Scandinavia: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Scandinavia

The Scandinavia market for compounds with other nitrogen function (excluding isocyanates) expanded remarkably to $X in 2022, surging by 7.1% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +34.6% against 2020 indices. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Scandinavia

In value terms, compounds with other nitrogen function production contracted to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -20.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 109%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports in Scandinavia

In 2022, approx. X tons of compounds with other nitrogen function (excluding isocyanates) were exported in Scandinavia; dropping by -76.9% against the previous year's figure. Over the period under review, exports saw a mild descent. The most prominent rate of growth was recorded in 2021 when exports increased by 487% against the previous year. As a result, the exports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, compounds with other nitrogen function exports soared to $X in 2022. Overall, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 1,582%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Sweden (X tons), together accounting for 99% of total export.

Sweden was also the fastest-growing in terms of the compounds with other nitrogen function (excluding isocyanates) exports, with a CAGR of -1.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest compounds with other nitrogen function supplier in Scandinavia.

In Sweden, compounds with other nitrogen function exports shrank by an average annual rate of -3.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, growing by 659% against the previous year. Overall, the export price showed a prominent increase. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -2.1% per year.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports in Scandinavia

In 2022, overseas purchases of compounds with other nitrogen function (excluding isocyanates) increased by 40% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports saw resilient growth. The pace of growth was the most pronounced in 2013 when imports increased by 188%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, compounds with other nitrogen function imports skyrocketed to $X in 2022. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 255% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Sweden prevails in imports structure, resulting at X tons, which was near 91% of total imports in 2022. It was distantly followed by Norway (X tons), committing a 7.2% share of total imports. Finland (X tons) took a little share of total imports.

Sweden was also the fastest-growing in terms of the compounds with other nitrogen function (excluding isocyanates) imports, with a CAGR of +39.6% from 2012 to 2022. At the same time, Finland (+4.7%) displayed positive paces of growth. By contrast, Norway (-6.9%) illustrated a downward trend over the same period. Sweden (+74 p.p.) significantly strengthened its position in terms of the total imports, while Finland and Norway saw its share reduced by -3.9% and -70.2% from 2012 to 2022, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported compounds with other nitrogen function (excluding isocyanates) in Scandinavia, comprising 83% of total imports. The second position in the ranking was held by Norway ($X), with a 10% share of total imports.

In Sweden, compounds with other nitrogen function imports expanded at an average annual rate of +20.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Norway (-5.0% per year) and Finland (+6.5% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2013 when the import price increased by 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($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 (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform