World - Butan-1-Ol (N-Butyl Alcohol) - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the projected downward trend in the butan-1-ol (n-butyl alcohol) market, with a forecasted decrease in consumption and market value. It covers a range of topics including the anticipated CAGR, fluctuations in global market trends, countries with the highest consumption and production volumes, changes in import and export patterns, and more. Detailed insights are provided on the market performance, consumption patterns, production volumes, value estimates, and future growth prospects in the global market for butan-1-ol (n-butyl alcohol).
Market Forecast
The butan-1-ol (n-butyl alcohol) market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.4% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 3.1M tons by the end of 2030.
In value terms, the market is forecast to contract with an anticipated CAGR of +2.2% for the period from 2022 to 2030, which is projected to bring the market value to $4.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Butan-1-Ol (N-Butyl Alcohol)
In 2022, consumption of butan-1-ol (n-butyl alcohol) decreased by -3.6% to 3.2M tons for the first time since 2015, thus ending a six-year rising trend. The total consumption volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at 3.3M tons in 2021, and then reduced in the following year.
The global butan-1-ol (n-butyl alcohol) market size reduced to $4.1B in 2022, waning by -7.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market reached the maximum level at $4.5B in 2021, and then shrank in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (607K tons), the United States (560K tons) and India (243K tons), with a combined 44% share of global consumption. Germany, Japan, Russia, Indonesia, the UK, Turkey, South Korea, South Africa, Italy and Iran lagged somewhat behind, together comprising a further 32%.
From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +12.7%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest butan-1-ol (n-butyl alcohol) markets worldwide were China ($814M), the United States ($513M) and India ($403M), with a combined 42% share of the global market. The UK, Germany, Japan, Indonesia, Iran, Russia, Turkey, Italy, South Korea and South Africa lagged somewhat behind, together accounting for a further 34%.
South Africa, with a CAGR of +10.8%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of butan-1-ol (n-butyl alcohol) per capita consumption in 2022 were Germany (2.1 kg per person), the United States (1.7 kg per person) and South Korea (1.4 kg per person).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by South Africa (with a CAGR of +11.2%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Butan-1-Ol (N-Butyl Alcohol)
Global butan-1-ol (n-butyl alcohol) production reduced modestly to 3.1M tons in 2022, falling by -1.5% compared with 2021. The total output volume increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 14% against the previous year. Global production peaked at 3.1M tons in 2021, and then contracted in the following year.
In value terms, butan-1-ol (n-butyl alcohol) production shrank to $3.5B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 26%. Global production peaked at $3.6B in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were the United States (587K tons), China (466K tons) and India (206K tons), together comprising 41% of global production.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by China (with a CAGR of +17.1%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Butan-1-Ol (N-Butyl Alcohol)
After three years of growth, overseas purchases of butan-1-ol (n-butyl alcohol) decreased by -24.4% to 703K tons in 2022. Over the period under review, imports saw a perceptible downturn. The most prominent rate of growth was recorded in 2016 with an increase of 15%. Over the period under review, global imports hit record highs at 1.2M tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
In value terms, butan-1-ol (n-butyl alcohol) imports contracted to $994M in 2022. Overall, imports showed a pronounced decline. The pace of growth was the most pronounced in 2021 when imports increased by 76%. Global imports peaked at $1.5B in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
Imports By Country
The countries with the highest levels of butan-1-ol (n-butyl alcohol) imports in 2022 were China (162K tons), Belgium (115K tons) and Germany (97K tons), together amounting to 53% of total import. South Korea (52K tons) ranks next in terms of the total imports with a 7.4% share, followed by India (5.3%). The following importers - Singapore (31K tons), Brazil (29K tons), Indonesia (24K tons), the United Arab Emirates (19K tons), the United States (17K tons) and Thailand (15K tons) - together made up 19% of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United Arab Emirates (with a CAGR of +13.1%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest butan-1-ol (n-butyl alcohol) importing markets worldwide were China ($190M), Belgium ($181M) and Germany ($152M), together comprising 53% of global imports. South Korea, Brazil, India, Singapore, Indonesia, the United States, Thailand and the United Arab Emirates lagged somewhat behind, together comprising a further 30%.
The United States, with a CAGR of +13.9%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average butan-1-ol (n-butyl alcohol) import price amounted to $1,415 per ton, growing by 17% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 54% against the previous year. Global import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,730 per ton), while the United Arab Emirates ($855 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.0%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Butan-1-Ol (N-Butyl Alcohol)
Global butan-1-ol (n-butyl alcohol) exports reduced remarkably to 565K tons in 2022, waning by -21.7% against the year before. Overall, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of 14% against the previous year. The global exports peaked at 986K tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.
In value terms, butan-1-ol (n-butyl alcohol) exports fell to $746M in 2022. Over the period under review, exports showed a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year. Over the period under review, the global exports hit record highs at $1.2B in 2013; however, from 2014 to 2022, the exports failed to regain momentum.
Exports By Country
The shipments of the four major exporters of butan-1-ol (n-butyl alcohol), namely Taiwan (Chinese), South Africa, Belgium and Malaysia, represented more than two-thirds of total export. The United States (44K tons) held a 7.8% share (based on physical terms) of total exports, which put it in second place, followed by Germany (5.2%). China (21K tons) held a little share of total exports.
From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +29.7%), while shipments for the other global leaders experienced mixed trends in the exports figures.
In value terms, Taiwan (Chinese) ($153M), South Africa ($141M) and Belgium ($130M) were the countries with the highest levels of exports in 2022, together comprising 57% of global exports. Malaysia, the United States, Germany and China lagged somewhat behind, together comprising a further 32%.
Among the main exporting countries, China, with a CAGR of +28.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average butan-1-ol (n-butyl alcohol) export price stood at $1,321 per ton in 2022, picking up by 19% against the previous year. Overall, the export price showed a slight expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 58%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($1,774 per ton), while Taiwan (Chinese) ($1,136 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global butan-1-ol (n-butyl alcohol) market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20142230 - Butan-1-ol (n-butyl alcohol)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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