U.S.: Market for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) 2024

Market Size for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in the U.S.

In 2021, the U.S. market for butanols (excluding butan-1-ol (n-butyl alcohol)) decreased by -4.9% to $X, falling for the second consecutive year after three years of growth. Overall, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -25.2% against 2019 indices. Butanols (excluding butan-1-ol (n-butyl alcohol)) consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in the U.S.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production rose markedly to $X in 2021. Overall, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.1% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 38% against the previous year. Butanols (excluding butan-1-ol (n-butyl alcohol)) production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

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

Exports from the U.S.

In 2021, shipments abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 35% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, showed a mild setback. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports skyrocketed to $X in 2021. Overall, exports, however, showed a perceptible slump. The pace of growth was the most pronounced in 2017 when exports increased by 44%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons), China (X tons) and Mexico (X tons) were the main destinations of butanols (excluding butan-1-ol (n-butyl alcohol)) exports from the United States, together accounting for 61% of total exports. Colombia, India, Peru, Germany, Belgium, Argentina, South Korea and Brazil lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +28.1%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and Chile ($X) appeared to be the largest markets for butanols (excluding butan-1-ol (n-butyl alcohol)) exported from the United States worldwide, together comprising 63% of total exports. These countries were followed by Colombia, India, Peru, Germany, Belgium, South Korea, Argentina and Brazil, which together accounted for a further 27%.

Among the main countries of destination, Peru, with a CAGR of +19.9%, 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, reducing by -4.2% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 33% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to Germany ($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 South Korea (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the U.S.

In 2021, overseas purchases of butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 22% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 70%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports surged to $X in 2021. Over the period under review, imports, however, saw a abrupt shrinkage. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to the United States, accounting for a 68% share of total imports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) imports from the UK exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. The third position in this ranking was held by China (X tons), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume from the UK amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+8.9% per year) and China (+6.2% per year).

In value terms, the UK ($X) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to the United States, comprising 73% of total imports. The second position in the ranking was held by Brazil ($X), with a 12% share of total imports. It was followed by China, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from the UK amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+1.4% per year) and China (+2.5% per year).

Import Prices by Country

In 2021, the average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, increasing by 13% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 29% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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