Scandinavia: Butanone Market 2024

Butanone Market Size in Scandinavia

The Scandinavia butanone market soared to $X in 2022, increasing by 53% against the previous year. Overall, consumption, however, showed a mild decrease. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Butanone Production in Scandinavia

In value terms, butanone production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,100% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Butanone Exports

Exports in Scandinavia

In 2022, shipments abroad of butanone (methyl ethyl ketone) decreased by -29.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports faced a significant contraction. The pace of growth was the most pronounced in 2013 with an increase of 81%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, butanone exports contracted to $X in 2022. In general, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of 185%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Sweden was the largest exporter of butanone (methyl ethyl ketone) in Scandinavia, with the volume of exports finishing at X tons, which was approx. 82% of total exports in 2022. It was distantly followed by Finland (X tons), constituting an 18% share of total exports.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of butanone (methyl ethyl ketone). Finland (-32.2%) illustrated a downward trend over the same period. While the share of Sweden (+73 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Finland (-69.8 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest butanone supplier in Scandinavia, comprising 89% of total exports. The second position in the ranking was taken by Finland ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden totaled +4.3%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, increasing by 29% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +9.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butanone export price increased by +34.1% against 2020 indices. The pace of growth was the most pronounced in 2013 when the export price increased by 58%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.1%).

Butanone Imports

Imports in Scandinavia

Butanone imports surged to X tons in 2022, increasing by 30% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a pronounced shrinkage. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, butanone imports surged to $X in 2022. In general, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Sweden (X tons) was the key importer of butanone (methyl ethyl ketone), generating 83% of total imports. It was distantly followed by Finland (X tons), mixing up a 14% share of total imports. Norway (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to butanone imports into Sweden stood at -3.5%. At the same time, Finland (+1.1%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +1.1% from 2012-2022. By contrast, Norway (-14.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland increased by +5.3 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported butanone (methyl ethyl ketone) in Scandinavia, comprising 76% of total imports. The second position in the ranking was taken by Finland ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Sweden was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Finland (+5.0% per year) and Norway (-4.8% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, jumping by 16% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butanone import price increased by +56.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 61% against the previous year. The level of import peaked 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 Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+11.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform