Scandinavia: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Scandinavia

The Scandinavia non-rolled bitumen products market soared to $X in 2022, with an increase of 442% against the previous year. Overall, consumption showed a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Non-Rolled Bitumen Products Production in Scandinavia

In value terms, non-rolled bitumen products production skyrocketed to $X in 2022 estimated in export price. In general, production saw a resilient expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Non-Rolled Bitumen Products Exports

Exports in Scandinavia

In 2022, after two years of growth, there was significant decline in overseas shipments of non-rolled bitumen products, when their volume decreased by -56.9% to X tons. Overall, exports recorded a deep setback. The pace of growth was the most pronounced in 2013 when exports increased by 43% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-rolled bitumen products exports dropped significantly to $X in 2022. In general, exports faced a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Finland was the largest exporter of non-rolled bitumen products in Scandinavia, with the volume of exports recording X tons, which was near 79% of total exports in 2022. It was distantly followed by Norway (X tons), making up an 18% share of total exports. Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-rolled bitumen products exports from Finland stood at -12.7%. Norway (-4.4%) and Sweden (-22.0%) illustrated a downward trend over the same period. While the share of Norway (+10 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Finland (-4 p.p.) and Sweden (-6.3 p.p.) displayed negative dynamics.

In value terms, Finland ($X) remains the largest non-rolled bitumen products supplier in Scandinavia, comprising 73% of total exports. The second position in the ranking was held by Norway ($X), with a 22% share of total exports.

In Finland, non-rolled bitumen products exports declined by an average annual rate of -11.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (-4.1% per year) and Sweden (-20.5% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, growing by 21% against the previous year. Overall, the export price recorded a mild increase. The most prominent rate of growth was recorded in 2014 an increase of 45% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.9%), while the other leaders experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports in Scandinavia

Non-rolled bitumen products imports surged to X tons in 2022, rising by 22% on 2021 figures. Over the period under review, imports, however, showed a noticeable decline. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, non-rolled bitumen products imports surged to $X in 2022. Overall, imports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 24% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons) and Norway (X tons) dominates imports structure, together making up 95% of total imports. It was distantly followed by Finland (X tons), comprising a 5.1% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Finland (with a CAGR of +2.3%), 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, Finland, with a CAGR of +0.1%, saw 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, declining by -2.5% against the previous year. In general, the import price showed a pronounced shrinkage. The pace of growth was the most pronounced in 2013 when the import price increased by 14%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, 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 (-2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform