Vietnam: Market for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) 2024

Market Size for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Vietnam

In 2021, after two years of decline, there was significant growth in the Vietnamese market for butanols (excluding butan-1-ol (n-butyl alcohol)), when its value increased by 106% to $X. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

Exports from Vietnam

In 2021, shipments abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) decreased by -56.1% to X kg, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 with an increase of 674% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports shrank remarkably to $X in 2021. Overall, exports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2015 with an increase of 1,563%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The Philippines (X kg) was the main destination for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Vietnam, with a 92% share of total exports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) exports to the Philippines exceeded the volume sent to the second major destination, Cambodia (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Philippines totaled -20.1%.

In value terms, the Philippines ($X) remains the key foreign market for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Vietnam, comprising 82% of total exports. The second position in the ranking was held by Cambodia ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Philippines stood at -3.9%.

Export Prices by Country

In 2021, the average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, surging by 44% against the previous year. In general, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2015 an increase of 115% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Cambodia ($X per ton), while the average price for exports to the Philippines totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+20.2%).

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

Imports into Vietnam

In 2021, after two years of decline, there was significant growth in overseas purchases of butanols (excluding butan-1-ol (n-butyl alcohol)), when their volume increased by 72% to X tons. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2018; however, from 2019 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. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest butanols (excluding butan-1-ol (n-butyl alcohol)) supplier to Vietnam, with a 44% share of total imports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+99.6% per year) and Saudi Arabia (+48.4% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to Vietnam, comprising 48% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 12% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) amounted to +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-2.7% per year) and South Korea (+93.3% 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 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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