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

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

In 2022, after two years of growth, there was significant decline in the Thai butan-1-ol (n-butyl alcohol) market, when its value decreased by -7.7% to $X. Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 +7.6% against 2018 indices. As a result, consumption reached the peak level of $X, and then declined in the following year.

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

In value terms, butan-1-ol (n-butyl alcohol) production stood at $X in 2022 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 24%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports from Thailand

In 2022, butan-1-ol (n-butyl alcohol) exports from Thailand fell sharply to X tons, declining by -80.8% compared with 2021. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 810% against the previous year. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, butan-1-ol (n-butyl alcohol) exports reduced remarkably to $X in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 560%. As a result, the exports attained the peak of $X, and then shrank notably in the following year.

Exports by Country

Vietnam (X tons) was the main destination for butan-1-ol (n-butyl alcohol) exports from Thailand, with a 71% share of total exports. Moreover, butan-1-ol (n-butyl alcohol) exports to Vietnam exceeded the volume sent to the second major destination, Indonesia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam totaled +96.6%.

In value terms, Vietnam ($X) remains the key foreign market for butan-1-ol (n-butyl alcohol) exports from Thailand, comprising 63% of total exports. The second position in the ranking was held by Indonesia ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Vietnam amounted to +79.3%.

Export Prices by Country

The average butan-1-ol (n-butyl alcohol) export price stood at $X per ton in 2022, jumping by 30% against the previous year. Overall, the export price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 68% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Vietnam stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-1.3%).

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

Imports into Thailand

After two years of growth, overseas purchases of butan-1-ol (n-butyl alcohol) decreased by -27.8% to X tons in 2022. In general, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 172%. As a result, imports reached the peak of X tons, and then fell markedly in the following year.

In value terms, butan-1-ol (n-butyl alcohol) imports declined rapidly to $X in 2022. Over the period under review, imports, however, recorded a notable expansion. The pace of growth appeared the most rapid in 2021 with an increase of 213% against the previous year. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest butan-1-ol (n-butyl alcohol) supplier to Thailand, with a 72% share of total imports. Moreover, butan-1-ol (n-butyl alcohol) imports from Malaysia exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia totaled +2.7%.

In value terms, Malaysia ($X) constituted the largest supplier of butan-1-ol (n-butyl alcohol) to Thailand, comprising 70% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Malaysia stood at +2.3%.

Import Prices by Country

The average butan-1-ol (n-butyl alcohol) import price stood at $X per ton in 2022, waning by -13.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 39% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Malaysia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+12.7%).

Source: IndexBox Platform

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