Singapore: Butanol Market 2024

Butanol Market Size in Singapore

The Singaporean butanol market expanded rapidly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption showed a resilient increase. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Butanol Production in Singapore

In value terms, butanol production soared to $X in 2022 estimated in export price. In general, production recorded a buoyant expansion. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Butanol Exports

Exports from Singapore

In 2022, after two years of growth, there was significant decline in shipments abroad of butanol, when their volume decreased by X% to X tons. Overall, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, butanol exports reduced dramatically to $X in 2022. Over the period under review, exports recorded a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons), Vietnam (X tons) and Indonesia (X tons) were the main destinations of butanol exports from Singapore, together comprising X% of total exports. Bangladesh, Malaysia, Brunei Darussalam, Myanmar, New Zealand, Sri Lanka, Thailand, India and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Brunei Darussalam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for butanol exported from Singapore were Australia ($X), Vietnam ($X) and Indonesia ($X), with a combined X% share of total exports. Bangladesh, Malaysia, Brunei Darussalam, New Zealand, Sri Lanka, Myanmar, Thailand, India and China lagged somewhat behind, together comprising a further X%.

Brunei Darussalam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average butanol export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price saw notable growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to India ($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 Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Butanol Imports

Imports into Singapore

In 2022, approx. X tons of butanol were imported into Singapore; waning by X% against 2021 figures. In general, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then fell markedly in the following year.

In value terms, butanol imports contracted significantly to $X in 2022. Over the period under review, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then shrank sharply in the following year.

Imports by Country

Malaysia (X tons), South Africa (X tons) and China (X tons) were the main suppliers of butanol imports to Singapore, with a combined X% share 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 X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), South Africa ($X) and China ($X) constituted the largest butanol suppliers to Singapore, together comprising X% of total imports.

China, with a CAGR of X%, recorded the highest growth rate of 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 butanol import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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