Butane Price Trend and Forecast

Regional Market Overview

Get the latest insights on price movement and trend analysis of Butane in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Butane Price Trend for the First Half of 2023


The price trend of butane was dependent on the supply and market dynamics of crude oil. In the first quarter of 2023, the Asia-Pacific market showed slow signs of recovery, and with increased rates of imports from Russia, the level of inventories rose. In the second quarter, the weak growth of the economy, cuts in demand from the downstream sectors, and overall bearish trading sentiments proved to be a problem for the growth of butane prices.


The globally weak position of the economy showed its effect on the European markets as the high rates of inflation, sanctions on trade with Russia, and weak demand pressurized the butane price trend in the first quarter of 2023.

These problems were persistent in the second quarter, too, and with the swindling conditions of the markets, the investors were also forced to sell their assets. The feeble situation of European currencies further worsened the situation of butane prices during the first and second quarters of 2023.

North America

High volatility in the North American market and shifting demand scenarios negatively impacted the price trend of butane in the first and second quarters of 2023. Along with this, the rise in unemployment and decline in production activities also proved to be a challenge for the butane market.

There were some instances during the first two quarters where the market showed some signs of improvement, but due to weak economic growth and a recession-like phase in the region, the price trend of butane slipped in the region.

Analyst Insight

According to Procurement Resource, the price trend of Butane is expected to face southwards in the upcoming quarter as the negative economic growth around the globe will likely impact the butane market adversely.

Procurement Resource provides latest prices of Butane. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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Butane is a hydrocarbon which is a highly combustible and odorless gas. It is widely used as a fuel in stoves, lighters, and torches. In the aerosol industry, it serves as a propellant and in chemical industries it acts as a feedstock material. Butane is also an essential ingredient in the production of synthetic rubber and also as a solvent and refrigerant in various industries.

Product Details

Report Features Details
Product Name Butane
Chemical formula C4H10
Industrial Uses Fuel, Refrigeration, Welding, Chemical Testing, Gasoline blending, Solvent
CAS Number 106-97-8
Molecular weight 58.12 g/mol
HS Code 27111300
Supplier Database Merck KGaA, Exxon Mobil Corporation, Chevron Phillips Chemical Company LLC, BP plc, Shell plc
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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