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

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

The New Zealand market for butanols (excluding butan-1-ol (n-butyl alcohol)) skyrocketed to $X in 2021, with an increase of 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a deep reduction. Butanols (excluding butan-1-ol (n-butyl alcohol)) consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

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

Exports from New Zealand

After two years of growth, overseas shipments of butanols (excluding butan-1-ol (n-butyl alcohol)) decreased by -17.9% to X kg in 2021. Overall, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 79%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports shrank to $X in 2021. In general, exports continue to indicate a dramatic descent. The growth pace was the most rapid in 2016 when exports increased by 68%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Fiji (X kg) and Tonga (X kg) were the main destinations of butanols (excluding butan-1-ol (n-butyl alcohol)) exports from New Zealand.

From 2012 to 2021, the biggest increases were in Tonga (with a CAGR of -30.5%).

In value terms, Fiji ($X) and Tonga ($X) constituted the largest markets for butanols (excluding butan-1-ol (n-butyl alcohol)) exported from New Zealand worldwide.

Tonga, with a CAGR of -23.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, rising by 7.3% against the previous year. In general, the export price recorded a buoyant increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 89% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Fiji ($X per ton), while the average price for exports to Tonga totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+11.8%).

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

Imports into New Zealand

In 2021, supplies from abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 70% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by 105% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports stood at $X in 2021. Over the period under review, imports, however, saw a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 108%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to New Zealand, with a 51% share of total imports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) imports from Thailand exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. Malaysia (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand totaled +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-19.4% per year) and Malaysia (-24.3% per year).

In value terms, the largest butanols (excluding butan-1-ol (n-butyl alcohol)) suppliers to New Zealand were Thailand ($X), Singapore ($X) and South Africa ($X), with a combined 63% share of total imports. These countries were followed by China, Malaysia, the Philippines, Taiwan (Chinese) and South Korea, which together accounted for a further 31%.

The Philippines, with a CAGR of +15.7%, saw the highest growth rate of 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

In 2021, the average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, declining by -39% against the previous year. In general, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 36% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 the Philippines ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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