Sweden: Market for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) 2024

Market Size for Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Sweden

The Swedish propyl and isopropyl alcohol market shrank to $X in 2022, waning by -10.5% against the previous year. Over the period under review, consumption, however, continues to indicate a moderate expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol) in Sweden

In value terms, propyl and isopropyl alcohol production stood at $X in 2022 estimated in export price. Overall, production, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 62%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Exports from Sweden

Propyl and isopropyl alcohol exports from Sweden contracted notably to X tons in 2022, shrinking by -31.1% on the previous year. Overall, exports saw a deep slump. The pace of growth appeared the most rapid in 2020 when exports increased by 120%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, propyl and isopropyl alcohol exports shrank to $X in 2022. In general, exports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 65% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons), Finland (X tons) and Denmark (X tons) were the main destinations of propyl and isopropyl alcohol exports from Sweden, together accounting for 97% of total exports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of -4.3%), while shipments for the other leaders experienced a decline.

In value terms, Norway ($X), Finland ($X) and Denmark ($X) appeared to be the largest markets for propyl and isopropyl alcohol exported from Sweden worldwide, together accounting for 98% of total exports.

Finland, with a CAGR of +2.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average propyl and isopropyl alcohol export price amounted to $X per ton, picking up by 33% against the previous year. In general, the export price enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 an increase of 38% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Norway ($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 Belgium (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Propan-1-Ol (Propyl Alcohol) And Propan-2-Ol (Isopropyl Alcohol)

Imports into Sweden

In 2022, purchases abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -5% to X tons, falling for the second year in a row after four years of growth. In general, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.1% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 34% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, propyl and isopropyl alcohol imports fell to $X in 2022. Overall, imports, however, showed mild growth. The pace of growth appeared the most rapid in 2020 when imports increased by 88% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Norway (X tons) constituted the largest propyl and isopropyl alcohol supplier to Sweden, with a 52% share of total imports. Moreover, propyl and isopropyl alcohol imports from Norway exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from Norway totaled +31.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.7% per year) and Germany (-8.3% per year).

In value terms, the largest propyl and isopropyl alcohol suppliers to Sweden were the Netherlands ($X), Germany ($X) and Norway ($X), together accounting for 78% of total imports.

In terms of the main suppliers, Norway, with a CAGR of +23.5%, 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

In 2022, the average propyl and isopropyl alcohol import price amounted to $X per ton, dropping by -9.6% against the previous year. Overall, the import price continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 40% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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