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

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

The Finnish market for butanols (excluding butan-1-ol (n-butyl alcohol)) surged to $X in 2022, growing by 28% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in years to come.

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

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production reached $X in 2022 estimated in export price. Overall, production faced a abrupt decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 43% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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

Exports from Finland

In 2022, approx. X tons of butanols (excluding butan-1-ol (n-butyl alcohol)) were exported from Finland; falling by -39.8% on 2021. In general, exports faced a precipitous contraction. The pace of growth was the most pronounced in 2020 with an increase of 3,024% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports fell notably to $X in 2022. Over the period under review, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 3,323% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X tons), Iceland (X kg) and Norway (X kg) were the main destinations of butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Finland, with a combined 81% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +38.6%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for butanols (excluding butan-1-ol (n-butyl alcohol)) exported from Finland were Estonia ($X), Iceland ($X) and Norway ($X), with a combined 83% share of total exports.

Among the main countries of destination, Estonia, with a CAGR of +10.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2022, shrinking by -36.5% against the previous year. Overall, the export price, however, recorded a mild increase. The pace of growth was the most pronounced in 2021 an increase of 125% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined significantly in the following year.

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 Germany ($X per ton), while the average price for exports to Russia ($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 (+16.2%), 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 Finland

In 2022, butanols (excluding butan-1-ol (n-butyl alcohol)) imports into Finland declined sharply to X tons, which is down by -17.4% against the previous year. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 40%. 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, butanols (excluding butan-1-ol (n-butyl alcohol)) imports skyrocketed to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Germany (X tons) and Russia (X tons) were the main suppliers of butanols (excluding butan-1-ol (n-butyl alcohol)) imports to Finland, with a combined 82% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +202.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to Finland, comprising 54% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Russia, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled +167.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.1% per year) and Russia (-19.8% per year).

Import Prices by Country

In 2022, the average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) amounted to $X per ton, rising by 92% against the previous year. In general, the import price continues to indicate a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+102.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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