Scandinavia: Butanol Market 2024

Butanol Market Size in Scandinavia

The Scandinavia butanol market reduced slightly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Butanol Production in Scandinavia

In value terms, butanol production fell to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Butanol Exports

Exports in Scandinavia

In 2022, shipments abroad of butanol increased by X% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, butanol exports soared to $X in 2022. In general, exports saw buoyant growth. The growth pace was the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden dominates exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Norway (X tons) and Finland (X tons), together constituting an X% share of total exports.

Sweden was also the fastest-growing in terms of the butanol exports, with a CAGR of X% from 2012 to 2022. Norway (X%) and Finland (X%) illustrated a downward trend over the same period. While the share of Sweden (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Norway (X p.p.) and Finland (X p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest butanol supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden amounted to X%. In the other countries, the average annual rates were as follows: Norway (X% per year) and Finland (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced mixed trends in the export price figures.

Butanol Imports

Imports in Scandinavia

In 2022, the amount of butanol imported in Scandinavia contracted to X tons, waning by X% on the previous year's figure. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, butanol imports expanded sharply to $X in 2022. Overall, imports, however, continue to indicate a moderate increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Norway represented the key importer of butanol in Scandinavia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Sweden (X tons) and Finland (X tons), together committing a X% share of total imports.

Norway was also the fastest-growing in terms of the butanol imports, with a CAGR of X% from 2012 to 2022. Sweden (X%) and Finland (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Norway increased by X percentage points.

In value terms, Norway ($X) constitutes the largest market for imported butanol in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Norway stood at X%. In the other countries, the average annual rates were as follows: Sweden (X% per year) and Finland (X% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, jumping by X% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butanol import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform