Scandinavia: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Scandinavia

In 2021, the Scandinavia market for liquid or compressed air and distilled or conductivity water decreased by -11.9% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in Scandinavia

In value terms, liquid air and distilled water production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by 40%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports in Scandinavia

In 2021, shipments abroad of liquid or compressed air and distilled or conductivity water decreased by -44.7% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 119% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, liquid air and distilled water exports contracted notably to $X in 2021. Over the period under review, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2016 when exports increased by 1,490% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden represented the key exporter of liquid or compressed air and distilled or conductivity water in Scandinavia, with the volume of exports reaching X tons, which was approx. 75% of total exports in 2021. It was distantly followed by Denmark (X tons), committing a 20% share of total exports. Norway (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the liquid or compressed air and distilled or conductivity water exports, with a CAGR of +4.2% from 2012 to 2021. Norway (-10.2%) and Denmark (-17.6%) illustrated a downward trend over the same period. Sweden (+46 p.p.) significantly strengthened its position in terms of the total exports, while Norway and Denmark saw its share reduced by -1.8% and -44.2% from 2012 to 2021, respectively.

In value terms, the largest liquid air and distilled water supplying countries in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), together comprising 99% of total exports.

Sweden, with a CAGR of +13.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 ton, growing by 28% against the previous year. Overall, the export price, however, showed a drastic downturn. The growth pace was the most rapid in 2016 when the export price increased by 628%. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 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 Denmark ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+16.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports in Scandinavia

In 2021, the amount of liquid or compressed air and distilled or conductivity water imported in Scandinavia skyrocketed to X tons, jumping by 22% compared with the year before. In general, imports showed a mild increase. The most prominent rate of growth was recorded in 2017 when imports increased by 91%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, liquid air and distilled water imports dropped to $X in 2021. Over the period under review, imports saw a moderate expansion. The growth pace was the most rapid in 2017 when imports increased by 126%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Sweden was the largest importer of liquid or compressed air and distilled or conductivity water in Scandinavia, with the volume of imports amounting to X tons, which was approx. 42% of total imports in 2021. Denmark (X tons) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Finland (23%) and Norway (12%).

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +7.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constitutes the largest market for imported liquid or compressed air and distilled or conductivity water in Scandinavia, comprising 53% of total imports. The second position in the ranking was held by Denmark ($X), with a 22% share of total imports. It was followed by Norway, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden stood at +21.7%. In the other countries, the average annual rates were as follows: Denmark (-7.4% per year) and Norway (+7.6% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, reducing by -19.4% against the previous year. Import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, liquid air and distilled water import price increased by +28.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 59%. As a result, import price attained the peak level of $X per ton, and then shrank rapidly in the following year.

Prices varied noticeably by country of destination: amid the top importers, 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 (+15.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform