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

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

In 2021, after five years of growth, there was decline in the Scandinavia butene and isomers thereof market, when its value decreased by -2.3% to $X. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +28.5% against 2014 indices. The level of consumption peaked at $X in 2020, and then fell in the following year.

Production of Butene (Butylene) And Isomers Thereof in Scandinavia

In value terms, butene and isomers thereof production declined modestly to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +27.8% against 2014 indices. The growth pace was the most rapid in 2014 with an increase of 31%. Over the period under review, production attained the peak level at $X in 2020, and then shrank slightly in the following year.

Exports of Butene (Butylene) And Isomers Thereof

Exports in Scandinavia

In 2021, approx. X tons of butene (butylene) and isomers thereof were exported in Scandinavia; reducing by -18.9% against the year before. In general, exports faced a significant decrease. The most prominent rate of growth was recorded in 2017 with an increase of 625%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, butene and isomers thereof exports declined sharply to $X in 2021. Overall, exports showed a deep setback. The pace of growth was the most pronounced in 2017 with an increase of 403%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Sweden prevails in exports structure, finishing at X tons, which was approx. 93% of total exports in 2021. It was distantly followed by Norway (X kg), constituting a 7.1% share of total exports.

Sweden was also the fastest-growing in terms of the butene (butylene) and isomers thereof exports, with a CAGR of -19.0% from 2012 to 2021. Norway (-24.7%) illustrated a downward trend over the same period. Sweden (+30 p.p.) significantly strengthened its position in terms of the total exports, while Norway saw its share reduced by -2.2% from 2012 to 2021, respectively.

In value terms, Sweden ($X) remains the largest butene and isomers thereof supplier in Scandinavia, comprising 90% of total exports. The second position in the ranking was held by Norway ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Sweden totaled -5.2%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, with a decrease of -33.4% against the previous year. In general, the export price, however, posted a resilient expansion. The pace of growth was the most pronounced in 2019 when the export price increased by 212% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then declined dramatically in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Sweden stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+17.0%).

Imports of Butene (Butylene) And Isomers Thereof

Imports in Scandinavia

For the fourth year in a row, Scandinavia recorded decline in purchases abroad of butene (butylene) and isomers thereof, which decreased by -0.1% to X tons in 2021. Over the period under review, imports saw a slight setback. The growth pace was the most rapid in 2017 with an increase of 25% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, butene and isomers thereof imports skyrocketed to $X in 2021. In general, imports recorded a perceptible descent. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Finland represented the largest importer of butene (butylene) and isomers thereof in Scandinavia, with the volume of imports finishing at X tons, which was approx. 79% of total imports in 2021. It was distantly followed by Sweden (X tons), creating a 21% share of total imports.

Finland experienced a relatively flat trend pattern with regard to volume of imports of butene (butylene) and isomers thereof. Sweden (-4.3%) illustrated a downward trend over the same period. Finland (+6.9 p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by -6.8% from 2012 to 2021, respectively.

In value terms, Finland ($X) constitutes the largest market for imported butene (butylene) and isomers thereof in Scandinavia, comprising 83% of total imports. The second position in the ranking was taken by Sweden ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Finland stood at -1.4%.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, increasing by 48% against the previous year. Over the period under review, the import price, however, recorded a slight descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-1.2%).

Source: IndexBox Platform