Scandinavia: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Scandinavia

The Scandinavia unsaturated acyclic hydrocarbons market fell to $X in 2021, which is down by -11.2% against the previous year. In general, consumption continues to indicate a deep setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Unsaturated Acyclic Hydrocarbons Production in Scandinavia

In value terms, unsaturated acyclic hydrocarbons production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 62%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Exports

Exports in Scandinavia

In 2021, shipments abroad of unsaturated acyclic hydrocarbons increased by 30% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 104% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, unsaturated acyclic hydrocarbons exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 74%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden was the major exporter of unsaturated acyclic hydrocarbons in Scandinavia, with the volume of exports finishing at X tons, which was near 80% of total exports in 2021. It was distantly followed by Denmark (X tons), achieving a 19% share of total exports.

Sweden was also the fastest-growing in terms of the unsaturated acyclic hydrocarbons exports, with a CAGR of +5.6% from 2012 to 2021. Denmark experienced a relatively flat trend pattern. While the share of Sweden (+29 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Denmark (-2.4 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) and Denmark ($X) constituted the countries with the highest levels of exports in 2021.

Among the main exporting countries, Sweden, with a CAGR of -2.9%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, dropping by -8.9% against the previous year. In general, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the export price increased by 26%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (-3.3%).

Unsaturated Acyclic Hydrocarbons Imports

Imports in Scandinavia

In 2021, the amount of unsaturated acyclic hydrocarbons imported in Scandinavia soared to X tons, rising by 18% compared with the previous year. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.4% against 2015 indices. The pace of growth appeared the most rapid in 2019 with an increase of 37%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, unsaturated acyclic hydrocarbons imports rose rapidly to $X in 2021. Over the period under review, imports, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Sweden (X tons) and Finland (X tons) prevails in imports structure, together comprising 88% of total imports. It was distantly followed by Norway (X tons), constituting an 8% share of total imports. Denmark (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +16.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constitutes the largest market for imported unsaturated acyclic hydrocarbons in Scandinavia, comprising 56% of total imports. The second position in the ranking was taken by Finland ($X), with a 26% share of total imports. It was followed by Norway, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Sweden amounted to -4.0%. The remaining importing countries recorded the following average annual rates of imports growth: Finland (+5.8% per year) and Norway (-6.3% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, shrinking by -9.9% against the previous year. Overall, the import price showed a abrupt decline. The pace of growth appeared the most rapid in 2020 an increase of 18%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Denmark ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform