Scandinavia: Cyclohexane Market 2024

Cyclohexane Market Size in Scandinavia

In 2021, the Scandinavia cyclohexane market decreased by -3.5% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Cyclohexane Production in Scandinavia

In value terms, cyclohexane production shrank to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Cyclohexane Exports

Exports in Scandinavia

In 2021, overseas shipments of cyclohexane decreased by -6.4% to X tons, falling for the fourth consecutive year after six years of growth. Overall, exports faced a deep slump. The pace of growth was the most pronounced in 2015 with an increase of 57% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, cyclohexane exports rose significantly to $X in 2021. In general, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by 23%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden was the main exporter of cyclohexane in Scandinavia, with the volume of exports recording X tons, which was approx. 82% of total exports in 2021. It was distantly followed by Finland (X kg), creating an 18% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to cyclohexane exports from Sweden stood at -20.6%. At the same time, Finland (+334.7%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +334.7% from 2012-2021. Finland (+18 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -18.1% from 2012 to 2021, respectively.

In value terms, Sweden ($X) remains the largest cyclohexane supplier in Scandinavia, comprising 84% of total exports. The second position in the ranking was held by Finland ($X), with a 16% share of total exports.

In Sweden, cyclohexane exports plunged by an average annual rate of -6.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, rising by 17% against the previous year. In general, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of 765% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+46.9%).

Cyclohexane Imports

Imports in Scandinavia

In 2021, approx. X tons of cyclohexane were imported in Scandinavia; declining by -31% on the previous year. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 88%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, cyclohexane imports fell significantly to $X in 2021. Over the period under review, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 81% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Finland (X tons) and Sweden (X tons) prevails in imports structure, together generating 97% of total imports. Norway (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Finland (with a CAGR of +19.5%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Finland ($X) constitutes the largest market for imported cyclohexane in Scandinavia, comprising 61% of total imports. The second position in the ranking was taken by Sweden ($X), with a 28% share of total imports.

In Finland, cyclohexane imports expanded at an average annual rate of +9.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (-15.2% per year) and Norway (-8.5% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, picking up by 17% against the previous year. Import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cyclohexane import price decreased by -25.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 33%. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 2021, the most notable rate of growth in terms of prices was attained by Norway (+21.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform