United Arab Emirates: Market for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) 2024

Market Size for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in the United Arab Emirates

The market for butanols (excluding butan-1-ol (n-butyl alcohol)) in the United Arab Emirates soared to $X in 2021, with an increase of 61% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a strong increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

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

Exports from the United Arab Emirates

In 2021, approx. X tons of butanols (excluding butan-1-ol (n-butyl alcohol)) were exported from the United Arab Emirates; shrinking by -2.3% compared with 2020 figures. In general, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 75%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports soared to $X in 2021. Over the period under review, exports, however, saw a tangible increase. The pace of growth appeared the most rapid in 2018 with an increase of 68%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

India (X tons), Nigeria (X tons) and Egypt (X tons) were the main destinations of butanols (excluding butan-1-ol (n-butyl alcohol)) exports from the United Arab Emirates, together accounting for 94% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of +90.2%), while the other leaders experienced mixed trend patterns.

In value terms, India ($X) emerged as the key foreign market for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from the United Arab Emirates, comprising 61% of total exports. The second position in the ranking was held by Nigeria ($X), with a 29% share of total exports. It was followed by Egypt, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +37.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+50.7% per year) and Egypt (-15.3% per year).

Export Prices by Country

In 2021, the average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, jumping by 35% against the previous year. Over the period under review, the export price, however, recorded a noticeable setback. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 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 India ($X per ton), while the average price for exports to Pakistan ($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 Egypt (+2.3%), while the prices for the other major destinations experienced a decline.

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

Imports into the United Arab Emirates

Butanols (excluding butan-1-ol (n-butyl alcohol)) imports into the United Arab Emirates amounted to X tons in 2021, with an increase of 14% against the year before. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 329% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports soared to $X in 2021. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 200% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Saudi Arabia (X tons) was the main supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to the United Arab Emirates, with a 91% share of total imports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia amounted to +117.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-34.2% per year) and China (+340.2% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to the United Arab Emirates, comprising 89% of total imports. The second position in the ranking was held by Russia ($X), with a 4.2% share of total imports. It was followed by China, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia amounted to +110.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-12.2% per year) and China (+403.2% per year).

Import Prices by Country

The average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2021, picking up by 75% against the previous year. In general, the import price, however, saw a perceptible descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+33.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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