Global Buta-1,3-Diene And Isoprene Market 2024

Buta-1,3-Diene And Isoprene Market Size

The global buta-1,3-diene and isoprene market soared to $X in 2022, increasing by 117% against the previous year. Over the period under review, consumption, however, enjoyed prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Buta-1,3-Diene And Isoprene Production

In value terms, buta-1,3-diene and isoprene production declined modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 29% against the previous year. Global production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Buta-1,3-Diene And Isoprene Exports

Exports

In 2022, approx. X tons of buta-1,3-diene and isoprene were exported worldwide; falling by -7.8% compared with 2021 figures. In general, exports saw a pronounced slump. The most prominent rate of growth was recorded in 2017 when exports increased by 20%. Over the period under review, the global exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, buta-1,3-diene and isoprene exports reduced modestly to $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 70%. Over the period under review, the global exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the Netherlands (X tons), distantly followed by South Korea (X tons), Germany (X tons), Brazil (X tons), Singapore (X tons), India (X tons), China (X tons) and Belgium (X tons) represented the largest exporters of buta-1,3-diene and isoprene, together generating 76% of total exports. The following exporters - Taiwan (Chinese) (X tons), Iran (X tons), the United States (X tons), Hungary (X tons) and Thailand (X tons) - together made up 14% of total exports.

From 2012 to 2022, average annual rates of growth with regard to buta-1,3-diene and isoprene exports from the Netherlands stood at -3.6%. At the same time, Hungary (+20.1%), Belgium (+10.8%), Brazil (+3.8%), China (+2.9%) and Taiwan (Chinese) (+1.3%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.1% from 2012-2022. By contrast, Singapore (-1.0%), South Korea (-1.5%), the United States (-2.8%), Thailand (-3.0%), Iran (-3.4%), India (-4.2%) and Germany (-4.7%) illustrated a downward trend over the same period. Brazil (+3.9 p.p.), Belgium (+3.6 p.p.), China (+2.3 p.p.) and Hungary (+2 p.p.) significantly strengthened its position in terms of the global exports, while Germany and the Netherlands saw its share reduced by -2.7% and -3.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest buta-1,3-diene and isoprene supplier worldwide, comprising 24% of global exports. The second position in the ranking was taken by South Korea ($X), with a 12% share of global exports. It was followed by Germany, with a 10% share.

In the Netherlands, buta-1,3-diene and isoprene exports contracted by an average annual rate of -4.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-8.0% per year) and Germany (-9.5% per year).

Export Prices by Country

The average buta-1,3-diene and isoprene export price stood at $X per ton in 2022, picking up by 6% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+9.6%), while the other global leaders experienced a decline in the export price figures.

Buta-1,3-Diene And Isoprene Imports

Imports

In 2022, global buta-1,3-diene and isoprene imports reduced dramatically to X tons, dropping by -21.3% against 2021 figures. Over the period under review, imports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 16%. Over the period under review, global imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, buta-1,3-diene and isoprene imports declined to $X in 2022. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 71%. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of buta-1,3-diene and isoprene imports in 2022 were the United States (X tons), France (X tons), South Korea (X tons), Taiwan (Chinese) (X tons) and China (X tons), together resulting at 61% of total import. It was distantly followed by Japan (X tons), the Netherlands (X tons) and Poland (X tons), together generating a 15% share of total imports. Malaysia (X tons), the Czech Republic (X tons), the UK (X tons), Germany (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Czech Republic (with a CAGR of +17.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest buta-1,3-diene and isoprene importing markets worldwide were the United States ($X), France ($X) and South Korea ($X), with a combined 46% share of global imports. Malaysia, China, Taiwan (Chinese), Japan, Poland, the Netherlands, the Czech Republic, the UK, Germany and Belgium lagged somewhat behind, together comprising a further 46%.

The Czech Republic, with a CAGR of +12.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the average buta-1,3-diene and isoprene import price amounted to $X per ton, with an increase of 8.8% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2017 an increase of 48% against the previous year. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-2.1%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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