Scandinavia: Dicyandiamide Market 2025

Dicyandiamide Market Size in Scandinavia

In 2021, the Scandinavia dicyandiamide market increased by 49% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.5% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Dicyandiamide Production in Scandinavia

In value terms, dicyandiamide production totaled $X in 2021 estimated in export price. Over the period under review, production recorded a mild curtailment. The growth pace was the most rapid in 2013 when the production volume increased by 6.4% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Dicyandiamide Exports

Exports in Scandinavia

In 2021, shipments abroad of X-cyanoguanidine (dicyandiamide) decreased by -37.4% to X tons, falling for the second year in a row after two years of growth. Overall, exports showed a noticeable downturn. The growth pace was the most rapid in 2019 with an increase of 3,652%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, dicyandiamide exports dropped sharply to $X in 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 1,525% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Finland (X tons) represented roughly 98% of total exports in 2021.

Finland was also the fastest-growing in terms of the X-cyanoguanidine (dicyandiamide) exports, with a CAGR of +51.7% from 2012 to 2021. From 2012 to 2021, the share of Finland increased by +96 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) also remains the largest dicyandiamide supplier in Scandinavia.

In Finland, dicyandiamide exports increased at an average annual rate of +29.9% over the period from 2012-2021.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, with a decrease of -38.3% against the previous year. Overall, the export price, however, saw a noticeable increase. The growth pace was the most rapid in 2017 when the export price increased by 104% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Finland.

From 2012 to 2021, the rate of growth in terms of prices for Finland amounted to -14.4% per year.

Dicyandiamide Imports

Imports in Scandinavia

For the third consecutive year, Scandinavia recorded growth in supplies from abroad of X-cyanoguanidine (dicyandiamide), which increased by 21% to X tons in 2021. The total import volume increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 24%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, dicyandiamide imports skyrocketed to $X in 2021. Overall, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Norway (X tons) represented the main importer of X-cyanoguanidine (dicyandiamide), committing 84% of total imports. It was distantly followed by Sweden (X tons), constituting a 14% share of total imports. Finland (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to dicyandiamide imports into Norway stood at +6.7%. At the same time, Finland (+10.0%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +10.0% from 2012-2021. By contrast, Sweden (-2.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Norway increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) constitutes the largest market for imported X-cyanoguanidine (dicyandiamide) in Scandinavia, comprising 69% of total imports. The second position in the ranking was taken by Sweden ($X), with a 29% share of total imports.

In Norway, dicyandiamide imports increased at an average annual rate of +7.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (+7.1% per year) and Finland (+6.1% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, surging by 47% against the previous year. Import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dicyandiamide import price increased by +93.5% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+9.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform