Scandinavia: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Scandinavia

In 2021, the Scandinavia rolled bitumen articles market increased by 13% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Rolled Bitumen Articles Production in Scandinavia

In value terms, rolled bitumen articles production expanded notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild decline. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Rolled Bitumen Articles Exports

Exports in Scandinavia

In 2021, exports of articles of bitumen in rolls in Scandinavia stood at X square meters, with an increase of 11% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2019 with an increase of 15% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, rolled bitumen articles exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Sweden (X square meters) and Finland (X square meters) represented the main exporters of articles of bitumen in rolls in Scandinavia, together mixing up 85% of total exports. It was distantly followed by Norway (X square meters), achieving a 15% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Norway (with a CAGR of +5.8%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) constituted the countries with the highest levels of exports in 2021.

Among the main exporting countries, Norway, with a CAGR of +3.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per square meter, growing by 11% against the previous year. In general, the export price, however, recorded a pronounced reduction. The growth pace was the most rapid in 2020 when the export price increased by 11% against the previous year. Over the period under review, the export prices hit record highs at $X per square meter in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per square meter), while Norway ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-1.7%), while the other leaders experienced a decline in the export price figures.

Rolled Bitumen Articles Imports

Imports in Scandinavia

For the fourth year in a row, Scandinavia recorded growth in overseas purchases of articles of bitumen in rolls, which increased by 6% to X square meters in 2021. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 8.5%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, rolled bitumen articles imports surged to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X square meters) and Norway (X square meters) represented the major importers of articles of bitumen in rolls in 2021, finishing at near 44% and 38% of total imports, respectively. It was distantly followed by Finland (X square meters), achieving an 18% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +6.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rolled bitumen articles importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Among the main importing countries, Sweden, with a CAGR of +3.4%, 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

In 2021, the import price in Scandinavia amounted to $X per square meter, growing by 11% against the previous year. In general, the import price, however, saw a pronounced decrease. The level of import peaked at $X per square meter in 2013; however, from 2014 to 2021, 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 ($X per square meter), while Finland ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform