Scandinavia: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Scandinavia

The Scandinavia aromatic hydrocarbon mixtures market soared to $X in 2022, with an increase of 31% against the previous year. Over the period under review, consumption, however, saw a perceptible slump. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Aromatic Hydrocarbon Mixtures Production in Scandinavia

In value terms, aromatic hydrocarbon mixtures production expanded notably to $X in 2022 estimated in export price. In general, production, however, saw a abrupt setback. The growth pace was the most rapid in 2019 when the production volume increased by 44%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Aromatic Hydrocarbon Mixtures Exports

Exports in Scandinavia

Aromatic hydrocarbon mixtures exports declined to X tons in 2022, which is down by -8.3% against 2021. In general, exports showed a pronounced downturn. The pace of growth was the most pronounced in 2021 when exports increased by 22%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, aromatic hydrocarbon mixtures exports soared to $X in 2022. Overall, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 83% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden was the key exporter of naphthalene and other aromatic hydrocarbon mixtures in Scandinavia, with the volume of exports accounting for X tons, which was approx. 77% of total exports in 2022. Finland (X tons) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Norway (7.5%).

From 2012 to 2022, average annual rates of growth with regard to aromatic hydrocarbon mixtures exports from Sweden stood at -6.1%. At the same time, Norway (+151.6%) and Finland (+122.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +151.6% from 2012-2022. While the share of Finland (+16 p.p.) and Norway (+7.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (-23.1 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest aromatic hydrocarbon mixtures supplier in Scandinavia, comprising 78% of total exports. The second position in the ranking was taken by Finland ($X), with a 15% share of total exports.

In Sweden, aromatic hydrocarbon mixtures exports shrank by an average annual rate of -7.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (+81.6% per year) and Norway (+108.4% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, picking up by 31% against the previous year. Overall, the export price, however, saw a slight shrinkage. The growth pace was the most rapid in 2021 when the export price increased by 50%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Sweden (-1.1%), while the other leaders experienced a decline in the export price figures.

Aromatic Hydrocarbon Mixtures Imports

Imports in Scandinavia

In 2022, supplies from abroad of naphthalene and other aromatic hydrocarbon mixtures decreased by -68.7% to X tons, falling for the second consecutive year after three years of growth. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 119% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, aromatic hydrocarbon mixtures imports dropped dramatically to $X in 2022. Overall, imports saw a abrupt setback. The growth pace was the most rapid in 2019 when imports increased by 94% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden represented the major importing country with an import of around X tons, which resulted at 80% of total imports. Norway (X tons) held the second position in the ranking, followed by Finland (X tons). All these countries together held near 20% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to aromatic hydrocarbon mixtures imports into Sweden stood at -14.4%. At the same time, Norway (+2.0%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +2.0% from 2012-2022. By contrast, Finland (-26.8%) illustrated a downward trend over the same period. While the share of Sweden (+13 p.p.) and Norway (+11 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (-23.4 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported naphthalene and other aromatic hydrocarbon mixtures in Scandinavia, comprising 73% of total imports. The second position in the ranking was taken by Norway ($X), with an 18% share of total imports.

In Sweden, aromatic hydrocarbon mixtures imports plunged by an average annual rate of -12.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Norway (+3.7% per year) and Finland (-24.1% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, picking up by 71% against the previous year. Overall, the import price posted a measured increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform