Scandinavia: Trichloroethylene And Tetrachloroethylene Market 2024

Trichloroethylene And Tetrachloroethylene Market Size in Scandinavia

The Scandinavia trichloroethylene and tetrachloroethylene market fell to $X in 2021, waning by -12.8% against the previous year. In general, consumption faced a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Trichloroethylene And Tetrachloroethylene Production in Scandinavia

In value terms, trichloroethylene and tetrachloroethylene production totaled $X in 2021 estimated in export price. Overall, production saw a abrupt descent. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Trichloroethylene And Tetrachloroethylene Exports

Exports in Scandinavia

Trichloroethylene and tetrachloroethylene exports expanded rapidly to X tons in 2021, growing by 13% on the previous year. In general, exports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2013 when exports increased by 207%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, trichloroethylene and tetrachloroethylene exports declined to $X in 2021. Overall, exports, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of 204% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Norway represented the key exporter of trichloroethylene and tetrachloroethylene (perchloroethylene) in Scandinavia, with the volume of exports accounting for X tons, which was near 69% of total exports in 2021. Finland (X tons) held the second position in the ranking, distantly followed by Sweden (X tons). All these countries together held approx. 30% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to trichloroethylene and tetrachloroethylene exports from Norway stood at +3.2%. At the same time, Finland (+6.7%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +6.7% from 2012-2021. By contrast, Sweden (-21.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Norway and Finland increased by +39 and +14 percentage points, respectively.

In value terms, Norway ($X) remains the largest trichloroethylene and tetrachloroethylene supplier in Scandinavia, comprising 63% of total exports. The second position in the ranking was taken by Sweden ($X), with a 28% share of total exports.

In Norway, trichloroethylene and tetrachloroethylene exports declined by an average annual rate of -7.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (-16.6% per year) and Finland (-3.8% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, waning by -19.3% against the previous year. Over the period under review, the export price saw a deep slump. The pace of growth was the most pronounced in 2020 when the export price increased by 32% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat 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 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 (+6.6%), while the other leaders experienced a decline in the export price figures.

Trichloroethylene And Tetrachloroethylene Imports

Imports in Scandinavia

In 2021, trichloroethylene and tetrachloroethylene imports in Scandinavia reduced to X tons, which is down by -9.9% on 2020 figures. Overall, imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2019 with an increase of 20%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, trichloroethylene and tetrachloroethylene imports shrank rapidly to $X in 2021. Over the period under review, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 16%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Sweden (X tons), Denmark (X tons) and Finland (X tons) represented roughly 97% of total imports in 2021. Iceland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (with a CAGR of +8.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 96% share of total imports.

Denmark, with a CAGR of +0.8%, saw the highest growth rate of 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, waning by -8% against the previous year. Over the period under review, the import price saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 an increase of 20%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Denmark ($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 (-2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform