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

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

The Spanish market for butanols (excluding butan-1-ol (n-butyl alcohol)) reduced to $X in 2021, dropping by -7.6% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

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

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production dropped markedly to $X in 2021 estimated in export price. Over the period under review, the total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +31.8% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of 54%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

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

Exports from Spain

In 2021, shipments abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) decreased by -11% to X tons, falling for the fourth year in a row after three years of growth. In general, exports, however, continue to indicate mild growth. The most prominent rate of growth was recorded in 2015 when exports increased by 60% 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 fell to $X in 2021. Over the period under review, exports, however, recorded a noticeable increase. The pace of growth was the most pronounced in 2017 with an increase of 93%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Morocco (X tons), Portugal (X tons) and France (X tons) were the main destinations of butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Spain, together comprising 80% of total exports. Colombia, Switzerland, Hungary and Slovakia lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the biggest increases were in Switzerland (with a CAGR of +105.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Morocco ($X) and Switzerland ($X) constituted the largest markets for butanols (excluding butan-1-ol (n-butyl alcohol)) exported from Spain worldwide, together comprising 59% of total exports.

Among the main countries of destination, Switzerland, with a CAGR of +91.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, growing by 9.2% against the previous year. In general, the export price enjoyed a tangible increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 99%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Morocco ($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 Portugal (+5.8%), while the prices for the other major destinations experienced a decline.

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

Imports into Spain

Butanols (excluding butan-1-ol (n-butyl alcohol)) imports into Spain skyrocketed to X tons in 2021, growing by 33% compared with 2020. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports skyrocketed to $X in 2021. Overall, imports enjoyed mild growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), France (X tons) and Belgium (X tons) were the main suppliers of butanols (excluding butan-1-ol (n-butyl alcohol)) imports to Spain, together accounting for 83% of total imports. Poland and the Netherlands lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +104.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest butanols (excluding butan-1-ol (n-butyl alcohol)) suppliers to Spain were Germany ($X), France ($X) and Belgium ($X), with a combined 85% share of total imports. These countries were followed by Poland and the Netherlands, which together accounted for a further 13%.

Among the main suppliers, Poland, with a CAGR of +122.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2021, with an increase of 18% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Belgium ($X per ton) and Germany ($X per ton), while the price for Poland ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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