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

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

In 2022, the Southeast Asian butan-1-ol (n-butyl alcohol) market decreased by -0.6% to $X for the first time since 2015, thus ending a six-year rising trend. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +98.6% against 2015 indices. The level of consumption peaked at $X in 2021, and then fell in the following year.

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

In value terms, butan-1-ol (n-butyl alcohol) production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 20% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the near future.

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

Exports in South-Eastern Asia

In 2022, the amount of butan-1-ol (n-butyl alcohol) exported in South-Eastern Asia shrank to X tons, dropping by -11% against the previous year's figure. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 30%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, butan-1-ol (n-butyl alcohol) exports contracted dramatically to $X in 2022. In general, exports recorded a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 103% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Malaysia (X tons) represented the key exporter of butan-1-ol (n-butyl alcohol), making up 85% of total exports. It was distantly followed by the Philippines (X tons), making up a 12% share of total exports. Singapore (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to butan-1-ol (n-butyl alcohol) exports from Malaysia stood at -6.2%. The Philippines experienced a relatively flat trend pattern. Singapore (-24.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines and Malaysia increased by +12 and +5.4 percentage points, respectively.

In value terms, Malaysia ($X) remains the largest butan-1-ol (n-butyl alcohol) supplier in South-Eastern Asia, comprising 84% of total exports. The second position in the ranking was held by the Philippines ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Malaysia totaled -7.5%. In the other countries, the average annual rates were as follows: the Philippines (0.0% per year) and Singapore (-23.1% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, reducing by -18.1% against the previous year. Overall, the export price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2021 an increase of 69%. As a result, the export price attained the peak level of $X per ton, and then reduced sharply in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.0%).

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

Imports in South-Eastern Asia

In 2022, the amount of butan-1-ol (n-butyl alcohol) imported in South-Eastern Asia declined significantly to X tons, falling by -29.6% on the previous year. Over the period under review, imports saw a mild reduction. The growth pace was the most rapid in 2021 when imports increased by 168%. As a result, imports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, butan-1-ol (n-butyl alcohol) imports contracted markedly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 229%. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, Singapore (X tons) and Indonesia (X tons) represented the main importers of butan-1-ol (n-butyl alcohol) in South-Eastern Asia, together constituting 74% of total imports. It was distantly followed by Thailand (X tons), comprising a 20% share of total imports. Vietnam (X tons) and the Philippines (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +9.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Indonesia ($X), Singapore ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 94% of total imports. Vietnam and the Philippines lagged somewhat behind, together comprising a further 5.5%.

Vietnam, with a CAGR of +9.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, with an increase of 14% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butan-1-ol (n-butyl alcohol) import price increased by +140.4% against 2016 indices. The pace of growth was the most pronounced in 2017 when the import price increased by 31% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Singapore ($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 Philippines (+8.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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