Scandinavia: Market for Activated Natural Mineral Products 2024

Market Size for Activated Natural Mineral Products in Scandinavia

After three years of growth, the Scandinavia activated natural mineral products market decreased by -30.2% to $X in 2021. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Production of Activated Natural Mineral Products in Scandinavia

In value terms, activated natural mineral products production reduced dramatically to $X in 2021 estimated in export price. In general, production saw a perceptible reduction. The most prominent rate of growth was recorded in 2020 with an increase of 47% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Activated Natural Mineral Products

Exports in Scandinavia

In 2021, overseas shipments of activated natural mineral products were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a deep downturn. The growth pace was the most rapid in 2014 with an increase of 60%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, activated natural mineral products exports surged to $X in 2021. Overall, exports, however, saw a mild downturn. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Denmark (X tons) represented the major exporter of activated natural mineral products, mixing up 59% of total exports. Sweden (X tons) held a 22% share (based on physical terms) of total exports, which put it in second place, followed by Finland (18%).

From 2012 to 2021, average annual rates of growth with regard to activated natural mineral products exports from Denmark stood at +6.9%. At the same time, Sweden (+33.3%) and Finland (+18.8%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +33.3% from 2012-2021. While the share of Denmark (+44 p.p.), Sweden (+21 p.p.) and Finland (+17 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest activated natural mineral products supplying countries in Scandinavia were Denmark ($X), Sweden ($X) and Finland ($X), with a combined 99% share of total exports.

In terms of the main exporting countries, Sweden, with a CAGR of +40.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, picking up by 24% against the previous year. In general, the export price recorded a prominent increase. The pace of growth was the most pronounced in 2020 when the export price increased by 26% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Sweden (+5.1%), while the other leaders experienced a decline in the export price figures.

Imports of Activated Natural Mineral Products

Imports in Scandinavia

In 2021, the amount of activated natural mineral products imported in Scandinavia shrank to X tons, with a decrease of -7.6% compared with 2020 figures. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 34%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, activated natural mineral products imports reduced to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 20% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020, and then dropped in the following year.

Imports by Country

Denmark was the major importer of activated natural mineral products in Scandinavia, with the volume of imports recording X tons, which was near 49% of total imports in 2021. It was distantly followed by Sweden (X tons), Finland (X tons) and Norway (X tons), together mixing up a 48% share of total imports. Iceland (X tons) followed a long way behind the leaders.

Imports into Denmark increased at an average annual rate of +6.4% from 2012 to 2021. At the same time, Norway (+9.9%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +9.9% from 2012-2021. Iceland and Sweden experienced a relatively flat trend pattern. By contrast, Finland (-1.8%) illustrated a downward trend over the same period. While the share of Denmark (+12 p.p.) and Norway (+5.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Sweden (-7.4 p.p.) and Finland (-9.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 81% of total imports.

Norway, with a CAGR of +9.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, declining by -2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the import price increased by 23% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform