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

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

After two years of decline, the Asia-Pacific market for butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 39% to $X in 2021. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Asia-Pacific

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production shrank to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +3.3% against 2018 indices. The pace of growth was the most pronounced in 2015 with an increase of 44% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

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

Exports in Asia-Pacific

In 2021, after three years of growth, there was decline in overseas shipments of butanols (excluding butan-1-ol (n-butyl alcohol)), when their volume decreased by -2.8% to X tons. Total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 39% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports surged to $X in 2021. Total exports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +130.1% against 2017 indices. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia was the main exporter of butanols (excluding butan-1-ol (n-butyl alcohol)) in Asia-Pacific, with the volume of exports reaching X tons, which was near 59% of total exports in 2021. It was distantly followed by Thailand (X tons), China (X tons), Taiwan (Chinese) (X tons) and Indonesia (X tons), together constituting a 33% share of total exports. The following exporters - Japan (X tons) and India (X tons) - together made up 6.1% of total exports.

Exports from Malaysia increased at an average annual rate of +13.6% from 2012 to 2021. At the same time, Thailand (+21.2%), China (+16.8%), India (+13.7%) and Taiwan (Chinese) (+3.8%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +21.2% from 2012-2021. By contrast, Indonesia (-3.2%) and Japan (-11.7%) illustrated a downward trend over the same period. Malaysia (+33 p.p.), Thailand (+9.4 p.p.) and China (+5.8 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Japan saw its share reduced by -4.2% and -13.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest butanols (excluding butan-1-ol (n-butyl alcohol)) supplier in Asia-Pacific, comprising 47% of total exports. The second position in the ranking was taken by India ($X), with a 12% share of total exports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Malaysia totaled +9.7%. In the other countries, the average annual rates were as follows: India (+0.6% per year) and China (+11.6% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, with an increase of 55% against the previous year. Overall, the export price, however, saw a perceptible shrinkage. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.9%), while the other leaders experienced a decline in the export price figures.

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

Imports in Asia-Pacific

In 2021, supplies from abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 26% to X tons, rising for the fourth consecutive year after four years of decline. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports surged to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China was the key importer of butanols (excluding butan-1-ol (n-butyl alcohol)) in Asia-Pacific, with the volume of imports resulting at X tons, which was approx. 43% of total imports in 2021. South Korea (X tons) held the second position in the ranking, distantly followed by India (X tons). All these countries together held approx. 47% share of total imports. The following importers - Singapore (X tons), Thailand (X tons) and Indonesia (X tons) - together made up 6.6% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Korea (with a CAGR of +25.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, with a combined 87% share of total imports.

Among the main importing countries, South Korea, with a CAGR of +19.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, surging by 50% against the previous year. Over the period under review, the import price, however, saw a mild decrease. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Indonesia ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+2.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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