Sweden: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in Sweden

In 2022, the Swedish saturated acyclic hydrocarbons market increased by 40% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a relatively flat trend pattern. Saturated acyclic hydrocarbons consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Saturated Acyclic Hydrocarbons Exports

Exports from Sweden

In 2022, overseas shipments of saturated acyclic hydrocarbons were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 16,217% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, saturated acyclic hydrocarbons exports contracted significantly to $X in 2022. Overall, exports, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 861%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X tons), Norway (X tons) and Finland (X tons) were the main destinations of saturated acyclic hydrocarbons exports from Sweden, together accounting for 94% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +22.2%), while shipments for the other leaders experienced a decline.

In value terms, Norway ($X) remains the key foreign market for saturated acyclic hydrocarbons exports from Sweden, comprising 60% of total exports. The second position in the ranking was held by Finland ($X), with a 29% share of total exports. It was followed by Denmark, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway amounted to -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-1.5% per year) and Denmark (-2.1% per year).

Export Prices by Country

In 2022, the average saturated acyclic hydrocarbons export price amounted to $X per ton, with a decrease of -38.7% against the previous year. In general, the export price, however, showed prominent growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 1,148%. The export price peaked at $X per ton in 2021, and then fell remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Belgium ($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 Norway (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Saturated Acyclic Hydrocarbons Imports

Imports into Sweden

In 2022, overseas purchases of saturated acyclic hydrocarbons increased by 30% to X tons, rising for the second year in a row after four years of decline. In general, imports saw modest growth. The growth pace was the most rapid in 2021 when imports increased by 149% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, saturated acyclic hydrocarbons imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a mild decline. The pace of growth was the most pronounced in 2021 with an increase of 190%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main saturated acyclic hydrocarbons supplier to Sweden, accounting for a 93% share of total imports. Moreover, saturated acyclic hydrocarbons imports from the United States exceeded the figures recorded by the second-largest supplier, Norway (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +168.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-23.9% per year) and Russia (-28.4% per year).

In value terms, the United States ($X) constituted the largest supplier of saturated acyclic hydrocarbons to Sweden, comprising 92% of total imports. The second position in the ranking was held by Norway ($X), with a 5.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +161.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-25.8% per year) and Russia (-29.0% per year).

Import Prices by Country

The average saturated acyclic hydrocarbons import price stood at $X per ton in 2022, with an increase of 31% against the previous year. Overall, the import price, however, recorded a noticeable slump. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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