Scandinavia: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in Scandinavia

The Scandinavia aromatic polyamines market surged to $X in 2021, increasing by 33% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Aromatic Polyamines Production in Scandinavia

In value terms, aromatic polyamines production skyrocketed to $X in 2021 estimated in export price. The total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -19.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 58% 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.

Aromatic Polyamines Exports

Exports in Scandinavia

After two years of growth, shipments abroad of aromatic polyamines and their derivatives, salts thereof decreased by -0.8% to X tons in 2021. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 44%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, aromatic polyamines exports surged to $X in 2021. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 55% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Norway represented the main exporter of aromatic polyamines and their derivatives, salts thereof in Scandinavia, with the volume of exports finishing at X tons, which was near 81% of total exports in 2021. It was distantly followed by Finland (X tons), comprising a 16% share of total exports. Sweden (X tons) held a minor share of total exports.

Exports from Norway decreased at an average annual rate of -17.3% from 2012 to 2021. Finland (-12.5%) and Sweden (-23.7%) illustrated a downward trend over the same period. While the share of Finland (+16 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-5 p.p.) and Norway (-9.7 p.p.) displayed negative dynamics.

In value terms, Norway ($X) remains the largest aromatic polyamines supplier in Scandinavia, comprising 83% of total exports. The second position in the ranking was held by Finland ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Norway stood at -17.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (-12.0% per year) and Sweden (-21.8% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, surging by 26% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while Finland ($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 (+2.5%), while the other leaders experienced more modest paces of growth.

Aromatic Polyamines Imports

Imports in Scandinavia

In 2021, overseas purchases of aromatic polyamines and their derivatives, salts thereof increased by 19% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2016 when imports increased by 34%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, aromatic polyamines imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 51%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Finland represented the major importing country with an import of about X tons, which finished at 82% of total imports. Sweden (X tons) ranks second in terms of the total imports with an 11% share, followed by Denmark (6.2%).

Finland was also the fastest-growing in terms of the aromatic polyamines and their derivatives, salts thereof imports, with a CAGR of +3.6% from 2012 to 2021. Sweden (-17.3%) and Denmark (-27.0%) illustrated a downward trend over the same period. Finland (+56 p.p.) significantly strengthened its position in terms of the total imports, while Sweden and Denmark saw its share reduced by -15.4% and -38.6% from 2012 to 2021, respectively.

In value terms, Finland ($X), Denmark ($X) and Sweden ($X) constituted the countries with the highest levels of imports in 2021, together comprising 99% of total imports.

Finland, with a CAGR of +4.4%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, picking up by 10% against the previous year. Import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aromatic polyamines import price increased by +90.9% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 34% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Denmark ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+28.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform