Scandinavia: Market for Lauric Acid And Other Acids, Their Salts And Esters 2024

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Scandinavia

The Scandinavia market for lauric acid and other acids, their salts and esters surged to $X in 2021, jumping by 52% against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +70.2% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Lauric Acid And Other Acids, Their Salts And Esters in Scandinavia

In value terms, production of lauric acid and other acids, their salts and esters amounted to $X in 2021 estimated in export price. Overall, production saw a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of 61%. As a result, production attained the peak level of $X. From 2015 to 2021, production of growth failed to regain momentum.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports in Scandinavia

In 2021, shipments abroad of lauric acid and other acids, their salts and esters decreased by -12.6% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 277% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of lauric acid and other acids, their salts and esters expanded to $X in 2021. Overall, exports showed a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 62% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Finland (X tons) was the main exporter of lauric acid and other acids, their salts and esters, comprising 80% of total exports. It was distantly followed by Denmark (X tons), committing a 17% share of total exports. Norway (X tons) took a little share of total exports.

Finland was also the fastest-growing in terms of the lauric acid and other acids, their salts and esters exports, with a CAGR of -1.6% from 2012 to 2021. Denmark (-2.8%) and Norway (-33.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Finland and Denmark increased by +31 and +5.3 percentage points, respectively.

In value terms, the largest lauric acid and other acids, their salts and esters supplying countries in Scandinavia were Finland ($X), Denmark ($X) and Norway ($X), with a combined 99% share of total exports.

In terms of the main exporting countries, Finland, with a CAGR of -0.1%, saw the highest growth rate of the value of exports, 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 16% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2015 an increase of 72% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Denmark ($X per ton), while Finland ($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 (+1.5%), while the other leaders experienced a decline in the export price figures.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports in Scandinavia

Imports of lauric acid and other acids, their salts and esters surged to X tons in 2021, picking up by 101% compared with the year before. Over the period under review, imports posted modest growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of lauric acid and other acids, their salts and esters soared to $X in 2021. Overall, imports posted a temperate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden was the main importer of lauric acid and other acids, their salts and esters in Scandinavia, with the volume of imports amounting to X tons, which was approx. 53% of total imports in 2021. It was distantly followed by Finland (X tons), Denmark (X tons) and Norway (X tons), together constituting a 47% share of total imports.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of lauric acid and other acids, their salts and esters. At the same time, Denmark (+10.6%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +10.6% from 2012-2021. Finland experienced a relatively flat trend pattern. By contrast, Norway (-8.3%) illustrated a downward trend over the same period. While the share of Finland (+18 p.p.) and Denmark (+9.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Sweden (-9.6 p.p.) and Norway (-17.7 p.p.) displayed negative dynamics.

In value terms, the largest lauric acid and other acids, their salts and esters importing markets in Scandinavia were Sweden ($X), Finland ($X) and Denmark ($X), with a combined 93% share of total imports.

In terms of the main importing countries, Denmark, with a CAGR of +11.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, jumping by 24% against the previous year. Import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 46% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Finland ($X per ton), while Norway ($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 (+2.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform