Scandinavia: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2025

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Scandinavia

In 2022, the Scandinavia magnesium hydroxide and peroxide market increased by 33% to $X, rising for the second year in a row after three years of decline. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +64.8% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Scandinavia

In value terms, magnesium hydroxide and peroxide production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 106%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports in Scandinavia

In 2022, shipments abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium decreased by -46.8% to X tons, falling for the second consecutive year after four years of growth. In general, exports showed a deep contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 24% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, magnesium hydroxide and peroxide exports fell significantly to $X in 2022. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 30% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden was the largest exporter of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium in Scandinavia, with the volume of exports reaching X tons, which was approx. 84% of total exports in 2022. It was distantly followed by Norway (X tons), creating an 11% share of total exports. Finland (X tons) held a little share of total exports.

Exports from Sweden increased at an average annual rate of +5.5% from 2012 to 2022. At the same time, Finland (+74.1%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +74.1% from 2012-2022. By contrast, Norway (-23.2%) illustrated a downward trend over the same period. While the share of Sweden (+61 p.p.) and Finland (+4.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Norway (-65 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest magnesium hydroxide and peroxide supplier in Scandinavia, comprising 87% of total exports. The second position in the ranking was held by Norway ($X), with an 8.6% share of total exports.

In Sweden, magnesium hydroxide and peroxide exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (-28.1% per year) and Finland (+41.7% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, declining by -3.9% against the previous year. Over the period under review, the export price recorded a pronounced setback. The most prominent rate of growth was recorded in 2019 when the export price increased by 10% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, 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 Sweden (-4.7%), while the other leaders experienced a decline in the export price figures.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports in Scandinavia

In 2022, imports of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium in Scandinavia contracted to X tons, falling by -11.8% compared with 2021. Overall, imports saw a slight curtailment. The growth pace was the most rapid in 2017 when imports increased by 43%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide imports soared to $X in 2022. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X tons) represented the largest importer of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, committing 63% of total imports. It was distantly followed by Finland (X tons), comprising a 36% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +34.5%).

In value terms, Sweden ($X) constitutes the largest market for imported hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium in Scandinavia, comprising 80% of total imports. The second position in the ranking was taken by Finland ($X), with a 17% share of total imports.

In Sweden, magnesium hydroxide and peroxide imports increased at an average annual rate of +1.2% over the period from 2012-2022.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, jumping by 33% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.2%).

Source: IndexBox Platform