United Kingdom: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in the UK

The UK butene and isomers thereof market totaled $X in 2021, approximately mirroring the previous year. Overall, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the market value increased by 6.9%. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Production of Butene (Butylene) And Isomers Thereof in the UK

In value terms, butene and isomers thereof production stood at $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 5.2% against the previous year. Over the period under review, production attained the peak level at $X in 2019; afterwards, it flattened through to 2021.

Exports of Butene (Butylene) And Isomers Thereof

Exports from the UK

In 2021, butene and isomers thereof exports from the UK contracted rapidly to X tons, with a decrease of -53.8% on the year before. In general, exports recorded a significant decrease. The pace of growth was the most pronounced in 2019 with an increase of 2,438%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, butene and isomers thereof exports shrank significantly to $X in 2021. Overall, exports continue to indicate a sharp reduction. The growth pace was the most rapid in 2019 when exports increased by 2,583% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for butene and isomers thereof exports from the UK, accounting for a 46% share of total exports. Moreover, butene and isomers thereof exports to Poland exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland totaled +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-56.1% per year) and the Netherlands (+20.1% per year).

In value terms, Poland ($X) emerged as the key foreign market for butene (butylene) and isomers thereof exports from the UK, comprising 31% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by France, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland stood at -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-32.8% per year) and France (-46.6% per year).

Export Prices by Country

In 2021, the average butene and isomers thereof export price amounted to $X per ton, shrinking by -17.6% against the previous year. In general, the export price saw a perceptible decrease. The growth pace was the most rapid in 2016 an increase of 93% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Netherlands ($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 the United States (+53.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Butene (Butylene) And Isomers Thereof

Imports into the UK

In 2021, supplies from abroad of butene (butylene) and isomers thereof increased by 76% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a perceptible slump. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, butene and isomers thereof imports soared to $X in 2021. Over the period under review, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by 106% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X tons) constituted the largest butene and isomers thereof supplier to the UK, accounting for a 72% share of total imports. Moreover, butene and isomers thereof imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled -2.0%.

In value terms, Belgium ($X) constituted the largest supplier of butene (butylene) and isomers thereof to the UK, comprising 75% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Belgium amounted to -7.0%.

Import Prices by Country

In 2021, the average butene and isomers thereof import price amounted to $X per ton, waning by -3.2% against the previous year. Overall, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-5.1%).

Source: IndexBox Platform

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