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

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

The SADC butan-1-ol (n-butyl alcohol) market soared to $X in 2022, growing by 31% against the previous year. Overall, consumption recorded buoyant growth. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Butan-1-Ol (N-Butyl Alcohol) Production in SADC

In value terms, butan-1-ol (n-butyl alcohol) production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 24% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports in SADC

In 2022, overseas shipments of butan-1-ol (n-butyl alcohol) decreased by -22.8% to X tons, falling for the second year in a row after two years of growth. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 21%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports declined to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 89%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

The shipments of the one major exporters of butan-1-ol (n-butyl alcohol), namely South Africa, represented more than two-thirds of total export.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of butan-1-ol (n-butyl alcohol). The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest butan-1-ol (n-butyl alcohol) supplier in SADC.

In South Africa, butan-1-ol (n-butyl alcohol) exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, growing by 10% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 93%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +0.9% per year.

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

Imports in SADC

In 2022, butan-1-ol (n-butyl alcohol) imports in SADC skyrocketed to X tons, jumping by 63% against the year before. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 118%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, butan-1-ol (n-butyl alcohol) imports surged to $X in 2022. Overall, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 121% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

South Africa represented the largest importer of butan-1-ol (n-butyl alcohol) in SADC, with the volume of imports finishing at X tons, which was near 58% of total imports in 2022. Tanzania (X tons) took the second position in the ranking, distantly followed by Zambia (X tons) and Democratic Republic of the Congo (X tons). All these countries together held approx. 28% share of total imports. The following importers - Zimbabwe (X tons), Angola (X tons) and Mauritius (X tons) - together made up 11% of total imports.

South Africa was also the fastest-growing in terms of the butan-1-ol (n-butyl alcohol) imports, with a CAGR of +77.8% from 2012 to 2022. At the same time, Democratic Republic of the Congo (+37.9%), Tanzania (+26.8%), Angola (+25.2%), Zambia (+17.2%) and Mauritius (+7.5%) displayed positive paces of growth. By contrast, Zimbabwe (-5.3%) illustrated a downward trend over the same period. South Africa (+57 p.p.), Tanzania (+6.7 p.p.) and Democratic Republic of the Congo (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while Zambia, Mauritius and Zimbabwe saw its share reduced by -1.9%, -7.4% and -44.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported butan-1-ol (n-butyl alcohol) in SADC, comprising 60% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 13% share of total imports. It was followed by Angola, with a 6.8% share.

In South Africa, butan-1-ol (n-butyl alcohol) imports increased at an average annual rate of +43.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (+22.8% per year) and Angola (+29.4% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2016 an increase of 81%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Angola ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (+3.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform