Scandinavia: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Scandinavia

The Scandinavia oxygen-function amino-compound market soared to $X in 2021, picking up by 50% against the previous year. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Oxygen-Function Amino-Compound Production in Scandinavia

In value terms, oxygen-function amino-compound production fell modestly to $X in 2021 estimated in export price. In general, production showed a abrupt setback. The pace of growth appeared the most rapid in 2015 when the production volume increased by 40% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Oxygen-Function Amino-Compound Exports

Exports in Scandinavia

Oxygen-function amino-compound exports fell to X tons in 2021, with a decrease of -12.8% compared with the previous year. The total export volume increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 11% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, oxygen-function amino-compound exports reached $X in 2021. In general, exports saw a slight contraction. The growth pace was the most rapid in 2014 with an increase of 16%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden was the main exporting country with an export of about X tons, which accounted for 88% of total exports. It was distantly followed by Norway (X tons), making up an 11% share of total exports.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of oxygen-function amino-compounds. At the same time, Norway (+10.4%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +10.4% from 2012-2021. While the share of Norway (+6.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-5.4 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest oxygen-function amino-compound supplier in Scandinavia, comprising 74% of total exports. The second position in the ranking was taken by Norway ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Sweden totaled -2.5%.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, surging by 26% against the previous year. Over the period under review, the export price, however, showed a noticeable contraction. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Norway ($X per ton), while Sweden stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-3.2%).

Oxygen-Function Amino-Compound Imports

Imports in Scandinavia

In 2021, after two years of decline, there was significant growth in supplies from abroad of oxygen-function amino-compounds, when their volume increased by 8.4% to X tons. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, oxygen-function amino-compound imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Finland (X tons) and Sweden (X tons) were the major importers of oxygen-function amino-compounds in Scandinavia, together achieving 71% of total imports. It was distantly followed by Norway (X tons), making up a 29% 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 Norway (with a CAGR of +4.4%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) constituted the countries with the highest levels of imports in 2021.

In terms of the main importing countries, Norway, with a CAGR of +5.0%, 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, growing by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. 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, amid the top importers, 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 Sweden (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform