Scandinavia: Sulphonamides Market 2024

Sulphonamides Market Size in Scandinavia

The Scandinavia sulphonamides market amounted to $X in 2021, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the immediate term.

Sulphonamides Production in Scandinavia

In value terms, sulphonamides production rose significantly to $X in 2021 estimated in export price. Overall, production, however, showed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 90%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Sulphonamides Exports

Exports in Scandinavia

In 2021, exports of sulphonamides in Scandinavia declined rapidly to X tons, falling by -32.8% against the previous year's figure. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 297% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, sulphonamides exports contracted dramatically to $X in 2021. Over the period under review, exports faced a precipitous contraction. The pace of growth appeared the most rapid in 2017 with an increase of 127% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Denmark (X tons), Finland (X tons) and Norway (X tons), together resulting at 100% of total export.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +24.9%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Denmark ($X), Finland ($X) and Norway ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 85% share of total exports.

Norway, with a CAGR of +6.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, dropping by -5.4% against the previous year. Overall, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2019 when the export price increased by 166% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 Finland (+2.7%), while the other leaders experienced a decline in the export price figures.

Sulphonamides Imports

Imports in Scandinavia

In 2021, sulphonamides imports in Scandinavia expanded rapidly to X tons, with an increase of 9.3% compared with the previous year. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 31%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, sulphonamides imports rose to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 19%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Sweden was the main importing country with an import of around X tons, which resulted at 68% of total imports. Finland (X tons) took the second position in the ranking, distantly followed by Denmark (X tons). All these countries together held near 29% share of total imports. Iceland (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the sulphonamides imports, with a CAGR of +7.2% from 2012 to 2021. At the same time, Iceland (+2.3%) displayed positive paces of growth. By contrast, Finland (-8.1%) and Denmark (-11.4%) illustrated a downward trend over the same period. Sweden (+34 p.p.) significantly strengthened its position in terms of the total imports, while Denmark and Finland saw its share reduced by -11.3% and -22.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported sulphonamides in Scandinavia, comprising 65% of total imports. The second position in the ranking was taken by Finland ($X), with a 24% share of total imports. It was followed by Denmark, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden amounted to +3.2%. The remaining importing countries recorded the following average annual rates of imports growth: Finland (-2.2% per year) and Denmark (-12.1% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, shrinking by -4.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 20% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Iceland ($X per ton), while Sweden ($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 (+6.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform