Scandinavia: Natural Sand Market 2022

Natural Sand Market Size in Scandinavia

The Scandinavia natural sand market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Natural Sand Production in Scandinavia

In value terms, natural sand production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 37% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Natural Sand Exports

Exports in Scandinavia

After three years of decline, overseas shipments of natural sands increased by 78% to X tons in 2021. Total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, natural sand 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 was the largest exporter of natural sands in Scandinavia, with the volume of exports amounting to X tons, which was near 78% of total exports in 2021. Sweden (X tons) ranks second in terms of the total exports with a 16% share, followed by Norway (6.1%).

Denmark was also the fastest-growing in terms of the natural sands exports, with a CAGR of +5.7% from 2012 to 2021. At the same time, Norway (+3.8%) displayed positive paces of growth. Sweden experienced a relatively flat trend pattern. From 2012 to 2021, the share of Denmark increased by +6.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest natural sand supplier in Scandinavia, comprising 86% of total exports. The second position in the ranking was held by Norway ($X), with a 6.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Denmark totaled +21.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (-10.8% per year) and Sweden (-3.5% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, jumping by 94% against the previous year. Over the period under review, the export price continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2018 an increase of 118% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 Denmark (+14.9%), while the other leaders experienced a decline in the export price figures.

Natural Sand Imports

Imports in Scandinavia

After three years of decline, purchases abroad of natural sands increased by 123% to X tons in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, natural sand imports skyrocketed to $X in 2021. Overall, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Norway (X tons) and Sweden (X tons) dominates imports structure, together achieving 93% of total imports. The following importers - Denmark (X tons), Finland (X tons) and Iceland (X tons) - together made up 6.8% of total imports.

From 2012 to 2021, the biggest increases were in Iceland (with a CAGR of +21.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Norway ($X) constitutes the largest market for imported natural sands in Scandinavia, comprising 77% of total imports. The second position in the ranking was held by Sweden ($X), with a 15% share of total imports. It was followed by Finland, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Norway totaled +23.1%. In the other countries, the average annual rates were as follows: Sweden (+0.3% per year) and Finland (+3.1% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, increasing by 50% against the previous year. Import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, natural sand import price increased by +106.6% against 2017 indices. 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 2021, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform