Scandinavia: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Scandinavia

After two years of growth, the Scandinavia saturated acyclic monocarboxylic acids market decreased by X% to $X in 2023. Over the period under review, consumption recorded a perceptible contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Saturated Acyclic Monocarboxylic Acids in Scandinavia

In value terms, saturated acyclic monocarboxylic acids production totaled $X in 2023 estimated in export price. In general, production, however, continues to indicate a slight slump. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports in Scandinavia

Saturated acyclic monocarboxylic acids exports dropped to X tons in 2023, reducing by X% compared with the previous year. Total exports indicated a moderate expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, saturated acyclic monocarboxylic acids exports fell to $X in 2023. In general, exports continue to indicate a slight contraction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Finland (X tons) and Sweden (X tons) were the major exporters of saturated acyclic monocarboxylic acids in 2023, accounting for approx. X% and X% of total exports, respectively. It was distantly followed by Norway (X tons), creating a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Finland (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest saturated acyclic monocarboxylic acids supplying countries in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the export price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports in Scandinavia

In 2023, after two years of growth, there was significant decline in overseas purchases of saturated acyclic monocarboxylic acids, when their volume decreased by X% to X tons. In general, imports continue to indicate a slight decrease. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, saturated acyclic monocarboxylic acids imports fell notably to $X in 2023. Overall, imports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then fell remarkably in the following year.

Imports by Country

Sweden was the key importer of saturated acyclic monocarboxylic acids in Scandinavia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2023. Norway (X tons) held the second position in the ranking, followed by Finland (X tons). All these countries together held approx. X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to saturated acyclic monocarboxylic acids imports into Sweden stood at X%. Finland experienced a relatively flat trend pattern. Norway (X%) illustrated a downward trend over the same period. From 2012 to 2023, 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, the largest saturated acyclic monocarboxylic acids importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 2023, increasing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs in 2023 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform