Scandinavia: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Scandinavia

In 2022, the Scandinavia polycarboxylic acid market increased by 0.9% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Polycarboxylic Acid Production in Scandinavia

In value terms, polycarboxylic acid production soared to $X in 2022 estimated in export price. Overall, production continues to indicate a significant expansion. The growth pace was the most rapid in 2014 with an increase of 579%. The level of production peaked in 2022 and is likely to see steady growth in the near future.

Polycarboxylic Acid Exports

Exports in Scandinavia

In 2022, exports of polycarboxylic acids in Scandinavia contracted to X tons, shrinking by -12.3% compared with the previous year's figure. In general, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 48%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, polycarboxylic acid exports dropped to $X in 2022. Over the period under review, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 29%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden prevails in exports structure, finishing at X tons, which was near 83% of total exports in 2022. Norway (X tons) took an 8.4% share (based on physical terms) of total exports, which put it in second place, followed by Finland (8.4%).

From 2012 to 2022, average annual rates of growth with regard to polycarboxylic acid exports from Sweden stood at -22.6%. At the same time, Norway (+2.5%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +2.5% from 2012-2022. By contrast, Finland (-31.7%) illustrated a downward trend over the same period. While the share of Sweden (+9.4 p.p.) and Norway (+7.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Finland (-17.3 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest polycarboxylic acid supplier in Scandinavia, comprising 93% of total exports. The second position in the ranking was taken by Finland ($X), with a 4% share of total exports.

In Sweden, polycarboxylic acid exports shrank by an average annual rate of -12.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (-25.7% per year) and Norway (+2.3% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, rising by 7.3% against the previous year. In general, the export price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 an increase of 94% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+13.4%), while the other leaders experienced mixed trends in the export price figures.

Polycarboxylic Acid Imports

Imports in Scandinavia

In 2022, approx. X tons of polycarboxylic acids were imported in Scandinavia; which is down by -11.7% on 2021 figures. Over the period under review, imports saw a noticeable contraction. The growth pace was the most rapid in 2021 with an increase of 10% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, polycarboxylic acid imports reached $X in 2022. In general, imports recorded a slight reduction. The growth pace was the most rapid in 2021 with an increase of 46%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X tons) was the largest importer of polycarboxylic acids, constituting 52% of total imports. It was distantly followed by Finland (X tons) and Norway (X tons), together comprising a 48% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Norway (with a CAGR of +1.8%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2022.

Norway, with a CAGR of +2.6%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in Scandinavia stood at $X per ton in 2022, picking up by 17% against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polycarboxylic acid import price increased by +56.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 33%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Finland (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform