Scandinavia: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Scandinavia

The Scandinavia industrial fatty alcohols market declined to $X in 2021, dropping by -13.4% against the previous year. Over the period under review, consumption saw a mild downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Industrial Fatty Alcohols Production in Scandinavia

In value terms, industrial fatty alcohols production dropped significantly to $X in 2021 estimated in export price. Over the period under review, production showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by 113% against the previous year. As a result, production reached the peak level of $X, and then reduced notably in the following year.

Industrial Fatty Alcohols Exports

Exports in Scandinavia

After two years of decline, overseas shipments of industrial fatty alcohols increased by 87% to X tons in 2021. Over the period under review, exports, however, saw a perceptible downturn. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, industrial fatty alcohols exports amounted to $X in 2021. In general, exports, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2018 when exports increased by 32% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Norway represented the largest exporting country with an export of about X tons, which accounted for 80% of total exports. It was distantly followed by Sweden (X tons), generating a 19% share of total exports.

Exports from Norway decreased at an average annual rate of -1.2% from 2012 to 2021. At the same time, Sweden (+2.4%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +2.4% from 2012-2021. From 2012 to 2021, the share of Norway and Sweden increased by +7.6 and +6.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) and Sweden ($X) appeared to be the countries with the highest levels of exports in 2021.

Sweden, with a CAGR of +7.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, falling by -44.8% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by 49%. As a result, the export price reached the peak level of $X per ton, and then declined remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 (+4.5%).

Industrial Fatty Alcohols Imports

Imports in Scandinavia

After three years of decline, purchases abroad of industrial fatty alcohols increased by 31% to X tons in 2021. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial fatty alcohols imports surged to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Norway (X tons) and Sweden (X tons) were the main importers of industrial fatty alcohols in Scandinavia, together comprising 87% of total imports. It was distantly followed by Finland (X tons), generating a 13% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Sweden (with a CAGR of +4.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest industrial fatty alcohols importing markets in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

Finland, with a CAGR of +3.7%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, growing by 25% against the previous year. Over the period under review, the import price, however, continues to indicate a mild slump. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform