Spain: Market for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function 2024

Market Size for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Spain

The Spanish market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function surged to $X in 2022, with an increase of 20% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.3% 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 +54.1% against 2014 indices. Butanal butanal and acyclic aldehydes consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Spain

In value terms, butanal butanal and acyclic aldehydes production rose remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 22%. Over the period under review, production attained the peak level in 2022 and is likely to see gradual growth in the near future.

Exports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Exports from Spain

In 2022, overseas shipments of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function decreased by -3% to X tons, falling for the second year in a row after four years of growth. Overall, total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -4.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 28%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, butanal butanal and acyclic aldehydes exports expanded notably to $X in 2022. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +77.5% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Italy (X tons) and Germany (X tons) were the main destinations of butanal butanal and acyclic aldehydes exports from Spain, with a combined 38% share of total exports. Turkey, Indonesia, the UK, China, Brazil, the Netherlands, Switzerland, the United States, Colombia and Singapore lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +21.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Germany ($X) constituted the largest markets for butanal butanal and acyclic aldehydes exported from Spain worldwide, together comprising 34% of total exports. Switzerland, Brazil, the Netherlands, Turkey, the United States, Singapore, the UK, Indonesia, China and Colombia lagged somewhat behind, together accounting for a further 46%.

Colombia, with a CAGR of +19.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function amounted to $X per ton, picking up by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($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 Singapore (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Imports into Spain

In 2022, approx. X tons of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function were imported into Spain; with an increase of 2% on 2021. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -1.6% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 27% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, butanal butanal and acyclic aldehydes imports skyrocketed to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +108.6% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of butanal butanal and acyclic aldehydes to Spain, accounting for a 65% share of total imports. Moreover, butanal butanal and acyclic aldehydes imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. The third position in this ranking was taken by France (X tons), with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+9.1% per year) and France (+13.8% per year).

In value terms, Germany ($X) constituted the largest supplier of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function to Spain, comprising 37% of total imports. The second position in the ranking was taken by Japan ($X), with a 16% share of total imports. It was followed by France, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+8.5% per year) and France (+26.5% per year).

Import Prices by Country

The average import price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function stood at $X per ton in 2022, jumping by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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