Scandinavia: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Scandinavia

For the third consecutive year, the Scandinavia extruded solid rubber rod market recorded growth in sales value, which increased by 4.5% to $X in 2022. In general, consumption, however, showed a mild downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Extruded Solid Rubber Rods And Profiles in Scandinavia

In value terms, extruded solid rubber rod production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 29% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports in Scandinavia

Extruded solid rubber rod exports rose to X tons in 2022, increasing by 3.6% on the year before. Overall, exports, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2021 when exports increased by 18%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, extruded solid rubber rod exports expanded modestly to $X in 2022. In general, exports, however, continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 21%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden dominates exports structure, finishing at X tons, which was approx. 91% of total exports in 2022. It was distantly followed by Finland (X tons), creating a 5.7% share of total exports. Norway (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the extruded solid rubber rods and profiles exports, with a CAGR of +2.7% from 2012 to 2022. Norway experienced a relatively flat trend pattern. Finland (-19.6%) illustrated a downward trend over the same period. While the share of Sweden (+35 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Finland (-35.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest extruded solid rubber rod supplier in Scandinavia, comprising 87% of total exports. The second position in the ranking was held by Finland ($X), with a 9.8% share of total exports.

In Sweden, extruded solid rubber rod exports expanded at an average annual rate of +1.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (-13.3% per year) and Norway (+7.3% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 15%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Norway ($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 (+7.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Extruded Solid Rubber Rods And Profiles

Imports in Scandinavia

In 2022, approx. X tons of extruded solid rubber rods and profiles were imported in Scandinavia; declining by -18.2% on 2021 figures. In general, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, extruded solid rubber rod imports reduced dramatically to $X in 2022. Overall, imports saw a perceptible decrease. The growth pace was the most rapid in 2021 when imports increased by 33%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sweden (X tons) was the main importer of extruded solid rubber rods and profiles, committing 44% of total imports. Finland (X tons) ranks second in terms of the total imports with a 29% share, followed by Norway (27%).

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 -4.0%), while imports for the other leaders experienced a decline in the imports figures.

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

In terms of the main importing countries, Norway, with a CAGR of -1.1%, 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

The import price in Scandinavia stood at $X per ton in 2022, rising by 2.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2013 when the import price increased by 12% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

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 (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform