Scandinavia: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in Scandinavia

In 2022, the Scandinavia chemically modified oils market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption enjoyed a significant expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Chemically Modified Oils Production in Scandinavia

In value terms, chemically modified oils production surged to $X in 2022 estimated in export price. Overall, production, however, saw a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production reached the maximum level in 2022 and is likely to continue growth in years to come.

Chemically Modified Oils Exports

Exports in Scandinavia

In 2022, shipments abroad of animal or vegetable fats and oils chemically modified increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, chemically modified oils exports surged to $X in 2022. Over the period under review, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Sweden (X tons) and Norway (X tons) represented the major exporters of animal or vegetable fats and oils chemically modified in 2022, resulting at approx. X% and X% of total exports, respectively. It was distantly followed by Finland (X tons), making up a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Sweden (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

In terms of the main exporting countries, Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, growing by X% against the previous year. In general, the export price posted a remarkable increase. As a result, the export price reached the peak level and is likely to continue 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 Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced mixed trends in the export price figures.

Chemically Modified Oils Imports

Imports in Scandinavia

In 2022, purchases abroad of animal or vegetable fats and oils chemically modified increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, chemically modified oils imports surged to $X in 2022. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Finland (X tons) was the largest importer of animal or vegetable fats and oils chemically modified, making up X% of total imports. Sweden (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Norway (X%).

Finland was also the fastest-growing in terms of the animal or vegetable fats and oils chemically modified imports, with a CAGR of X% from 2012 to 2022. At the same time, Sweden (X%) displayed positive paces of growth. By contrast, Norway (X%) illustrated a downward trend over the same period. Finland (X p.p.) and Sweden (X p.p.) significantly strengthened its position in terms of the total imports, while Norway saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Finland ($X) constitutes the largest market for imported animal or vegetable fats and oils chemically modified in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price posted measured growth. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, 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 Norway (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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