Sweden: Market for Lauric Acid And Other Acids, Their Salts And Esters 2025

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Sweden

The Swedish market for lauric acid and other acids, their salts and esters skyrocketed to $X in 2021, growing by 89% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate mild growth. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports from Sweden

In 2021, the amount of lauric acid and other acids, their salts and esters exported from Sweden skyrocketed to X tons, picking up by 25% compared with 2020 figures. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 466%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of lauric acid and other acids, their salts and esters surged to $X in 2021. Overall, exports, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 458% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of lauric acid and other acids, their salts and esters from Sweden, with a 99% share of total exports. It was followed by Poland (X kg), with less than 0.1% share of total exports.

From 2014 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +13.0%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for lauric acid and other acids, their salts and esters exports from Sweden, comprising 97% of total exports. The second position in the ranking was taken by Poland ($X), with less than 0.1% share of total exports.

From 2014 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +6.9%.

Export Prices by Country

The average export price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, waning by -6.7% against the previous year. Over the period under review, the export price continues to indicate a noticeable slump. The growth pace was the most rapid in 2020 when the average export price increased by 29% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+29.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into Sweden

In 2021, the amount of lauric acid and other acids, their salts and esters imported into Sweden skyrocketed to X tons, growing by 84% against the previous year. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, imports of lauric acid and other acids, their salts and esters skyrocketed to $X in 2021. In general, imports continue to indicate pronounced growth. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Finland (X tons) constituted the largest supplier of lauric acid and other acids, their salts and esters to Sweden, with a 41% share of total imports. Moreover, imports of lauric acid and other acids, their salts and esters from Finland exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from Finland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+31.2% per year) and the Netherlands (+24.4% per year).

In value terms, the Netherlands ($X), Indonesia ($X) and Finland ($X) were the largest lauric acid and other acids, their salts and esters suppliers to Sweden, together accounting for 60% of total imports.

Indonesia, with a CAGR of +35.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, rising by 4.6% against the previous year. In general, the import price enjoyed temperate growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 77%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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