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

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

The Malaysian market for butanols (excluding butan-1-ol (n-butyl alcohol)) contracted to $X in 2021, dropping by -12.1% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +40.5% against 2019 indices. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

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

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production totaled $X in 2021 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 97% against the previous year. Butanols (excluding butan-1-ol (n-butyl alcohol)) production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

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

Exports from Malaysia

In 2021, butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Malaysia rose rapidly to X tons, growing by 6.3% against 2020. Over the period under review, exports continue to indicate resilient growth. The growth pace was the most rapid in 2013 when exports increased by 134% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports skyrocketed to $X in 2021. In general, exports saw a prominent expansion. The growth pace was the most rapid in 2013 when exports increased by 92% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

South Korea (X tons), China (X tons) and India (X tons) were the main destinations of butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Malaysia, together comprising 87% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +75.3%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Thailand ($X) constituted the largest markets for butanols (excluding butan-1-ol (n-butyl alcohol)) exported from Malaysia worldwide, together accounting for 84% of total exports.

In terms of the main countries of destination, South Korea, with a CAGR of +60.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2021, surging by 59% against the previous year. Overall, the export price, however, recorded a noticeable slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Malaysia

In 2021, purchases abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 226% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt shrinkage. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports soared to $X in 2021. Overall, imports, however, saw a abrupt decline. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Singapore (X tons), Saudi Arabia (X tons) and Indonesia (X tons) were the main suppliers of butanols (excluding butan-1-ol (n-butyl alcohol)) imports to Malaysia, with a combined 77% share of total imports. Taiwan (Chinese), South Africa, Germany, China and South Korea lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +28.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest butanols (excluding butan-1-ol (n-butyl alcohol)) suppliers to Malaysia were Singapore ($X), Indonesia ($X) and Taiwan (Chinese) ($X), with a combined 76% share of total imports.

Taiwan (Chinese), with a CAGR of +20.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2021, increasing by 15% against the previous year. Overall, the import price, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 128%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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