Scandinavia: Formaldehyde Market 2024

Formaldehyde Market Size in Scandinavia

The Scandinavia formaldehyde market shrank markedly to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a deep slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Formaldehyde Production in Scandinavia

In value terms, formaldehyde production expanded remarkably to $X in 2022 estimated in export price. In general, production saw a abrupt decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Formaldehyde Exports

Exports in Scandinavia

In 2022, approx. X tons of formaldehyde were exported in Scandinavia; which is down by X% against the previous year's figure. Overall, exports, however, showed a strong increase. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then shrank notably in the following year.

In value terms, formaldehyde exports declined sharply to $X in 2022. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then reduced dramatically in the following year.

Exports by Country

Finland represented the key exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Norway (X tons), creating a X% share of total exports. Sweden (X tons) followed a long way behind the leaders.

Finland was also the fastest-growing in terms of the formaldehyde exports, with a CAGR of X% from 2012 to 2022. At the same time, Norway (X%) displayed positive paces of growth. By contrast, Sweden (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland increased by X percentage points.

In value terms, Finland ($X) emerged as the largest formaldehyde supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Finland totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (X% per year) and Sweden (X% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Formaldehyde Imports

Imports in Scandinavia

In 2022, imports of formaldehyde in Scandinavia declined markedly to X tons, with a decrease of X% compared with 2021 figures. Overall, imports recorded a slight setback. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then shrank notably in the following year.

In value terms, formaldehyde imports fell remarkably to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

Sweden dominates imports structure, resulting at X tons, which was approx. X% of total imports in 2022. Norway (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to formaldehyde imports into Sweden stood at X%. Norway (X%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported formaldehyde in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Sweden was relatively modest.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, growing by X% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, formaldehyde import price decreased by X% against 2020 indices. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden totaled $X per ton.

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

Source: IndexBox Platform