Scandinavia: Monophenols Market 2024

Monophenols Market Size in Scandinavia

In 2021, the Scandinavia monophenols market decreased by -2.8% to $X, falling for the second year in a row after five years of growth. The market value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Monophenols Production in Scandinavia

In value terms, monophenols production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 15% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Monophenols Exports

Exports in Scandinavia

In 2021, the amount of monophenols exported in Scandinavia fell to X tons, dropping by -7.5% compared with the year before. Overall, exports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 279%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, monophenols exports skyrocketed to $X in 2021. In general, exports saw a perceptible curtailment. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Finland dominates exports structure, recording X tons, which was approx. 98% of total exports in 2021. Denmark (X tons) held a little share of total exports.

Exports from Finland decreased at an average annual rate of -2.9% from 2012 to 2021. At the same time, Denmark (+41.0%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +41.0% from 2012-2021. Denmark (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -1.9% from 2012 to 2021, respectively.

In value terms, Finland ($X) remains the largest monophenols supplier in Scandinavia, comprising 94% of total exports. The second position in the ranking was held by Denmark ($X), with a 4.3% share of total exports.

In Finland, monophenols exports declined by an average annual rate of -3.9% over the period from 2012-2021.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, jumping by 84% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 232%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per ton), while Finland totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-1.1%).

Monophenols Imports

Imports in Scandinavia

In 2021, approx. X tons of monophenols were imported in Scandinavia; increasing by 65% compared with the year before. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, monophenols imports soared to $X in 2021. Overall, imports continue to indicate a notable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of monophenols, namely Sweden, Finland and Denmark, represented more than two-thirds of total import. It was distantly followed by Norway (X tons), mixing up an 8.5% 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 Finland (with a CAGR of +23.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest monophenols importing markets in Scandinavia were Sweden ($X), Finland ($X) and Denmark ($X), together comprising 92% of total imports.

Among the main importing countries, Finland, with a CAGR of +18.9%, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, surging by 38% against the previous year. Over the period under review, the import price, however, showed a noticeable decline. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

Source: IndexBox Platform