Scandinavia: Market for Phthalic Anhydride, Terephthalic Acid And Its Salts 2024

Market Size for Phthalic Anhydride, Terephthalic Acid And Its Salts in Scandinavia

The Scandinavia market for phthalic anhydride, terephthalic acid and its salts soared to $X in 2021, picking up by 17% against the previous year. Overall, consumption, however, continues to indicate a noticeable descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Phthalic Anhydride, Terephthalic Acid And Its Salts in Scandinavia

In value terms, phthalic anhydride and terephthalic acid production stood at $X in 2021 estimated in export price. In general, production, however, recorded a abrupt slump. The growth pace was the most rapid in 2013 with an increase of 15%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports in Scandinavia

In 2021, after three years of growth, there was significant decline in overseas shipments of phthalic anhydride, terephthalic acid and its salts, when their volume decreased by -60% to X tons. In general, exports showed a pronounced contraction. The pace of growth was the most pronounced in 2015 when exports increased by 156%. Over the period under review, the exports reached the peak figure at X tons in 2020, and then shrank remarkably in the following year.

In value terms, phthalic anhydride and terephthalic acid exports contracted markedly to $X in 2021. Over the period under review, exports showed a perceptible descent. The pace of growth appeared the most rapid in 2015 with an increase of 75% against the previous year. The level of export peaked at $X in 2020, and then fell markedly in the following year.

Exports by Country

Norway (X tons) represented roughly 100% of total exports in 2021.

Norway was also the fastest-growing in terms of the phthalic anhydride, terephthalic acid and its salts exports, with a CAGR of +5.5% from 2012 to 2021. From 2012 to 2021, the share of Norway increased by +49 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) also remains the largest phthalic anhydride and terephthalic acid supplier in Scandinavia.

In Norway, phthalic anhydride and terephthalic acid exports expanded at an average annual rate of +1.8% over the period from 2012-2021.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, rising by 36% against the previous year. In general, the export price, however, saw a slight decrease. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Norway.

From 2012 to 2021, the rate of growth in terms of prices for Norway amounted to -3.5% per year.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports in Scandinavia

Phthalic anhydride and terephthalic acid imports surged to X tons in 2021, increasing by 87% compared with the previous year. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, phthalic anhydride and terephthalic acid imports soared to $X in 2021. Total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Norway (X tons) and Finland (X tons) were the key importers of phthalic anhydride, terephthalic acid and its salts in 2021, finishing at approx. 44% and 40% of total imports, respectively. It was distantly followed by Sweden (X tons), mixing up a 16% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +77.2%), while purchases for the other leaders experienced a decline in the imports figures.

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

Norway, with a CAGR of +69.6%, saw 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 a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, rising by 9.5% against the previous year. Overall, the import price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 when the import price increased by 25%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably 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 Finland (-1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform