Scandinavia: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Scandinavia

In 2021, after two years of decline, there was significant growth in the Scandinavia industrial monocarboxylic fatty acids market, when its value increased by 18% to $X. The total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Industrial Monocarboxylic Fatty Acids in Scandinavia

In value terms, industrial monocarboxylic fatty acids production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2014 with an increase of 46%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Industrial Monocarboxylic Fatty Acids

Exports in Scandinavia

In 2021, after four years of decline, there was significant growth in overseas shipments of industrial monocarboxylic fatty acids, when their volume increased by 60% to X tons. Overall, exports, however, showed a drastic downturn. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, industrial monocarboxylic fatty acids exports skyrocketed to $X in 2021. In general, exports, however, saw a deep reduction. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X tons) and Sweden (X tons) prevails in exports structure, together comprising 91% of total exports. It was distantly followed by Norway (X tons), creating an 8.7% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of -5.7%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest industrial monocarboxylic fatty acids supplying countries in Scandinavia were Denmark ($X), Sweden ($X) and Norway ($X), with a combined 100% share of total exports.

Sweden, with a CAGR of -4.4%, saw the highest growth rate of the value of exports, in terms of 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

The export price in Scandinavia stood at $X per ton in 2021, rising by 36% against the previous year. Over the period under review, the export price, however, recorded a noticeable contraction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, 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 (+1.7%), while the other leaders experienced a decline in the export price figures.

Imports of Industrial Monocarboxylic Fatty Acids

Imports in Scandinavia

In 2021, supplies from abroad of industrial monocarboxylic fatty acids decreased by less than 0.1% to X tons, falling for the second year in a row after four years of growth. Total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.7% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 64%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, industrial monocarboxylic fatty acids imports surged to $X in 2021. Overall, imports, however, continue to indicate mild growth. The most prominent rate of growth was recorded in 2017 with an increase of 95% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Sweden (X tons) was the major importer of industrial monocarboxylic fatty acids, achieving 57% of total imports. It was distantly followed by Denmark (X tons) and Finland (X tons), together creating a 41% share of total imports. Norway (X tons) held a minor share of total imports.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of industrial monocarboxylic fatty acids. At the same time, Finland (+26.6%), Denmark (+1.8%) and Norway (+1.5%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +26.6% from 2012-2021. Finland (+13 p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by -12.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 97% of total imports.

Finland, with a CAGR of +26.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, increasing by 36% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Norway ($X per ton) and Denmark ($X per ton), while Sweden ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+1.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform