Scandinavia: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in Scandinavia

The Scandinavia octyl alcohol market declined slightly to $X in 2022, approximately reflecting the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +48.8% against 2016 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then fell modestly in the following year.

Octyl Alcohol Production in Scandinavia

In value terms, octyl alcohol production declined slightly to $X in 2022 estimated in export price. The total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.2% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 25%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Octyl Alcohol Exports

Exports in Scandinavia

In 2022, the amount of octanol (octyl alcohol) and isomers thereof exported in Scandinavia soared to X tons, jumping by 372% against the year before. In general, exports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 9,060% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, octyl alcohol exports soared to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 4,130% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden was the main exporting country with an export of around X tons, which amounted to 73% of total exports. It was distantly followed by Norway (X tons), making up a 27% share of total exports.

Exports from Sweden increased at an average annual rate of +19.1% from 2012 to 2022. At the same time, Norway (+27.7%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +27.7% from 2012-2022. Sweden (+64 p.p.) and Norway (+25 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest octyl alcohol supplier in Scandinavia, comprising 72% of total exports. The second position in the ranking was taken by Norway ($X), with a 28% share of total exports.

In Sweden, octyl alcohol exports expanded at an average annual rate of +22.3% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, jumping by 31% against the previous year. Over the period under review, the export price recorded a notable expansion. The most prominent rate of growth was recorded in 2017 when the export price increased by 266% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Sweden totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.7%).

Octyl Alcohol Imports

Imports in Scandinavia

In 2022, approx. X tons of octanol (octyl alcohol) and isomers thereof were imported in Scandinavia; waning by -2.1% compared with the previous year's figure. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 269% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank slightly in the following year.

In value terms, octyl alcohol imports dropped slightly to $X in 2022. In general, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 70%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Norway prevails in imports structure, resulting at X tons, which was near 89% of total imports in 2022. It was distantly followed by Sweden (X tons), comprising a 6.9% share of total imports. Finland (X tons) held a relatively small share of total imports.

Norway was also the fastest-growing in terms of the octanol (octyl alcohol) and isomers thereof imports, with a CAGR of +32.3% from 2012 to 2022. At the same time, Sweden (+2.1%) displayed positive paces of growth. By contrast, Finland (-19.3%) illustrated a downward trend over the same period. Norway (+78 p.p.) significantly strengthened its position in terms of the total imports, while Sweden and Finland saw its share reduced by -4.6% and -72.9% from 2012 to 2022, respectively.

In value terms, Norway ($X) constitutes the largest market for imported octanol (octyl alcohol) and isomers thereof in Scandinavia, comprising 86% of total imports. The second position in the ranking was taken by Sweden ($X), with a 9.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Norway amounted to +32.3%. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (+1.5% per year) and Finland (-17.7% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, reducing by -2.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 47% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, 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 (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform