United Kingdom: Market for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) 2024

Market Size for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in the UK

The UK market for butanols (excluding butan-1-ol (n-butyl alcohol)) expanded markedly to $X in 2021, picking up by 12% against the previous year. In general, consumption, however, continues to indicate a slight decrease. Butanols (excluding butan-1-ol (n-butyl alcohol)) consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in the UK

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production surged to $X in 2021 estimated in export price. Overall, production, however, showed a slight decrease. The most prominent rate of growth was recorded in 2018 with an increase of 55% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

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

Exports from the UK

In 2021, shipments abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) was finally on the rise to reach X tons after two years of decline. Overall, exports, however, recorded a slight downturn. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of 41%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from the UK, accounting for a 70% share of total exports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) exports to the United States exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+44.6% per year) and Italy (-27.9% per year).

In value terms, the United States ($X) remains the key foreign market for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from the UK, comprising 67% of total exports. The second position in the ranking was taken by Belgium ($X), with a 29% share of total exports. It was followed by Italy, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+57.5% per year) and Italy (-24.3% per year).

Export Prices by Country

The average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2021, almost unchanged from the previous year. In general, the export price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 19%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the UK

In 2021, butanols (excluding butan-1-ol (n-butyl alcohol)) imports into the UK shrank modestly to X tons, dropping by -4.4% on 2020 figures. In general, imports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 37% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a pronounced decline. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to the UK, accounting for a 61% share of total imports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) imports from Germany exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. Poland (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+94.7% per year) and Poland (-2.3% per year).

In value terms, Germany ($X) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to the UK, comprising 65% of total imports. The second position in the ranking was taken by Poland ($X), with an 11% share of total imports. It was followed by India, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-4.5% per year) and India (+72.7% per year).

Import Prices by Country

In 2021, the average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, rising by 60% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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