Scandinavia: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Exports

Exports in Scandinavia

In 2022, exports of esters of acrylic acid in Scandinavia shrank notably to X tons, which is down by -67.1% against the previous year's figure. Over the period under review, exports showed a deep reduction. The growth pace was the most rapid in 2017 with an increase of 9,893%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, acrylic acid esters exports dropped dramatically to $X in 2022. Overall, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 1,717% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Finland (X tons) was the major exporter of esters of acrylic acid, committing 85% of total exports. It was distantly followed by Sweden (X tons), generating a 12% share of total exports. Norway (X tons) followed a long way behind the leaders.

Exports from Finland decreased at an average annual rate of -14.2% from 2012 to 2022. Sweden (-10.8%) and Norway (-15.7%) illustrated a downward trend over the same period. Sweden (+3.6 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -2.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X), Sweden ($X) and Norway ($X) constituted the countries with the highest levels of exports in 2022.

Norway, with a CAGR of -12.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, which is down by -18.9% against the previous year. Over the period under review, the export price continues to indicate a mild slump. The pace of growth was the most pronounced in 2013 an increase of 270% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland ($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 (+4.1%), while the other leaders experienced a decline in the export price figures.

Acrylic Acid Esters Imports

Imports in Scandinavia

In 2022, supplies from abroad of esters of acrylic acid decreased by -22.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, acrylic acid esters imports reduced to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 89% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Sweden was the largest importing country with an import of around X tons, which resulted at 61% of total imports. It was distantly followed by Finland (X tons), generating a 37% share of total imports. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +1.5%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest acrylic acid esters importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Among the main importing countries, Sweden, with a CAGR of +2.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, with an increase of 17% against the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acrylic acid esters import price increased by +76.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by 50% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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 Finland (+4.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform