South Africa: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in South Africa

The South African butene and isomers thereof market was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Butene (Butylene) And Isomers Thereof in South Africa

In value terms, butene and isomers thereof production reached $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -24.9% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 52% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Butene (Butylene) And Isomers Thereof

Exports from South Africa

Butene and isomers thereof exports from South Africa surged to X tons in 2021, jumping by 21% on the previous year's figure. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 857%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, butene and isomers thereof exports dropped to $X in 2021. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 442% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Zimbabwe (X tons) was the main destination for butene and isomers thereof exports from South Africa, with a 88% share of total exports. Moreover, butene and isomers thereof exports to Zimbabwe exceeded the volume sent to the second major destination, Botswana (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Zimbabwe amounted to +83.1%.

In value terms, Zimbabwe ($X) emerged as the key foreign market for butene (butylene) and isomers thereof exports from South Africa, comprising 82% of total exports. The second position in the ranking was taken by Botswana ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Zimbabwe amounted to +98.6%.

Export Prices by Country

In 2021, the average butene and isomers thereof export price amounted to $X per ton, declining by -23.7% against the previous year. Overall, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 an increase of 71%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Botswana ($X per ton), while the average price for exports to Zimbabwe stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+22.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Butene (Butylene) And Isomers Thereof

Imports into South Africa

In 2021, approx. X tons of butene (butylene) and isomers thereof were imported into South Africa; increasing by 182% on the previous year's figure. Overall, imports, however, continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2018 when imports increased by 265%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, butene and isomers thereof imports surged to $X in 2021. Over the period under review, imports, however, recorded a sharp reduction. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest butene and isomers thereof supplier to South Africa, with a 87% share of total imports. Moreover, butene and isomers thereof imports from China exceeded the figures recorded by the second-largest supplier, the United States (X kg), ninefold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+43.7% per year) and the UK (-47.1% per year).

In value terms, China ($X), the UK ($X) and the United States ($X) constituted the largest butene and isomers thereof suppliers to South Africa.

Among the main suppliers, the United States, with a CAGR of +11.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average butene and isomers thereof import price amounted to $X per ton, growing by 83% against the previous year. Overall, the import price showed a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 149% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average 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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+33.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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