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

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

The East European market for butanols (excluding butan-1-ol (n-butyl alcohol)) was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -11.5% against 2018 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Eastern Europe

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production dropped to $X in 2022 estimated in export price. Overall, production showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports in Eastern Europe

In 2022, approx. X tons of butanols (excluding butan-1-ol (n-butyl alcohol)) were exported in Eastern Europe; with a decrease of -28% compared with the previous year's figure. Overall, exports saw a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by 131% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports shrank sharply to $X in 2022. Over the period under review, exports recorded a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 257%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia dominates exports structure, finishing at X tons, which was approx. 96% of total exports in 2022. Romania (X tons) followed a long way behind the leaders.

Exports from Russia decreased at an average annual rate of -6.4% from 2012 to 2022. Romania (-2.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia increased by +13 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest butanols (excluding butan-1-ol (n-butyl alcohol)) supplier in Eastern Europe, comprising 92% of total exports. The second position in the ranking was taken by Romania ($X), with a 4.1% share of total exports.

In Russia, butanols (excluding butan-1-ol (n-butyl alcohol)) exports contracted by an average annual rate of -9.1% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, shrinking by -13.5% against the previous year. Over the period under review, the export price saw a pronounced decline. The pace of growth appeared the most rapid in 2021 an increase of 54% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Romania ($X per ton), while Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+0.5%).

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

Imports in Eastern Europe

In 2022, purchases abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) decreased by -8.6% to X tons, falling for the fourth year in a row after five years of growth. In general, imports showed a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of 78%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports reduced to $X in 2022. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 80% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belarus (X tons) was the major importer of butanols (excluding butan-1-ol (n-butyl alcohol)), mixing up 48% of total imports. Poland (X tons) ranks second in terms of the total imports with a 21% share, followed by the Czech Republic (7.6%), Ukraine (6.9%) and Hungary (4.6%). Romania (X tons) and Moldova (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to butanols (excluding butan-1-ol (n-butyl alcohol)) imports into Belarus stood at -2.4%. At the same time, Ukraine (+58.7%), Romania (+10.1%), Moldova (+7.9%) and the Czech Republic (+1.3%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +58.7% from 2012-2022. By contrast, Hungary (-2.1%) and Poland (-4.0%) illustrated a downward trend over the same period. Belarus (+17 p.p.), Ukraine (+6.8 p.p.), Poland (+5.1 p.p.), the Czech Republic (+4.2 p.p.), Romania (+3.5 p.p.) and Hungary (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest butanols (excluding butan-1-ol (n-butyl alcohol)) importing markets in Eastern Europe were Poland ($X), Belarus ($X) and the Czech Republic ($X), together comprising 65% of total imports. Romania, Ukraine, Hungary and Moldova lagged somewhat behind, together accounting for a further 23%.

Among the main importing countries, Ukraine, with a CAGR of +58.6%, recorded the highest growth rate of 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

In 2022, the import price in Eastern Europe amounted to $X per ton, rising by 7.9% against the previous year. Overall, the import price, however, showed a pronounced decrease. The growth pace was the most rapid in 2021 an increase of 30% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :