Finland: Butan-1-Ol (N-Butyl Alcohol) Market 2024

Butan-1-Ol (N-Butyl Alcohol) Market Size in Finland

The Finnish butan-1-ol (n-butyl alcohol) market fell to $X in 2022, dropping by -13.4% against the previous year. Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +43.0% against 2016 indices. Butan-1-ol (n-butyl alcohol) consumption peaked at $X in 2021, and then reduced in the following year.

Butan-1-Ol (N-Butyl Alcohol) Production in Finland

In value terms, butan-1-ol (n-butyl alcohol) production contracted to $X in 2022 estimated in export price. In general, production, however, posted a resilient expansion. The growth pace was the most rapid in 2014 when the production volume increased by 480%. Butan-1-ol (n-butyl alcohol) production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Butan-1-Ol (N-Butyl Alcohol) Exports

Exports from Finland

Butan-1-ol (n-butyl alcohol) exports from Finland skyrocketed to X tons in 2022, increasing by 94% compared with 2021 figures. Over the period under review, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 810% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports surged to $X in 2022. In general, exports, however, recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 1,676% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia (X tons) was the main destination for butan-1-ol (n-butyl alcohol) exports from Finland, with a 86% share of total exports. Moreover, butan-1-ol (n-butyl alcohol) exports to Latvia exceeded the volume sent to the second major destination, Estonia (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Latvia stood at +32.8%.

In value terms, Latvia ($X) remains the key foreign market for butan-1-ol (n-butyl alcohol) exports from Finland, comprising 91% of total exports. The second position in the ranking was taken by Estonia ($X), with a 9.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Latvia totaled +41.3%.

Export Prices by Country

The average butan-1-ol (n-butyl alcohol) export price stood at $X per ton in 2022, with an increase of 7% against the previous year. Overall, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 an increase of 98%. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Estonia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+6.4%), while the prices for the other major destinations experienced a decline.

Butan-1-Ol (N-Butyl Alcohol) Imports

Imports into Finland

In 2022, after two years of growth, there was significant decline in supplies from abroad of butan-1-ol (n-butyl alcohol), when their volume decreased by -52.2% to X tons. Over the period under review, imports showed a perceptible shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by 439%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, butan-1-ol (n-butyl alcohol) imports dropped notably to $X in 2022. In general, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 256% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), Russia (X tons) and France (X tons) were the main suppliers of butan-1-ol (n-butyl alcohol) imports to Finland, with a combined 97% share of total imports. South Africa and Belgium lagged somewhat behind, together comprising a further 3.2%.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +251.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and France ($X) constituted the largest butan-1-ol (n-butyl alcohol) suppliers to Finland, with a combined 96% share of total imports.

Among the main suppliers, France, with a CAGR of +215.0%, saw 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

The average butan-1-ol (n-butyl alcohol) import price stood at $X per ton in 2022, rising by 6.7% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 78%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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