U.S.: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in the U.S.

In 2022, the U.S. butene and isomers thereof market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Butene and isomers thereof consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Butene (Butylene) And Isomers Thereof in the U.S.

In value terms, butene and isomers thereof production declined to $X in 2022. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Exports of Butene (Butylene) And Isomers Thereof

Exports from the U.S.

In 2022, approx. X tons of butene (butylene) and isomers thereof were exported from the United States; which is down by X% on the previous year. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, butene and isomers thereof exports reached $X in 2022. In general, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for butene and isomers thereof exports from the United States, accounting for a X% share of total exports. It was followed by Mexico (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled X%.

In value terms, Canada ($X) remains the key foreign market for butene (butylene) and isomers thereof exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Canada was relatively modest.

Export Prices by Country

In 2022, the average butene and isomers thereof export price amounted to $X per ton, rising by X% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butene and isomers thereof export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Mexico amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%).

Imports of Butene (Butylene) And Isomers Thereof

Imports into the U.S.

In 2022, supplies from abroad of butene (butylene) and isomers thereof was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, showed a precipitous shrinkage. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, butene and isomers thereof imports surged to $X in 2022. Overall, imports, however, showed a sharp reduction. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main butene and isomers thereof supplier to the United States, with a X% share of total imports. Moreover, butene and isomers thereof imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%.

In value terms, the largest butene and isomers thereof suppliers to the United States were the UK ($X) and China ($X).

Among the main suppliers, the UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average butene and isomers thereof import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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