U.S.: Butanol Market 2024

Butanol Market Size in the U.S.

In 2022, the U.S. butanol market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw a relatively flat trend pattern. Butanol consumption peaked in 2022 and is expected to retain growth in the near future.

Butanol Production in the U.S.

In value terms, butanol production fell slightly to $X in 2022. Over the period under review, production continues to indicate a perceptible downturn. The growth pace was the most rapid in 2018 when the production volume increased by X%. Butanol production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Butanol Exports

Exports from the U.S.

After three years of decline, shipments abroad of butanol increased by X% to X tons in 2022. In general, exports, however, continue to indicate a abrupt decrease. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, butanol exports skyrocketed to $X in 2022. Overall, exports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X tons), Mexico (X tons) and Germany (X tons) were the main destinations of butanol exports from the United States, together comprising X% of total exports. Colombia, Belgium, India, South Korea, Brazil, Singapore, China, Argentina, Canada and Guatemala lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for butanol exported from the United States were Germany ($X), Mexico ($X) and Belgium ($X), together comprising X% of total exports. Chile, Colombia, India, Canada, Brazil, South Korea, Singapore, China, Argentina and Guatemala lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Guatemala, with a CAGR of X%, saw 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

The average butanol export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price recorded a mild shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

Butanol Imports

Imports into the U.S.

In 2022, purchases abroad of butanol increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, butanol imports skyrocketed to $X in 2022. Overall, imports enjoyed a pronounced increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of butanol to the United States, accounting for a X% share of total imports. Moreover, butanol imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), more than tenfold. The third position in this ranking was held by South Africa (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and South Africa (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of butanol to the United States, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the average butanol import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price saw a slight contraction. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 the UK ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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