Luxembourg: Market for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) 2024

Market Size for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Luxembourg

The Luxembourg market for butanols (excluding butan-1-ol (n-butyl alcohol)) rose to $X in 2021, with an increase of 3.3% against the previous year. Overall, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.3% against 2019 indices. Butanols (excluding butan-1-ol (n-butyl alcohol)) consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Luxembourg

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production rose slightly to $X in 2021 estimated in export price. In general, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.4% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 66%. Butanols (excluding butan-1-ol (n-butyl alcohol)) production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Exports from Luxembourg

In 2019, overseas shipments of butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 656% to X tons for the first time since 2016, thus ending a two-year declining trend. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2014 with an increase of 1,500%. The exports peaked in 2019 and are expected to retain growth in years to come.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports surged to $X in 2019. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 791% against the previous year. Over the period under review, the exports hit record highs in 2019 and are likely to see steady growth in years to come.

Exports by Country

Austria (X kg) was the main destination for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Luxembourg, accounting for a 70% share of total exports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) exports to Austria exceeded the volume sent to the second major destination, Germany (X kg), threefold.

From 2012 to 2019, the average annual growth rate of volume to Austria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+151.7% per year) and the Netherlands (-0.5% per year).

In value terms, Austria ($X) emerged as the key foreign market for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Luxembourg, comprising 67% of total exports. The second position in the ranking was held by Germany ($X), with a 32% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to Austria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+79.5% per year) and the Netherlands (-25.6% per year).

Export Prices by Country

The average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2019, with a decrease of -38.4% against the previous year. In general, the export price faced a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 46% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2019, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-25.3%).

Imports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Imports into Luxembourg

In 2021, overseas purchases of butanols (excluding butan-1-ol (n-butyl alcohol)) decreased by -63.7% to X kg for the first time since 2017, thus ending a three-year rising trend. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 154% against the previous year. Over the period under review, imports attained the peak figure at X kg in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports shrank notably to $X in 2021. Overall, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 495%. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

In 2021, the Netherlands (X kg) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to Luxembourg, with a 70% share of total imports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled +41.7%.

In value terms, the Netherlands ($X) and France ($X) were the largest butanols (excluding butan-1-ol (n-butyl alcohol)) suppliers to Luxembourg.

The Netherlands, with a CAGR of +33.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2021, growing by 22% against the previous year. Overall, the import price posted a buoyant increase. The pace of growth was the most pronounced in 2020 an increase of 340% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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