Scandinavia: Oxides Of Boron Market 2025

Oxides Of Boron Market Size in Scandinavia

In 2022, the Scandinavia oxides of boron market increased by 38% to $X, rising for the second year in a row after two years of decline. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +9.1% 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 +53.9% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Oxides Of Boron Production in Scandinavia

In value terms, oxides of boron production surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible decrease. The pace of growth appeared the most rapid in 2020 when the production volume increased by 2,669%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Oxides Of Boron Exports

Exports in Scandinavia

In 2022, the amount of oxides of boron, boric acids and inorganic acids exported in Scandinavia expanded notably to X tons, growing by 9% compared with the previous year's figure. Over the period under review, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2018 when exports increased by 14%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, oxides of boron exports skyrocketed to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.9% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland prevails in exports structure, amounting to X tons, which was near 98% of total exports in 2022. Sweden (X tons) took a relatively small share of total exports.

Exports from Finland decreased at an average annual rate of -6.7% from 2012 to 2022. At the same time, Sweden (+14.9%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +14.9% from 2012-2022. From 2012 to 2022, the share of Sweden increased by +1.5 percentage points.

In value terms, Finland ($X) remains the largest oxides of boron supplier in Scandinavia, comprising 75% of total exports. The second position in the ranking was held by Sweden ($X), with a 25% share of total exports.

In Finland, oxides of boron exports expanded at an average annual rate of +3.2% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, increasing by 19% against the previous year. Overall, the export price showed a strong expansion. The pace of growth was the most pronounced in 2017 when the export price increased by 36%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+10.8%).

Oxides Of Boron Imports

Imports in Scandinavia

In 2022, supplies from abroad of oxides of boron, boric acids and inorganic acids decreased by -2.5% to X tons, falling for the fourth consecutive year after two years of growth. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 114%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, oxides of boron imports soared to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +108.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden dominates imports structure, accounting for X tons, which was near 91% of total imports in 2022. It was distantly followed by Finland (X tons), constituting a 7.3% share of total imports.

Sweden was also the fastest-growing in terms of the oxides of boron, boric acids and inorganic acids imports, with a CAGR of +12.3% from 2012 to 2022. Finland (-1.9%) illustrated a downward trend over the same period. While the share of Sweden (+17 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (-16 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported oxides of boron, boric acids and inorganic acids in Scandinavia, comprising 66% of total imports. The second position in the ranking was taken by Finland ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Sweden stood at +13.7%.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, increasing by 66% against the previous year. Overall, the import price, however, continues to indicate a perceptible reduction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+1.5%).

Source: IndexBox Platform