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

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

The Portuguese butan-1-ol (n-butyl alcohol) market declined significantly to $X in 2022, reducing by -33.6% 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 recorded a noticeable descent. Over the period under review, the market reached the peak level at $X in 2021, and then declined remarkably in the following year.

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

Exports from Portugal

In 2022, overseas shipments of butan-1-ol (n-butyl alcohol) increased by 35% to X tons, rising for the third year in a row after two years of decline. In general, exports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 633% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports surged to $X in 2022. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 863% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Angola (X tons) was the main destination for butan-1-ol (n-butyl alcohol) exports from Portugal, with a 92% share of total exports. Moreover, butan-1-ol (n-butyl alcohol) exports to Angola exceeded the volume sent to the second major destination, Kenya (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Angola totaled +32.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+39.2% per year) and Cabo Verde (+122.6% per year).

In value terms, Angola ($X) remains the key foreign market for butan-1-ol (n-butyl alcohol) exports from Portugal, comprising 95% of total exports. The second position in the ranking was taken by Kenya ($X), with a 3.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Angola amounted to +44.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+41.8% per year) and Cabo Verde (+104.5% per year).

Export Prices by Country

In 2022, the average butan-1-ol (n-butyl alcohol) export price amounted to $X per ton, growing by 18% against the previous year. In general, the export price enjoyed a prominent expansion. The growth pace was the most rapid in 2021 when the average export price increased by 60%. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cabo Verde ($X per ton), while the average price for exports to Kenya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Portugal

In 2022, approx. X tons of butan-1-ol (n-butyl alcohol) were imported into Portugal; with a decrease of -45.7% on the year before. In general, imports showed a perceptible contraction. The growth pace was the most rapid in 2017 with an increase of 93%. Over the period under review, imports hit record highs at X tons in 2021, and then fell markedly in the following year.

In value terms, butan-1-ol (n-butyl alcohol) imports dropped sharply to $X in 2022. Over the period under review, imports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 183%. Over the period under review, imports hit record highs at $X in 2021, and then dropped significantly in the following year.

Imports by Country

Spain (X tons), Belgium (X tons) and Russia (X tons) were the main suppliers of butan-1-ol (n-butyl alcohol) imports to Portugal, together comprising 72% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +83.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Belgium ($X) and Russia ($X) constituted the largest butan-1-ol (n-butyl alcohol) suppliers to Portugal, together comprising 74% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +70.5%, saw 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 average butan-1-ol (n-butyl alcohol) import price amounted to $X per ton, with an increase of 42% against the previous year. Over the period under review, the import price recorded temperate growth. The most prominent rate of growth was recorded in 2021 an increase of 64% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($X per ton) and the Czech Republic ($X per ton), while the price for Russia ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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