Scandinavia: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Scandinavia

The Scandinavia double or complex silicates market shrank sharply to $X in 2021, declining by -22.9% against the previous year. In general, consumption recorded a mild downturn. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Double Or Complex Silicates in Scandinavia

In value terms, double or complex silicates production dropped modestly to $X in 2021 estimated in export price. Overall, production enjoyed buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 103% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Double Or Complex Silicates

Exports in Scandinavia

In 2021, exports of double or complex silicates in Scandinavia soared to X tons, increasing by 386% compared with the previous year. Overall, exports continue to indicate a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, double or complex silicates exports skyrocketed to $X in 2021. In general, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X tons) and Finland (X tons) dominates exports structure, together committing 91% of total exports. It was distantly followed by Sweden (X tons), constituting an 8.6% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Sweden (with a CAGR of +51.0%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) remains the largest double or complex silicates supplier in Scandinavia, comprising 58% of total exports. The second position in the ranking was held by Finland ($X), with a 27% share of total exports.

In Denmark, double or complex silicates exports increased at an average annual rate of +27.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+0.9% per year) and Sweden (+57.3% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, reducing by -13.9% against the previous year. In general, the export price, however, continues to indicate a slight increase. The most prominent rate of growth was recorded in 2017 an increase of 210% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 (+4.2%), while the other leaders experienced a decline in the export price figures.

Imports of Double Or Complex Silicates

Imports in Scandinavia

In 2021, imports of double or complex silicates in Scandinavia expanded notably to X tons, with an increase of 9.9% against the previous year. Total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 73% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, double or complex silicates imports declined to $X in 2021. Overall, imports enjoyed strong growth. The growth pace was the most rapid in 2013 when imports increased by 86% against the previous year. The level of import peaked at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, Denmark (X tons) represented the major importer of double or complex silicates, constituting 65% of total imports. Sweden (X tons) took a 20% share (based on physical terms) of total imports, which put it in second place, followed by Norway (11%) and Finland (5.3%).

From 2012 to 2021, average annual rates of growth with regard to double or complex silicates imports into Denmark stood at +4.7%. At the same time, Norway (+18.7%) and Finland (+1.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +18.7% from 2012-2021. By contrast, Sweden (-2.2%) illustrated a downward trend over the same period. Norway (+7.5 p.p.) and Denmark (+6.5 p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by -12.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X), Sweden ($X) and Norway ($X) were the countries with the highest levels of imports in 2021, together comprising 86% of total imports.

Norway, with a CAGR of +19.5%, saw the highest growth rate of the value of imports, among 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

The import price in Scandinavia stood at $X per ton in 2021, with a decrease of -11.5% against the previous year. Import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, double or complex silicates import price increased by +39.0% against 2016 indices. The most prominent rate of growth was recorded in 2014 an increase of 31% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2020, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+14.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform