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

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

In 2021, the Philippine market for butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 90% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a deep slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

Exports from the Philippines

In 2021, overseas shipments of butanols (excluding butan-1-ol (n-butyl alcohol)) decreased by -83.6% to X kg, falling for the second consecutive year after three years of growth. Over the period under review, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 157% against the previous year. The exports peaked 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 fell markedly to $X in 2021. In general, exports recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 93%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Qatar ($X), New Zealand ($X) and India ($X) appeared to be the largest markets for butanols (excluding butan-1-ol (n-butyl alcohol)) exported from the Philippines worldwide, with a combined 98% share of total exports.

In terms of the main countries of destination, Qatar, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, jumping by 16% against the previous year. In general, the export price, however, saw a deep downturn. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to Qatar ($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 India (+23.1%), while the prices for the other major destinations experienced a decline.

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

Imports into the Philippines

In 2021, supplies from abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 141% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a deep downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports rose sharply to $X in 2021. Overall, imports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 99% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest butanols (excluding butan-1-ol (n-butyl alcohol)) supplier to the Philippines, with a 83% share of total imports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), tenfold. The third position in this ranking was taken by Singapore (X tons), with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) totaled +78.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-29.6% per year) and Singapore (-0.3% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to the Philippines, comprising 49% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 5% share of total imports. It was followed by Singapore, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) totaled +60.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-28.9% per year) and Singapore (+6.5% per year).

Import Prices by Country

In 2021, the average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, falling by -53.9% against the previous year. Over the period under review, the import price, however, saw a strong expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 136% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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