Latin America and the Caribbean: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in Latin America and the Caribbean

In 2021, the Latin American butene and isomers thereof market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Butene (Butylene) And Isomers Thereof in Latin America and the Caribbean

In value terms, butene and isomers thereof production expanded to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 23%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Butene (Butylene) And Isomers Thereof

Exports in Latin America and the Caribbean

Butene and isomers thereof exports contracted slightly to X tons in 2021, shrinking by -3.9% on the previous year's figure. Overall, exports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2013 when exports increased by 249% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, butene and isomers thereof exports stood at $X in 2021. In general, exports, however, showed a slight increase. The most prominent rate of growth was recorded in 2013 when exports increased by 286%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil was the largest exporting country with an export of about X tons, which amounted to 84% of total exports. It was distantly followed by Argentina (X tons), achieving a 16% share of total exports.

Exports from Brazil decreased at an average annual rate of -5.5% from 2012 to 2021. At the same time, Argentina (+24.7%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +24.7% from 2012-2021. While the share of Argentina (+15 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-14.7 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest butene and isomers thereof supplier in Latin America and the Caribbean, comprising 80% of total exports. The second position in the ranking was taken by Argentina ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Brazil was relatively modest.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, jumping by 15% against the previous year. Over the period under review, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 113% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Brazil stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.3%).

Imports of Butene (Butylene) And Isomers Thereof

Imports in Latin America and the Caribbean

In 2021, after two years of growth, there was significant decline in purchases abroad of butene (butylene) and isomers thereof, when their volume decreased by -64.3% to X tons. In general, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 when imports increased by 7.9% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, butene and isomers thereof imports dropped rapidly to $X in 2021. Over the period under review, imports faced a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 28% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Venezuela was the key importer of butene (butylene) and isomers thereof in Latin America and the Caribbean, with the volume of imports amounting to X tons, which was near 53% of total imports in 2021. Mexico (X tons) took the second position in the ranking, distantly followed by Argentina (X tons) and Brazil (X tons). All these countries together held approx. 45% share of total imports. Colombia (X tons) took a relatively small share of total imports.

Imports into Venezuela decreased at an average annual rate of -2.7% from 2012 to 2021. At the same time, Colombia (+57.0%) and Argentina (+48.4%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +57.0% from 2012-2021. By contrast, Mexico (-25.0%) and Brazil (-27.9%) illustrated a downward trend over the same period. Venezuela (+40 p.p.), Argentina (+14 p.p.) and Colombia (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Brazil and Mexico saw its share reduced by -17.2% and -38.7% from 2012 to 2021, respectively.

In value terms, Venezuela ($X) constitutes the largest market for imported butene (butylene) and isomers thereof in Latin America and the Caribbean, comprising 49% of total imports. The second position in the ranking was taken by Argentina ($X), with a 20% share of total imports. It was followed by Mexico, with a 20% share.

In Venezuela, butene and isomers thereof imports contracted by an average annual rate of -2.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+43.3% per year) and Mexico (-25.6% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of 21% against the previous year. Overall, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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