Scandinavia: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Scandinavia

In 2021, the Scandinavia aromatic hydrocarbons derivatives market decreased by -0.1% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, enjoyed resilient growth. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Aromatic Hydrocarbons Derivatives Production in Scandinavia

In value terms, aromatic hydrocarbons derivatives production rose modestly to $X in 2021 estimated in export price. Overall, production showed a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 92% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Aromatic Hydrocarbons Derivatives Exports

Exports in Scandinavia

In 2021, overseas shipments of halogenated derivatives of aromatic hydrocarbons decreased by -7.9% to X tons, falling for the second year in a row after two years of growth. In general, exports faced a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 159%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, aromatic hydrocarbons derivatives exports dropped to $X in 2021. Over the period under review, exports faced a precipitous decline. The pace of growth appeared the most rapid in 2019 when exports increased by 250% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Norway represented the main exporter of halogenated derivatives of aromatic hydrocarbons in Scandinavia, with the volume of exports accounting for X tons, which was approx. 63% of total exports in 2021. It was distantly followed by Sweden (X tons), committing a 37% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Sweden (with a CAGR of -1.5%).

In value terms, Sweden ($X) remains the largest aromatic hydrocarbons derivatives supplier in Scandinavia, comprising 90% of total exports. The second position in the ranking was taken by Norway ($X), with a 9.6% share of total exports.

In Sweden, aromatic hydrocarbons derivatives exports expanded at an average annual rate of +14.0% 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 -3.3% against the previous year. Over the period under review, the export price saw a deep downturn. The pace of growth appeared the most rapid in 2020 when the export price increased by 54% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, 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 Norway stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+15.8%).

Aromatic Hydrocarbons Derivatives Imports

Imports in Scandinavia

In 2021, approx. X tons of halogenated derivatives of aromatic hydrocarbons were imported in Scandinavia; which is down by -44.3% compared with the year before. Overall, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 302%. As a result, imports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, aromatic hydrocarbons derivatives imports rose rapidly to $X in 2021. In general, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 89%. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Finland prevails in imports structure, recording X tons, which was near 87% of total imports in 2021. It was distantly followed by Norway (X tons), constituting a 9.2% share of total imports. Sweden (X tons) followed a long way behind the leaders.

Finland was also the fastest-growing in terms of the halogenated derivatives of aromatic hydrocarbons imports, with a CAGR of -2.3% from 2012 to 2021. Norway (-5.1%) and Sweden (-19.8%) illustrated a downward trend over the same period. Finland (+10 p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by -10.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) constitutes the largest market for imported halogenated derivatives of aromatic hydrocarbons in Scandinavia, comprising 78% of total imports. The second position in the ranking was held by Sweden ($X), with a 9% share of total imports.

In Finland, aromatic hydrocarbons derivatives imports contracted by an average annual rate of -1.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (-9.3% per year) and Norway (-7.6% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, surging by 105% against the previous year. In general, the import price continues to indicate slight growth. The most prominent rate of growth was recorded in 2014 an increase of 181% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 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 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 (+13.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform