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

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

The Norwegian butan-1-ol (n-butyl alcohol) market shrank to $X in 2022, dropping by -12.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate strong growth. As a result, consumption reached the peak level of $X, and then reduced in the following year.

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

Exports from Norway

In 2022, shipments abroad of butan-1-ol (n-butyl alcohol) increased by 28% to X tons, rising for the seventh consecutive year after three years of decline. In general, exports, however, continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2020 with an increase of 70%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, butan-1-ol (n-butyl alcohol) exports dropped rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable decline. The growth pace was the most rapid in 2021 when exports increased by 134%. As a result, the exports reached the peak of $X, and then dropped remarkably in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for butan-1-ol (n-butyl alcohol) exports from Norway, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled +37.8%.

In value terms, the Netherlands ($X) emerged as the key foreign market for butan-1-ol (n-butyl alcohol) exports from Norway.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to +40.7%.

Export Prices by Country

In 2022, the average butan-1-ol (n-butyl alcohol) export price amounted to $X per ton, which is down by -52.9% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 73% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for Denmark amounted to +3.9% per year.

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

Imports into Norway

In 2022, after six years of growth, there was significant decline in overseas purchases of butan-1-ol (n-butyl alcohol), when their volume decreased by -28.4% to X tons. In general, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.0% against 2014 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, imports attained the peak of X tons, and then fell notably in the following year.

In value terms, butan-1-ol (n-butyl alcohol) imports shrank modestly to $X in 2022. Over the period under review, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 150% against the previous year. As a result, imports attained the peak of $X, and then dropped slightly in the following year.

Imports by Country

France (X tons), Saudi Arabia (X tons) and Germany (X tons) were the main suppliers of butan-1-ol (n-butyl alcohol) imports to Norway, with a combined 81% share of total imports. Russia, the Netherlands and Finland lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +131.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Saudi Arabia ($X) and Germany ($X) appeared to be the largest butan-1-ol (n-butyl alcohol) suppliers to Norway, together accounting for 85% of total imports.

France, with a CAGR of +140.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, jumping by 34% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butan-1-ol (n-butyl alcohol) import price increased by +120.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 64% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain 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 Finland ($X per ton), while the price for Russia ($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 (+54.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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