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

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

After two years of growth, the MENA's butan-1-ol (n-butyl alcohol) market decreased by -4.7% to $X in 2022. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +15.9% against 2019 indices. The level of consumption peaked at $X in 2021, and then declined slightly in the following year.

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

In value terms, butan-1-ol (n-butyl alcohol) production contracted to $X in 2022 estimated in export price. In general, production, however, enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 153%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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

Exports in MENA

Butan-1-ol (n-butyl alcohol) exports contracted dramatically to X tons in 2022, with a decrease of -48.2% against 2021 figures. Over the period under review, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 10,262% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, butan-1-ol (n-butyl alcohol) exports dropped significantly to $X in 2022. Overall, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2016 when exports increased by 5,796% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Saudi Arabia (X tons) was the key exporter of butan-1-ol (n-butyl alcohol), mixing up 75% of total exports. It was distantly followed by Turkey (X tons), mixing up a 20% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to butan-1-ol (n-butyl alcohol) exports from Saudi Arabia stood at +11.4%. At the same time, Turkey (+35.9%) and the United Arab Emirates (+4.7%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of +35.9% from 2012-2022. From 2012 to 2022, the share of Turkey increased by +17 percentage points.

In value terms, Saudi Arabia ($X) remains the largest butan-1-ol (n-butyl alcohol) supplier in MENA, comprising 71% of total exports. The second position in the ranking was held by Turkey ($X), with a 23% share of total exports.

In Saudi Arabia, butan-1-ol (n-butyl alcohol) exports expanded at an average annual rate of +12.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (+35.1% per year) and the United Arab Emirates (+6.3% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, picking up by 22% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 28%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.5%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in MENA

In 2022, approx. X tons of butan-1-ol (n-butyl alcohol) were imported in MENA; falling by -14.4% against the previous year's figure. Over the period under review, imports, however, continue to indicate tangible growth. The most prominent rate of growth was recorded in 2014 with an increase of 202% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, butan-1-ol (n-butyl alcohol) imports reduced remarkably to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 226%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons) and the United Arab Emirates (X tons) prevails in imports structure, together creating 73% of total imports. It was distantly followed by Iran (X tons) and Egypt (X tons), together achieving a 15% share of total imports. Qatar (X tons), Oman (X tons) and Israel (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iran (with a CAGR of +62.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest butan-1-ol (n-butyl alcohol) importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Egypt ($X), together accounting for 71% of total imports. Iran, Israel, Qatar and Oman lagged somewhat behind, together accounting for a further 22%.

Iran, with a CAGR of +57.5%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, reducing by -12.3% against the previous year. Over the period under review, the import price recorded a noticeable decline. The pace of growth was the most pronounced in 2018 when the import price increased by 40% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform