MENA: Butanol Market 2024

Butanol Market Size in MENA

In 2022, the MENA's butanol market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Butanol Production in MENA

In value terms, butanol production shrank slightly to $X in 2022 estimated in export price. In general, production, however, posted a temperate expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Butanol Exports

Exports in MENA

In 2022, shipments abroad of butanol decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, butanol exports fell remarkably to $X in 2022. In general, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The level of export peaked at $X in 2021, and then plummeted in the following year.

Exports by Country

Saudi Arabia was the major exporter of butanol in MENA, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. The United Arab Emirates (X tons) held the second position in the ranking, distantly followed by Oman (X tons) and Turkey (X tons). All these countries together took approx. X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest butanol supplying countries in MENA were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), together accounting for X% of total exports. Turkey lagged somewhat behind, comprising a further X%.

Turkey, with a CAGR of X%, recorded 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, showed a noticeable decline. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 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 (X%), while the other leaders experienced a decline in the export price figures.

Butanol Imports

Imports in MENA

Butanol imports dropped modestly to X tons in 2022, reducing by X% compared with the previous year's figure. In general, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, butanol imports shrank to $X in 2022. Overall, imports, however, posted a pronounced increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons) and Turkey (X tons) dominates imports structure, together making up X% of total imports. It was distantly followed by Egypt (X tons), committing an X% share of total imports. Iran (X tons) and Morocco (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Egypt ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Iran and Morocco lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform