Finland: Butanol Market 2024

Butanol Market Size in Finland

The Finnish butanol market declined to $X in 2022, falling by X% against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2022: its value 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, consumption increased by X% against 2016 indices. Butanol consumption peaked at $X in 2021, and then dropped in the following year.

Butanol Production in Finland

In value terms, butanol production contracted to $X in 2022 estimated in export price. Overall, production, however, posted resilient growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Butanol Exports

Exports from Finland

In 2022, the amount of butanol exported from Finland soared to X tons, rising by X% against 2021 figures. Over the period under review, exports, however, showed a precipitous shrinkage. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, butanol exports skyrocketed to $X in 2022. Overall, exports, however, recorded a dramatic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Latvia (X tons) was the main destination for butanol exports from Finland, with a X% share of total exports. Moreover, butanol exports to Latvia exceeded the volume sent to the second major destination, Estonia (X tons), sixfold. Sweden (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Sweden (X% per year).

In value terms, Latvia ($X) remains the key foreign market for butanol exports from Finland, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with a X% share of total exports. It was followed by Norway, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Norway (X% per year).

Export Prices by Country

In 2022, the average butanol export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Butanol Imports

Imports into Finland

Butanol imports into Finland contracted notably to X tons in 2022, which is down by X% on the year before. Overall, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, butanol imports reduced slightly to $X in 2022. In general, imports saw a mild decrease. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Russia (X tons) and Belgium (X tons) were the main suppliers of butanol imports to Finland, together comprising X% of total imports. The Netherlands, France, the Czech Republic and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of butanol to Finland, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Russia (X% per year).

Import Prices by Country

The average butanol import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price continues to indicate prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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