Norway: Market for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function 2024

Market Size for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Norway

In 2022, the Norwegian market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function decreased by -12.1% to $X, falling for the third consecutive year after three years of growth. In general, consumption, however, continues to indicate a buoyant increase. Butanal butanal and acyclic aldehydes consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Exports from Norway

In 2022, after two years of decline, there was significant growth in shipments abroad of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function, when their volume increased by 35% to X tons. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 708% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, butanal butanal and acyclic aldehydes exports reduced to $X in 2022. Over the period under review, exports showed buoyant growth. The pace of growth was the most pronounced in 2018 when exports increased by 338% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Sweden (X tons) was the main destination for butanal butanal and acyclic aldehydes exports from Norway, accounting for a 76% share of total exports. Moreover, butanal butanal and acyclic aldehydes exports to Sweden exceeded the volume sent to the second major destination, the Netherlands (X tons), sixfold. The third position in this ranking was taken by Angola (X kg), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +88.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+73.6% per year) and Angola (+39.3% per year).

In value terms, the Netherlands ($X), Sweden ($X) and Angola ($X) constituted the largest markets for butanal butanal and acyclic aldehydes exported from Norway worldwide, with a combined 89% share of total exports. The UK, Germany and Denmark lagged somewhat behind, together comprising a further 11%.

Germany, with a CAGR of +63.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function amounted to $X per ton, reducing by -26.2% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 an increase of 183%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Sweden ($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 the UK (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Imports into Norway

In 2022, purchases abroad of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function decreased by -9.5% to X tons, falling for the third year in a row after two years of growth. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -31.9% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 25% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, butanal butanal and acyclic aldehydes imports declined to $X in 2022. Overall, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 36%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Germany (X tons) and Switzerland (X tons) were the main suppliers of butanal butanal and acyclic aldehydes imports to Norway, together accounting for 97% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +10.2%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X), Germany ($X) and Switzerland ($X) appeared to be the largest butanal butanal and acyclic aldehydes suppliers to Norway, together accounting for 97% of total imports.

The United States, with a CAGR of +10.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function amounted to $X per ton, falling by -3.1% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butanal butanal and acyclic aldehydes import price increased by +60.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 20%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then dropped in the following year.

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 the UK ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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