Scandinavia: Activated Carbon Market 2024

Activated Carbon Market Size in Scandinavia

In 2022, the Scandinavia activated carbon market increased by 13% to $X, rising for the fourth consecutive year after two years of decline. The total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +61.9% against 2018 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Activated Carbon Production in Scandinavia

In value terms, activated carbon production reduced dramatically to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by 208%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Activated Carbon Exports

Exports in Scandinavia

In 2022, shipments abroad of activated carbon increased by 25% to X tons, rising for the third consecutive year after two years of decline. Overall, exports enjoyed a prominent increase. The growth pace was the most rapid in 2020 when exports increased by 39%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, activated carbon exports surged to $X in 2022. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

In 2022, Sweden (X tons) represented the key exporter of activated carbon, comprising 82% of total exports. Finland (X tons) held the second position in the ranking, followed by Norway (X tons). All these countries together held near 18% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to activated carbon exports from Sweden stood at +9.9%. At the same time, Finland (+14.1%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +14.1% from 2012-2022. By contrast, Norway (-3.4%) illustrated a downward trend over the same period. While the share of Sweden (+8.8 p.p.) and Finland (+4.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Norway (-13.3 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest activated carbon supplier in Scandinavia, comprising 90% of total exports. The second position in the ranking was taken by Finland ($X), with an 8.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden totaled +11.5%. In the other countries, the average annual rates were as follows: Finland (+4.8% per year) and Norway (+2.6% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, increasing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2017 when the export price increased by 24% against the previous year. The level of export peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

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 ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+6.2%), while the other leaders experienced mixed trends in the export price figures.

Activated Carbon Imports

Imports in Scandinavia

For the fourth year in a row, Scandinavia recorded growth in supplies from abroad of activated carbon, which increased by 8.1% to X tons in 2022. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, activated carbon imports surged to $X in 2022. In general, imports saw prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 26%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Sweden (X tons) and Finland (X tons) represented roughly 86% of total imports in 2022. It was distantly followed by Norway (X tons), constituting a 14% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Finland (with a CAGR of +11.1%), while imports for the other leaders experienced more modest paces of growth.

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

Among the main importing countries, Norway, with a CAGR of +7.8%, recorded the highest rates of growth with regard to 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 2022, the import price in Scandinavia amounted to $X per ton, surging by 11% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 12%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform