Scandinavia: 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 Scandinavia

In 2022, the Scandinavia propyl and isopropyl alcohol market decreased by -1.8% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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

In value terms, propyl and isopropyl alcohol production reached $X in 2022 estimated in export price. Overall, production recorded a modest expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 146%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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

Exports in Scandinavia

In 2022, after two years of growth, there was significant decline in overseas shipments of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol), when their volume decreased by -14.8% to X tons. In general, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 1,266% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, propyl and isopropyl alcohol exports declined to $X in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by 233% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Norway dominates exports structure, accounting for X tons, which was approx. 95% of total exports in 2022. Sweden (X tons) followed a long way behind the leaders.

Norway was also the fastest-growing in terms of the propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) exports, with a CAGR of +29.5% from 2012 to 2022. Sweden (-11.4%) illustrated a downward trend over the same period. Norway (+62 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -60.3% from 2012 to 2022, respectively.

In value terms, Norway ($X) remains the largest propyl and isopropyl alcohol supplier in Scandinavia, comprising 72% of total exports. The second position in the ranking was taken by Sweden ($X), with a 27% share of total exports.

In Norway, propyl and isopropyl alcohol exports expanded at an average annual rate of +22.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, increasing by 1.9% against the previous year. Overall, the export price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of 74% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+8.2%).

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

Imports in Scandinavia

In 2022, purchases abroad of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) decreased by -3% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 32% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, propyl and isopropyl alcohol imports fell to $X in 2022. In general, imports, however, saw a mild expansion. The most prominent rate of growth was recorded in 2017 with an increase of 71% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Norway (X tons) and Sweden (X tons) were the major importers of propan-1-ol (propyl alcohol) and propan-2-ol (isopropyl alcohol) in 2022, accounting for near 47% and 41% of total imports, respectively. It was distantly followed by Finland (X tons), making up a 12% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +2.5%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 99.9% share of total imports.

Norway, with a CAGR of +1.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, leveling off at the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by 44% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($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 (+2.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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