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

Market Size for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Saudi Arabia

The Saudi market for butanols (excluding butan-1-ol (n-butyl alcohol)) contracted remarkably to $X in 2021, dropping by -39.5% against the previous year. Over the period under review, consumption showed a deep contraction. Butanols (excluding butan-1-ol (n-butyl alcohol)) consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Saudi Arabia

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production reduced notably to $X in 2021 estimated in export price. Over the period under review, production showed a pronounced reduction. The pace of growth was the most pronounced in 2020 with an increase of 106%. Butanols (excluding butan-1-ol (n-butyl alcohol)) production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

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

Exports from Saudi Arabia

After five years of growth, shipments abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) decreased by -1.4% to X tons in 2021. Over the period under review, exports, however, recorded prominent growth. The growth pace was the most rapid in 2014 with an increase of 113%. The exports peaked at X tons in 2020, and then contracted in the following year.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports reduced to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 105% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), China (X tons) and Egypt (X tons) were the main destinations of butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Saudi Arabia, together comprising 60% of total exports. India, Pakistan, Indonesia, Vietnam, Lebanon and Taiwan (Chinese) lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +191.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), China ($X) and Egypt ($X) were the largest markets for butanols (excluding butan-1-ol (n-butyl alcohol)) exported from Saudi Arabia worldwide, together comprising 59% of total exports. These countries were followed by India, Pakistan, Indonesia, Taiwan (Chinese), Vietnam and Lebanon, which together accounted for a further 34%.

In terms of the main countries of destination, Indonesia, with a CAGR of +183.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2021, with a decrease of -9.8% against the previous year. Overall, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2014 a decrease of -3.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Vietnam ($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 Indonesia (-2.7%), while the prices for the other major destinations experienced a decline.

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

Imports into Saudi Arabia

In 2019, approx. X tons of butanols (excluding butan-1-ol (n-butyl alcohol)) were imported into Saudi Arabia; leveling off at the previous year's figure. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,292%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2019, imports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports stood at $X in 2019. In general, imports posted a strong increase. The growth pace was the most rapid in 2013 with an increase of 1,038%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2019, imports failed to regain momentum.

Imports by Country

In 2019, Taiwan (Chinese) (X tons) constituted the largest butanols (excluding butan-1-ol (n-butyl alcohol)) supplier to Saudi Arabia, with a 82% 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, Germany (X tons), sixfold.

From 2012 to 2019, the average annual growth rate of volume from Taiwan (Chinese) amounted to +85.1%.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to Saudi Arabia, comprising 73% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports.

From 2012 to 2019, the average annual growth rate of value from Taiwan (Chinese) stood at +73.2%.

Import Prices by Country

The average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2019, approximately reflecting the previous year. Overall, the import price saw a deep setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 5.9% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2019, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was Germany ($X per ton), while the price for Taiwan (Chinese) amounted to $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Germany (-4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :