Scandinavia: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2025

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Scandinavia

In 2021, the Scandinavia market for palmitic acid, stearic acid, their salts and esters increased by 84% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a perceptible expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in Scandinavia

In value terms, production of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 77%. As a result, production reached the peak level of $X. From 2015 to 2021, production of growth remained at a lower figure.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports in Scandinavia

In 2021, the amount of palmitic acid, stearic acid, their salts and esters exported in Scandinavia dropped rapidly to X tons, with a decrease of -19.3% against the previous year. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by 29%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of palmitic acid, stearic acid, their salts and esters shrank significantly to $X in 2021. Overall, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 15%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Sweden prevails in esters structure, recording X tons, which was approx. 92% of total exports in 2021. The following exporters - Denmark (X tons) and Finland (X tons) - each resulted at a 7.3% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to palmitic acid, stearic acid, their salts and esters exports from Sweden stood at -7.7%. At the same time, Finland (+41.7%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +41.7% from 2012-2021. By contrast, Denmark (-9.5%) illustrated a downward trend over the same period. While the share of Sweden (+12 p.p.) and Finland (+3.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest palmitic acid, stearic acid, their salts and esters supplier in Scandinavia, comprising 84% of total exports. The second position in the ranking was held by Denmark ($X), with a 7.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden stood at -10.0%. In the other countries, the average annual rates were as follows: Denmark (-8.7% per year) and Finland (+25.3% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, picking up by 2.7% against the previous year. In general, the export price, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2018 an increase of 14% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Sweden ($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 (+0.9%), while the other leaders experienced a decline in the export price figures.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports in Scandinavia

In 2021, supplies from abroad of palmitic acid, stearic acid, their salts and esters increased by 40% to X tons, rising for the fifth consecutive year after two years of decline. Total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +116.5% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of palmitic acid, stearic acid, their salts and esters soared to $X in 2021. Over the period under review, imports enjoyed moderate growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) represented the largest importer of palmitic acid, stearic acid, their salts and esters, making up 59% of total imports. Finland (X tons) ranks second in terms of the total imports with a 27% share, followed by Denmark (12%). Norway (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to palmitic acid, stearic acid, their salts and esters imports into Sweden stood at +2.8%. At the same time, Finland (+15.6%) and Denmark (+14.5%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +15.6% from 2012-2021. By contrast, Norway (-20.1%) illustrated a downward trend over the same period. Finland (+16 p.p.) and Denmark (+7 p.p.) significantly strengthened its position in terms of the total imports, while Sweden and Norway saw its share reduced by -7.8% and -15.5% from 2012 to 2021, respectively.

In value terms, Sweden ($X), Finland ($X) and Denmark ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 98% of total imports.

Among the main importing countries, Finland, with a CAGR of +13.8%, 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, picking up by 19% against the previous year. Over the period under review, the import price, however, recorded a slight descent. Over the period under review, import prices attained the peak figure 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 Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+7.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform