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

Butan-1-Ol (N-Butyl Alcohol) Market Size in the Middle East

In 2022, after two years of growth, there was decline in the Middle Eastern butan-1-ol (n-butyl alcohol) market, when its value decreased by -4.3% to $X. The total consumption indicated a temperate expansion 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 +16.2% 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 the Middle East

In value terms, butan-1-ol (n-butyl alcohol) production dropped to $X in 2022 estimated in export price. In general, production, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2016 with an increase of 153% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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

Exports in the Middle East

In 2022, the amount of butan-1-ol (n-butyl alcohol) exported in the Middle East contracted significantly to X tons, which is down by -48.6% against the previous year's figure. Over the period under review, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 12,142%. The volume of export peaked 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 reduced sharply to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 6,895%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia represented the main exporting country with an export of about X tons, which resulted at 76% of total exports. It was distantly followed by Turkey (X tons), committing a 20% share of total exports. The United Arab Emirates (X tons) held a little share of total exports.

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 the Middle East, with a CAGR of +35.9% from 2012-2022. Turkey (+17 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia and the United Arab Emirates saw its share reduced by -2.3% and -3.3% from 2012 to 2022, respectively.

In value terms, Saudi Arabia ($X) remains the largest butan-1-ol (n-butyl alcohol) supplier in the Middle East, comprising 72% of total exports. The second position in the ranking was taken by Turkey ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia stood at +12.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+35.1% per year) and the United Arab Emirates (+6.3% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, increasing by 22% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 28%. Over the period under review, the export prices attained the peak figure 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 the Middle East

Butan-1-ol (n-butyl alcohol) imports dropped to X tons in 2022, waning by -11.3% on the previous year. Over the period under review, imports, however, enjoyed perceptible growth. The growth pace was the most rapid in 2014 when imports increased by 230%. The volume of import peaked 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 declined markedly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 273%. 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) dominates imports structure, together generating 80% of total imports. It was distantly followed by Iran (X tons), comprising a 9.8% share of total imports. Qatar (X tons), Oman (X tons) and Israel (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +62.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Iran ($X) constituted the countries with the highest levels of imports in 2022, with a combined 84% share of total imports.

Among the main importing countries, Iran, with a CAGR of +57.5%, recorded the highest rates of growth with regard to 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

In 2022, the import price in the Middle East amounted to $X per ton, with a decrease of -13.2% against the previous year. Over the period under review, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2018 an increase of 41%. The level of import peaked 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 Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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