Report Update Nov 1, 2024

Serbia - Butan-1-Ol (N-Butyl Alcohol) - Market Analysis, Forecast, Size, Trends and Insights

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

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

The Serbian butan-1-ol (n-butyl alcohol) market was estimated at $X in 2022, increasing by 10% 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). Overall, consumption continues to indicate a resilient increase. Butan-1-ol (n-butyl alcohol) consumption peaked in 2022 and is expected to retain growth in the near future.

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

Exports from Serbia

In 2022, overseas shipments of butan-1-ol (n-butyl alcohol) decreased by -64.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by 1,590%. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell notably in the following year.

In value terms, butan-1-ol (n-butyl alcohol) exports dropped dramatically to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 1,218% against the previous year. The exports peaked at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Bosnia and Herzegovina (X tons) and North Macedonia (X tons) were the main destinations of butan-1-ol (n-butyl alcohol) exports from Serbia.

From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +8.9%).

In value terms, the largest markets for butan-1-ol (n-butyl alcohol) exported from Serbia were North Macedonia ($X) and Bosnia and Herzegovina ($X).

In terms of the main countries of destination, North Macedonia, with a CAGR of +14.9%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average butan-1-ol (n-butyl alcohol) export price amounted to $X per ton, picking up by 23% against the previous year. Overall, the export price showed moderate growth. The most prominent rate of growth was recorded in 2017 an increase of 58%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Bosnia and Herzegovina stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+16.3%).

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

Imports into Serbia

For the fourth year in a row, Serbia recorded growth in purchases abroad of butan-1-ol (n-butyl alcohol), which increased by 6.1% to X tons in 2022. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by 205% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, butan-1-ol (n-butyl alcohol) imports expanded significantly to $X in 2022. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 142% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to Serbia, with a 65% share of total imports. Moreover, butan-1-ol (n-butyl alcohol) imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (0.0% per year) and Germany (+5.1% per year).

In value terms, Russia ($X) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to Serbia, comprising 67% of total imports. The second position in the ranking was taken by Turkey ($X), with a 15% share of total imports. It was followed by Germany, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (0.0% per year) and Germany (+7.4% per year).

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 3.1% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 93% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the butan-1-ol (n-butyl alcohol) market in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20142230 - Butan-1-ol (n-butyl alcohol)

Country coverage:

Serbia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Serbia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023