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

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

The Singaporean butan-1-ol (n-butyl alcohol) market surged to $X in 2022, with an increase of 18% against the previous year. Overall, consumption saw significant growth. Butan-1-ol (n-butyl alcohol) consumption peaked in 2022 and is expected to retain growth in the immediate term.

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

In value terms, butan-1-ol (n-butyl alcohol) production soared to $X in 2022 estimated in export price. In general, production saw strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 228%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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

Exports from Singapore

In 2022, after two years of growth, there was significant decline in overseas shipments of butan-1-ol (n-butyl alcohol), when their volume decreased by -89.1% to X tons. Over the period under review, exports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2013 when exports increased by 24% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports shrank markedly to $X in 2022. In general, exports faced a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 79%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons), Vietnam (X tons) and Bangladesh (X tons) were the main destinations of butan-1-ol (n-butyl alcohol) exports from Singapore, with a combined 74% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +6.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Australia ($X), Vietnam ($X) and Bangladesh ($X) constituted the largest markets for butan-1-ol (n-butyl alcohol) exported from Singapore worldwide, together accounting for 71% of total exports. Brunei Darussalam, Malaysia, Sri Lanka, Myanmar and Indonesia lagged somewhat behind, together comprising a further 20%.

Among the main countries of destination, Myanmar, with a CAGR of +10.8%, recorded the highest rates of growth with regard to 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 butan-1-ol (n-butyl alcohol) export price stood at $X per ton in 2022, surging by 43% against the previous year. Over the period under review, the export price continues to indicate a noticeable increase. The pace of growth was the most pronounced in 2021 an increase of 74% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Sri Lanka ($X per ton) and Myanmar ($X per ton), while the average price for exports to Australia ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Singapore

In 2022, the amount of butan-1-ol (n-butyl alcohol) imported into Singapore shrank markedly to X tons, with a decrease of -37.4% against 2021. In general, imports saw a noticeable downturn. The pace of growth was the most pronounced in 2021 when imports increased by 312% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, butan-1-ol (n-butyl alcohol) imports contracted significantly to $X in 2022. Overall, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 441% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), South Africa (X tons) and China (X tons) were the main suppliers of butan-1-ol (n-butyl alcohol) imports to Singapore, together accounting for 90% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +278.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest butan-1-ol (n-butyl alcohol) suppliers to Singapore were Malaysia ($X), South Africa ($X) and China ($X), together comprising 91% of total imports.

China, with a CAGR of +272.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, surging by 11% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 32%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+30.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :