Finland: Market for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) 2024

Market Size for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Finland

The Finnish propyl and isopropyl alcohol market dropped to $X in 2022, with a decrease of -7.4% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Finland

In value terms, propyl and isopropyl alcohol production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +6.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 49%. Propyl and isopropyl alcohol production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Exports from Finland

In 2022, shipments abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -20.3% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports, however, continue to indicate a mild increase. The pace of growth appeared the most rapid in 2013 when exports increased by 176%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, propyl and isopropyl alcohol exports fell notably to $X in 2022. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 58%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for propyl and isopropyl alcohol exports from Finland, with a 89% share of total exports. Moreover, propyl and isopropyl alcohol exports to Sweden exceeded the volume sent to the second major destination, Estonia (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Sweden stood at +125.9%.

In value terms, Sweden ($X) remains the key foreign market for propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports from Finland, comprising 84% of total exports. The second position in the ranking was taken by Estonia ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to +119.8%.

Export Prices by Country

The average propyl and isopropyl alcohol export price stood at $X per ton in 2022, which is down by -13.4% against the previous year. Over the period under review, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of 44%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Sweden amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Imports into Finland

In 2022, approx. X tons of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) were imported into Finland; which is down by -3.2% on the previous year. Over the period under review, imports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 34% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, propyl and isopropyl alcohol imports reduced to $X in 2022. Overall, imports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2017 with an increase of 90% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of propyl and isopropyl alcohol imports to Finland, together accounting for 82% of total imports. Belgium, Denmark, Sweden and Lithuania lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +91.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest propyl and isopropyl alcohol suppliers to Finland were the Netherlands ($X), Germany ($X) and the United States ($X), together accounting for 80% of total imports. Sweden, Belgium, Denmark and Lithuania lagged somewhat behind, together comprising a further 16%.

In terms of the main suppliers, Denmark, with a CAGR of +60.4%, saw the highest rates of growth with regard to 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

In 2022, the average propyl and isopropyl alcohol import price amounted to $X per ton, falling by -10.2% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, propyl and isopropyl alcohol import price decreased by -18.3% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 42%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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