Sweden: Butanone Market 2024

Butanone Market Size in Sweden

The Swedish butanone market surged to $X in 2022, picking up by 66% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a slight descent. Butanone consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Butanone Exports

Exports from Sweden

In 2022, exports of butanone (methyl ethyl ketone) from Sweden shrank to X tons, falling by -9.3% compared with the year before. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 95%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, butanone exports rose significantly to $X in 2022. Overall, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.0% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 48% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for butanone exports from Sweden, with a 59% share of total exports. Moreover, butanone exports to Norway exceeded the volume sent to the second major destination, Finland (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+18.7% per year) and Denmark (-7.4% per year).

In value terms, Norway ($X) remains the key foreign market for butanone (methyl ethyl ketone) exports from Sweden, comprising 67% of total exports. The second position in the ranking was taken by Finland ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Norway amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+25.0% per year) and Denmark (-5.2% per year).

Export Prices by Country

The average butanone export price stood at $X per ton in 2022, picking up by 27% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 +42.7% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 32%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Butanone Imports

Imports into Sweden

In 2022, butanone imports into Sweden surged to X tons, growing by 39% against the previous year's figure. Over the period under review, imports, however, saw a noticeable reduction. Imports peaked 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

Belgium (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of butanone imports to Sweden, with a combined 88% share of total imports. Denmark, Norway, France and China lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +63.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest butanone suppliers to Sweden were Belgium ($X), the Netherlands ($X) and Germany ($X), with a combined 85% share of total imports. France, Denmark, Norway and China lagged somewhat behind, together comprising a further 15%.

In terms of the main suppliers, Norway, with a CAGR of +61.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average butanone import price stood at $X per ton in 2022, jumping by 23% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +53.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 68% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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