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

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

The Spanish butan-1-ol (n-butyl alcohol) market declined to $X in 2022, shrinking by -5.5% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Butan-1-Ol (N-Butyl Alcohol) Production in Spain

In value terms, butan-1-ol (n-butyl alcohol) production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 38% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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

Exports from Spain

In 2022, approx. X tons of butan-1-ol (n-butyl alcohol) were exported from Spain; waning by -21.1% on 2021 figures. Over the period under review, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 31%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports declined to $X in 2022. In general, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.8% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 71% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Portugal (X tons) was the main destination for butan-1-ol (n-butyl alcohol) exports from Spain, with a 49% share of total exports. Moreover, butan-1-ol (n-butyl alcohol) exports to Portugal exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was taken by Egypt (X tons), with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal totaled -7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-3.1% per year) and Egypt (+93.1% per year).

In value terms, Portugal ($X) emerged as the key foreign market for butan-1-ol (n-butyl alcohol) exports from Spain, comprising 40% of total exports. The second position in the ranking was held by France ($X), with a 17% share of total exports. It was followed by Switzerland, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal amounted to -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.4% per year) and Switzerland (+63.9% per year).

Export Prices by Country

In 2022, the average butan-1-ol (n-butyl alcohol) export price amounted to $X per ton, rising by 20% against the previous year. In general, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 124%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Italy ($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 France (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Spain

In 2022, the amount of butan-1-ol (n-butyl alcohol) imported into Spain dropped significantly to X tons, with a decrease of -32.7% against the year before. Overall, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by 147% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, butan-1-ol (n-butyl alcohol) imports dropped dramatically to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 209% against the previous year. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest butan-1-ol (n-butyl alcohol) supplier to Spain, accounting for a 57% share of total imports. Moreover, butan-1-ol (n-butyl alcohol) imports from France exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+412.2% per year) and the Netherlands (+54.6% per year).

In value terms, France ($X) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to Spain, comprising 52% of total imports. The second position in the ranking was taken by Poland ($X), with a 22% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+311.0% per year) and the Netherlands (+49.8% per year).

Import Prices by Country

In 2022, the average butan-1-ol (n-butyl alcohol) import price amounted to $X per ton, increasing by 7.8% against the previous year. Over the period under review, the import price enjoyed measured growth. The growth pace was the most rapid in 2017 when the average import price increased by 82% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Germany ($X per ton), while the price for France ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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