Scandinavia: Market for Urea Resins And Thiourea Resins In Primary Forms 2025

Market Size for Urea Resins And Thiourea Resins In Primary Forms in Scandinavia

The Scandinavia urea and thiourea resins market declined to $X in 2022, which is down by -5.3% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Urea Resins And Thiourea Resins In Primary Forms in Scandinavia

In value terms, urea and thiourea resins production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 30%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Urea Resins And Thiourea Resins In Primary Forms

Exports in Scandinavia

In 2022, approx. X tons of urea resins and thiourea resins in primary forms were exported in Scandinavia; waning by -9.5% against the previous year. Overall, exports saw a pronounced decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 10%. 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, urea and thiourea resins exports contracted to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 32% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden represented the largest exporting country with an export of around X tons, which resulted at 61% of total exports. It was distantly followed by Norway (X tons), mixing up a 39% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Norway (with a CAGR of -3.2%).

In value terms, Sweden ($X) and Norway ($X) were the countries with the highest levels of exports in 2022.

Norway, with a CAGR of +1.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, picking up by 10% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2021 an increase of 27%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+4.4%).

Imports of Urea Resins And Thiourea Resins In Primary Forms

Imports in Scandinavia

In 2022, the amount of urea resins and thiourea resins in primary forms imported in Scandinavia dropped to X tons, with a decrease of -5.5% on the previous year. In general, imports saw a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of 7.1%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, urea and thiourea resins imports stood at $X in 2022. Over the period under review, imports saw a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 18%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Sweden prevails in imports structure, finishing at X tons, which was approx. 85% of total imports in 2022. Finland (X tons) ranks second in terms of the total imports with a 9.7% share, followed by Norway (5.2%).

Imports into Sweden decreased at an average annual rate of -11.4% from 2012 to 2022. At the same time, Finland (+8.3%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +8.3% from 2012-2022. By contrast, Norway (-6.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland and Norway increased by +8.3 and +1.8 percentage points, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported urea resins and thiourea resins in primary forms in Scandinavia, comprising 78% of total imports. The second position in the ranking was taken by Finland ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden amounted to -4.7%. In the other countries, the average annual rates were as follows: Finland (+6.1% per year) and Norway (-0.2% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, increasing by 5.8% against the previous year. Import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, urea and thiourea resins import price increased by +34.2% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the import price increased by 43% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: 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 2022, the most notable rate of growth in terms of prices was attained by Sweden (+7.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform