with a combined 91% share of total exports. Costa Rica and Mexico lagged somewhat behind, together comprising a further 6.7%.

Costa Rica, with a CAGR of -0.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, growing by 28% against the previous year. Export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% 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) export price increased by +107.9% against 2017 indices. The pace of growth was the most pronounced in 2018 when the export price increased by 32% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+6.5%), while the other leaders experienced more modest paces of growth.

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

Imports in Latin America and the Caribbean

In 2022, the amount of butan-1-ol (n-butyl alcohol) imported in Latin America and the Caribbean shrank to X tons, falling by -12.8% compared with the previous year. Overall, imports saw a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 64%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, butan-1-ol (n-butyl alcohol) imports rose slightly to $X in 2022. In general, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 190%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil was the main importer of butan-1-ol (n-butyl alcohol) in Latin America and the Caribbean, with the volume of imports amounting to X tons, which was near 79% of total imports in 2022. It was distantly followed by Mexico (X tons), generating a 10% share of total imports. The following importers - Colombia (X tons), Peru (X tons) and Chile (X tons) - together made up 6.9% of total imports.

From 2012 to 2022, average annual rates of growth with regard to butan-1-ol (n-butyl alcohol) imports into Brazil stood at -3.0%. Chile (-1.9%), Colombia (-3.0%), Peru (-5.5%) and Mexico (-16.0%) illustrated a downward trend over the same period. While the share of Brazil (+24 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (-19.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported butan-1-ol (n-butyl alcohol) in Latin America and the Caribbean, comprising 77% of total imports. The second position in the ranking was taken by Mexico ($X), with a 13% share of total imports. It was followed by Colombia, with a 2.8% share.

In Brazil, butan-1-ol (n-butyl alcohol) imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (-11.1% per year) and Colombia (-1.4% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, surging by 20% against the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +112.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 77% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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