Scandinavia: Market for Salts Of Acetic Acid 2024

Market Size for Salts Of Acetic Acid in Scandinavia

The Scandinavia salts of acetic acid market surged to $X in 2023, growing by X% against the previous year. The total consumption indicated a slight expansion from 2012 to 2023: its value 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, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the immediate term.

Production of Salts Of Acetic Acid in Scandinavia

In value terms, salts of acetic acid production declined to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Salts Of Acetic Acid

Exports in Scandinavia

In 2023, shipments abroad of salts of acetic acid increased by X% to X tons for the first time since 2018, thus ending a four-year declining trend. Over the period under review, exports, however, showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, salts of acetic acid exports totaled $X in 2023. Overall, exports, however, continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Sweden was the largest exporter of salts of acetic acid in Scandinavia, with the volume of exports recording X tons, which was near X% of total exports in 2023. It was distantly followed by Norway (X tons), generating a X% share of total exports.

Sweden was also the fastest-growing in terms of the salts of acetic acid exports, with a CAGR of X% from 2012 to 2023. Norway (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Sweden and Norway increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Sweden, salts of acetic acid exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then declined dramatically in the following year.

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 Sweden amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Norway (X%).

Imports of Salts Of Acetic Acid

Imports in Scandinavia

In 2023, salts of acetic acid imports in Scandinavia skyrocketed to X tons, with an increase of X% on 2022. Over the period under review, imports, however, continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, salts of acetic acid imports skyrocketed to $X in 2023. In general, imports showed a pronounced expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked in 2023 and is likely to see gradual growth in years to come.

Imports by Country

Sweden (X tons) and Finland (X tons) dominates imports structure, together making up X% of total imports. It was distantly followed by Norway (X tons), comprising an X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2023.

Among the main importing countries, Sweden, 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 more modest paces of growth.

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per ton, growing by X% against the previous year. Import price indicated a strong increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, salts of acetic acid import price increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when the import price increased by X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2023, 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 2023, 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