Scandinavia: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Scandinavia

In 2021, the Scandinavia cyclic hydrocarbons market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, continues to indicate a pronounced slump. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Cyclic Hydrocarbons Production in Scandinavia

In value terms, cyclic hydrocarbons production rose slightly to $X in 2021 estimated in export price. Overall, production, however, saw a slight downturn. The growth pace was the most rapid in 2013 when the production volume increased by 31% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Cyclic Hydrocarbons Exports

Exports in Scandinavia

Cyclic hydrocarbons exports declined sharply to X tons in 2021, dropping by -92.7% compared with the year before. Overall, exports recorded a significant decline. The most prominent rate of growth was recorded in 2015 when exports increased by 331% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, cyclic hydrocarbons exports declined significantly to $X in 2021. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 167% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Denmark (X tons) represented the main exporter of other cyclic hydrocarbons, constituting 47% of total exports. Sweden (X tons) took the second position in the ranking, followed by Norway (X tons). All these countries together took approx. 52% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Denmark (with a CAGR of +28.1%), while the other leaders experienced a decline in the exports figures.

In value terms, Denmark ($X) remains the largest cyclic hydrocarbons supplier in Scandinavia, comprising 67% of total exports. The second position in the ranking was held by Sweden ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Denmark stood at +19.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (+8.6% per year) and Norway (-27.9% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, surging by 759% against the previous year. In general, the export price saw a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per ton), while Norway ($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 (+9.2%), while the other leaders experienced a decline in the export price figures.

Cyclic Hydrocarbons Imports

Imports in Scandinavia

In 2021, cyclic hydrocarbons imports in Scandinavia declined significantly to X tons, with a decrease of -49.1% against the previous year's figure. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 166%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports declined to $X in 2021. Over the period under review, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2015 when imports increased by 112%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) represented the largest importer of other cyclic hydrocarbons, committing 52% of total imports. Norway (X tons) held the second position in the ranking, followed by Finland (X tons) and Denmark (X tons). All these countries together held approx. 48% share of total imports.

Imports into Sweden decreased at an average annual rate of -8.1% from 2012 to 2021. At the same time, Norway (+15.3%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +15.3% from 2012-2021. By contrast, Denmark (-7.8%) and Finland (-29.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden, Norway and Denmark increased by +34, +19 and +5.6 percentage points, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported other cyclic hydrocarbons in Scandinavia, comprising 51% of total imports. The second position in the ranking was held by Norway ($X), with a 21% share of total imports. It was followed by Denmark, with a 17% share.

In Sweden, cyclic hydrocarbons imports plunged by an average annual rate of -3.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Norway (+18.1% per year) and Denmark (-7.3% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, jumping by 86% against the previous year. Overall, the import price continues to indicate prominent growth. As a result, import price reached 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 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 (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform