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

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

The South African butan-1-ol (n-butyl alcohol) market soared to $X in 2022, picking up by 113% against the previous year. In general, consumption saw buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Butan-1-Ol (N-Butyl Alcohol) Production in South Africa

In value terms, butan-1-ol (n-butyl alcohol) production reached $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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

Exports from South Africa

In 2022, shipments abroad 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. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 21%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 89% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Belgium (X tons) was the main destination for butan-1-ol (n-butyl alcohol) exports from South Africa, with a 43% share of total exports. Moreover, butan-1-ol (n-butyl alcohol) exports to Belgium exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by India (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-8.3% per year) and India (+3.9% per year).

In value terms, Belgium ($X) remains the key foreign market for butan-1-ol (n-butyl alcohol) exports from South Africa, comprising 55% of total exports. The second position in the ranking was taken by India ($X), with a 9.2% share of total exports. It was followed by China, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to Belgium totaled +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+2.9% per year) and China (-11.5% per year).

Export Prices by Country

In 2022, the average butan-1-ol (n-butyl alcohol) export price amounted to $X per ton, surging by 10% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 93%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to China ($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 Belgium (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into South Africa

In 2022, imports of butan-1-ol (n-butyl alcohol) into South Africa soared to X tons, growing by 198% against the previous year's figure. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by 813% 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 surged to $X in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 375%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, France (X tons) was the main supplier of butan-1-ol (n-butyl alcohol) to South Africa, with a 91% share of total imports. Moreover, butan-1-ol (n-butyl alcohol) imports from France exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to +165.5%.

In value terms, France ($X) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to South Africa, comprising 91% of total imports. The second position in the ranking was taken by the United States ($X), with a 3.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from France stood at +141.7%.

Import Prices by Country

The average butan-1-ol (n-butyl alcohol) import price stood at $X per ton in 2022, picking up by 6.3% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The growth pace was the most rapid in 2016 an increase of 561% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+15.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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