Scandinavia: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Scandinavia

In 2022, the Scandinavia cyclic hydrocarbons market was finally on the rise to reach $X after three years of decline. Overall, consumption showed a precipitous descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cyclic Hydrocarbons Production in Scandinavia

In value terms, cyclic hydrocarbons production dropped modestly to $X in 2022 estimated in export price. In general, production, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Cyclic Hydrocarbons Exports

Exports in Scandinavia

For the fourth consecutive year, Scandinavia recorded decline in overseas shipments of other cyclic hydrocarbons, which decreased by X% to X tons in 2022. In general, exports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, cyclic hydrocarbons exports fell remarkably to $X in 2022. Over the period under review, exports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden represented the major exporter of other cyclic hydrocarbons in Scandinavia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Norway (X tons) ranks second in terms of the total exports with a X% share, followed by Finland (X%).

Exports from Sweden decreased at an average annual rate of X% from 2012 to 2022. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. By contrast, Norway (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest cyclic hydrocarbons supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports.

In Sweden, cyclic hydrocarbons exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (X% per year) and Finland (X% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 a decline in the export price figures.

Cyclic Hydrocarbons Imports

Imports in Scandinavia

In 2022, overseas purchases of other cyclic hydrocarbons increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports soared to $X in 2022. In general, imports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X tons) represented the major importer of other cyclic hydrocarbons, creating X% of total imports. Finland (X tons) held the second position in the ranking, followed by Norway (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cyclic hydrocarbons imports into Sweden stood at X%. At the same time, Norway (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2022. By contrast, Finland (X%) illustrated a downward trend over the same period. Sweden (X p.p.) and Norway (X p.p.) significantly strengthened its position in terms of the total imports, while Finland saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) constituted the countries with the highest levels of imports in 2022.

Among the main importing countries, Norway, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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