Norway: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in Norway

After seven years of growth, the Norwegian butene and isomers thereof market decreased by -4.3% to $X in 2021. In general, consumption posted a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted in the following year.

Production of Butene (Butylene) And Isomers Thereof in Norway

In value terms, butene and isomers thereof production declined to $X in 2021 estimated in export price. Over the period under review, production saw a strong increase. The growth pace was the most rapid in 2014 with an increase of 61% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then reduced in the following year.

Exports of Butene (Butylene) And Isomers Thereof

Exports from Norway

In 2021, approx. X kg of butene (butylene) and isomers thereof were exported from Norway; growing by 68% on the previous year. Overall, exports, however, saw a sharp downturn. The growth pace was the most rapid in 2018 with an increase of 2,043% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, butene and isomers thereof exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a abrupt slump. The pace of growth appeared the most rapid in 2020 when exports increased by 325%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X kg) was the main destination for butene and isomers thereof exports from Norway, accounting for a 89% share of total exports. Moreover, butene and isomers thereof exports to Denmark exceeded the volume sent to the second major destination, Sweden (X kg), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Denmark amounted to -3.5%.

In value terms, Denmark ($X) emerged as the key foreign market for butene (butylene) and isomers thereof exports from Norway, comprising 85% of total exports. The second position in the ranking was taken by Sweden ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Denmark stood at +52.1%.

Export Prices by Country

In 2021, the average butene and isomers thereof export price amounted to $X per ton, increasing by 4.8% against the previous year. In general, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 991% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Denmark amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+57.5%).

Imports of Butene (Butylene) And Isomers Thereof

Imports into Norway

In 2021, imports of butene (butylene) and isomers thereof into Norway skyrocketed to X kg, rising by 58% against the year before. Overall, imports, however, recorded a precipitous shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, butene and isomers thereof imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by 29% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Denmark (X kg) constituted the largest butene and isomers thereof supplier to Norway, with a 73% share of total imports. Moreover, butene and isomers thereof imports from Denmark exceeded the figures recorded by the second-largest supplier, the UK (X kg), sevenfold. Sweden (X kg) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark amounted to -11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-27.7% per year) and Sweden (-39.6% per year).

In value terms, Denmark ($X) constituted the largest supplier of butene (butylene) and isomers thereof to Norway, comprising 83% of total imports. The second position in the ranking was taken by the UK ($X), with a 12% share of total imports. It was followed by Germany, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark totaled -12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-31.6% per year) and Germany (-26.4% per year).

Import Prices by Country

The average butene and isomers thereof import price stood at $X per ton in 2021, falling by -26.3% against the previous year. Over the period under review, the import price saw a slight decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by 33%. The import price peaked at $X per ton in 2020, and then fell rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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