Scandinavia: Market for Oils And Other Products Of The Distillation Of High Temperature Coal Tar 2025

Market Size for Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Scandinavia

The Scandinavia oils from coal tar market dropped notably to $X in 2021, with a decrease of -53.2% against the previous year. Over the period under review, consumption recorded a abrupt downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Scandinavia

In value terms, oils from coal tar production shrank remarkably to $X in 2021 estimated in export price. In general, production recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 52%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Exports in Scandinavia

For the third consecutive year, Scandinavia recorded growth in overseas shipments of oils and other products of the distillation of high temperature coal tar, which increased by 45% to X tons in 2021. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2019 when exports increased by 118% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, oils from coal tar exports skyrocketed to $X in 2021. Overall, exports saw a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark represented the main exporter of oils and other products of the distillation of high temperature coal tar in Scandinavia, with the volume of exports amounting to X tons, which was approx. 55% of total exports in 2021. Finland (X tons) took a 24% share (based on physical terms) of total exports, which put it in second place, followed by Sweden (20%).

Exports from Denmark increased at an average annual rate of +40.6% from 2012 to 2021. At the same time, Finland (+62.5%) and Sweden (+6.7%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +62.5% from 2012-2021. While the share of Denmark (+38 p.p.) and Finland (+22 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-54 p.p.) displayed negative dynamics.

In value terms, Denmark ($X) remains the largest oils from coal tar supplier in Scandinavia, comprising 55% of total exports. The second position in the ranking was held by Finland ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Denmark totaled +31.6%. In the other countries, the average annual rates were as follows: Finland (+49.8% per year) and Sweden (-0.4% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, increasing by 40% against the previous year. Overall, the export price, however, recorded a abrupt downturn. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, 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 Denmark (-6.4%), while the other leaders experienced a decline in the export price figures.

Imports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Imports in Scandinavia

For the fourth consecutive year, Scandinavia recorded growth in purchases abroad of oils and other products of the distillation of high temperature coal tar, which increased by 22% to X tons in 2021. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 232%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, oils from coal tar imports surged to $X in 2021. In general, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 174%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

Denmark (X tons) and Sweden (X tons) dominates imports structure, together committing 94% of total imports. It was distantly followed by Finland (X tons), generating a 5.4% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (with a CAGR of +43.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oils from coal tar importing markets in Scandinavia were Denmark ($X), Sweden ($X) and Finland ($X), with a combined 99% share of total imports.

Denmark, with a CAGR of +33.6%, recorded the highest rates of growth with regard to 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

In 2021, the import price in Scandinavia amounted to $X per ton, growing by 34% against the previous year. Overall, the import price, however, saw a deep reduction. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Finland ($X per ton), while Denmark ($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 (-2.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform