Sweden: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Sweden

In 2022, the Swedish aromatic hydrocarbon mixtures market decreased by -17.6% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption showed a deep slump. Aromatic hydrocarbon mixtures consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Aromatic Hydrocarbon Mixtures Production in Sweden

In value terms, aromatic hydrocarbon mixtures production declined to $X in 2022 estimated in export price. Overall, production showed a drastic downturn. The growth pace was the most rapid in 2019 with an increase of 43% against the previous year. Aromatic hydrocarbon mixtures production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Aromatic Hydrocarbon Mixtures Exports

Exports from Sweden

In 2022, exports of naphthalene and other aromatic hydrocarbon mixtures from Sweden fell to X tons, reducing by -9.4% against 2021 figures. In general, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 154% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, aromatic hydrocarbon mixtures exports soared to $X in 2022. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 258%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for aromatic hydrocarbon mixtures exports from Sweden, accounting for a 52% share of total exports. Moreover, aromatic hydrocarbon mixtures exports to the Netherlands exceeded the volume sent to the second major destination, Belgium (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+15.8% per year) and the United States (+11.3% per year).

In value terms, the Netherlands ($X) remains the key foreign market for naphthalene and other aromatic hydrocarbon mixtures exports from Sweden, comprising 48% of total exports. The second position in the ranking was taken by Belgium ($X), with a 23% share of total exports. It was followed by Norway, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled -12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+13.6% per year) and Norway (+58.2% per year).

Export Prices by Country

In 2022, the average aromatic hydrocarbon mixtures export price amounted to $X per ton, growing by 30% against the previous year. In general, the export price, however, showed a slight contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 41% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Hydrocarbon Mixtures Imports

Imports into Sweden

In 2022, after five years of growth, there was significant decline in supplies from abroad of naphthalene and other aromatic hydrocarbon mixtures, when their volume decreased by -12% to X tons. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 178%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, aromatic hydrocarbon mixtures imports skyrocketed to $X in 2022. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 175% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Denmark (X tons) constituted the largest aromatic hydrocarbon mixtures supplier to Sweden, with a 65% share of total imports. Moreover, aromatic hydrocarbon mixtures imports from Denmark exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark totaled +67.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-21.1% per year) and Belgium (+40.5% per year).

In value terms, Denmark ($X) constituted the largest supplier of naphthalene and other aromatic hydrocarbon mixtures to Sweden, comprising 62% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 20% share of total imports. It was followed by Belgium, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Denmark totaled +61.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-17.3% per year) and Belgium (+35.7% per year).

Import Prices by Country

The average aromatic hydrocarbon mixtures import price stood at $X per ton in 2022, surging by 51% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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