Scandinavia: Butan-1-Ol (N-Butyl Alcohol) Market 2024

Butan-1-Ol (N-Butyl Alcohol) Market Size in Scandinavia

The Scandinavia butan-1-ol (n-butyl alcohol) market declined to $X in 2022, falling by -10% against the previous year. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then fell in the following year.

Butan-1-Ol (N-Butyl Alcohol) Production in Scandinavia

In value terms, butan-1-ol (n-butyl alcohol) production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 52%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Butan-1-Ol (N-Butyl Alcohol) Exports

Exports in Scandinavia

In 2022, overseas shipments of butan-1-ol (n-butyl alcohol) increased by 122% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 543%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, butan-1-ol (n-butyl alcohol) exports surged to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 503% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden prevails in exports structure, reaching X tons, which was near 89% of total exports in 2022. It was distantly followed by Norway (X tons), mixing up a 7.3% share of total exports. Finland (X tons) took a little share of total exports.

Sweden was also the fastest-growing in terms of the butan-1-ol (n-butyl alcohol) exports, with a CAGR of +22.0% from 2012 to 2022. Norway (-2.1%) and Finland (-12.8%) illustrated a downward trend over the same period. While the share of Sweden (+89 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Norway (-30.6 p.p.) and Finland (-58.3 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest butan-1-ol (n-butyl alcohol) supplier in Scandinavia, comprising 92% of total exports. The second position in the ranking was taken by Norway ($X), with a 4.3% share of total exports.

In Sweden, butan-1-ol (n-butyl alcohol) exports increased at an average annual rate of +39.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Norway (-2.9% per year) and Finland (-6.7% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, which is down by -22.6% against the previous year. In general, the export price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2019 an increase of 77% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then declined sharply in the following year.

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 ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+14.3%), while the other leaders experienced mixed trends in the export price figures.

Butan-1-Ol (N-Butyl Alcohol) Imports

Imports in Scandinavia

After four years of growth, purchases abroad of butan-1-ol (n-butyl alcohol) decreased by -30.5% to X tons in 2022. Overall, imports, however, saw perceptible growth. The most prominent rate of growth was recorded in 2015 with an increase of 86% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, butan-1-ol (n-butyl alcohol) imports shrank to $X in 2022. Over the period under review, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 162%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Norway (X tons) was the key importer of butan-1-ol (n-butyl alcohol), achieving 74% of total imports. Sweden (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Finland (7.5%).

Imports into Norway increased at an average annual rate of +3.9% from 2012 to 2022. At the same time, Sweden (+6.3%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +6.3% from 2012-2022. By contrast, Finland (-4.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden and Norway increased by +4.8 and +4.7 percentage points, respectively.

In value terms, Norway ($X) constitutes the largest market for imported butan-1-ol (n-butyl alcohol) in Scandinavia, comprising 74% of total imports. The second position in the ranking was held by Sweden ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Norway amounted to +6.1%. In the other countries, the average annual rates were as follows: Sweden (+8.4% per year) and Finland (-4.6% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, rising by 30% against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butan-1-ol (n-butyl alcohol) import price increased by +109.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 62% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland ($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 (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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