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

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

The South African market for butanols (excluding butan-1-ol (n-butyl alcohol)) soared to $X in 2021, with an increase of 20% against the previous year. Overall, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +49.8% against 2017 indices. Butanols (excluding butan-1-ol (n-butyl alcohol)) consumption peaked in 2021 and is expected to retain growth in the immediate term.

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

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production declined slightly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 42% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

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

Exports from South Africa

In 2021, approx. X tons of butanols (excluding butan-1-ol (n-butyl alcohol)) were exported from South Africa; falling by -42.1% on 2020. In general, exports showed a deep contraction. The growth pace was the most rapid in 2019 with an increase of 93% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports dropped to $X in 2021. Overall, exports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 50% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from South Africa, with a 75% share of total exports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) exports to Belgium exceeded the volume sent to the second major destination, Singapore (X tons), fivefold. India (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium totaled +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-1.1% per year) and India (-4.2% per year).

In value terms, Belgium ($X) remains the key foreign market for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from South Africa, comprising 77% of total exports. The second position in the ranking was held by Singapore ($X), with a 16% share of total exports. It was followed by India, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value to Belgium totaled +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+0.3% per year) and India (-10.2% per year).

Export Prices by Country

The average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2021, growing by 60% against the previous year. Overall, the export price recorded a slight increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while the average price for exports to India ($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 (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into South Africa

In 2021, imports of butanols (excluding butan-1-ol (n-butyl alcohol)) into South Africa contracted significantly to X tons, dropping by -21.2% against 2020. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 536%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports reached $X in 2021. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 281% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to South Africa, with a 93% share of total imports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +116.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+22.7% per year) and China (-85.5% per year).

In value terms, the largest butanols (excluding butan-1-ol (n-butyl alcohol)) suppliers to South Africa were the United States ($X), India ($X) and China ($X), with a combined 98% share of total imports.

The United States, with a CAGR of +71.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2021, rising by 28% against the previous year. Overall, the import price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 57%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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