Scandinavia: Peroxides Of Sodium Market 2024

Peroxides Of Sodium Market Size in Scandinavia

The Scandinavia peroxides of sodium market soared to $X in 2021, increasing by 41% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Peroxides Of Sodium Production in Scandinavia

In value terms, peroxides of sodium production skyrocketed to $X in 2021 estimated in export price. The total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -19.7% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 72% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Peroxides Of Sodium Exports

Exports in Scandinavia

In 2021, overseas shipments of peroxides of sodium or potassium decreased by -82.3% to X kg, falling for the third consecutive year after four years of growth. Over the period under review, exports saw a precipitous slump. The pace of growth appeared the most rapid in 2016 when exports increased by 240% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, peroxides of sodium exports plummeted to $X in 2021. In general, exports recorded a precipitous slump. The pace of growth appeared the most rapid in 2016 with an increase of 168% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Sweden (X kg) represented the main exporter of peroxides of sodium or potassium, generating 63% of total exports. Denmark (X kg) took the second position in the ranking, distantly followed by Norway (X kg). All these countries together took approx. 37% share of total exports.

Sweden was also the fastest-growing in terms of the peroxides of sodium or potassium exports, with a CAGR of -30.5% from 2012 to 2021. Norway (-34.9%) and Denmark (-37.8%) illustrated a downward trend over the same period. While the share of Sweden (+28 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Denmark (-15 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest peroxides of sodium supplier in Scandinavia, comprising 90% of total exports. The second position in the ranking was held by Norway ($X), with an 8.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden totaled -15.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (-24.7% per year) and Denmark (-40.0% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, surging by 264% against the previous year. Overall, the export price saw significant growth. The growth pace was the most rapid in 2020 when the export price increased by 272% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while Denmark ($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 (+21.6%), while the other leaders experienced mixed trends in the export price figures.

Peroxides Of Sodium Imports

Imports in Scandinavia

In 2021, the amount of peroxides of sodium or potassium imported in Scandinavia surged to X tons, picking up by 437% on the previous year's figure. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 497%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, peroxides of sodium imports shrank markedly to $X in 2021. In general, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 2,161%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Denmark represented the key importing country with an import of about X tons, which amounted to 78% of total imports. It was distantly followed by Finland (X tons), achieving a 15% share of total imports. Sweden (X tons) and Norway (X tons) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to peroxides of sodium imports into Denmark stood at +6.6%. At the same time, Finland (+15.5%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +15.5% from 2012-2021. By contrast, Sweden (-18.6%) and Norway (-37.5%) illustrated a downward trend over the same period. Denmark (+58 p.p.) and Finland (+13 p.p.) significantly strengthened its position in terms of the total imports, while Sweden and Norway saw its share reduced by -8.4% and -63.1% from 2012 to 2021, respectively.

In value terms, the largest peroxides of sodium importing markets in Scandinavia were Finland ($X), Sweden ($X) and Denmark ($X), together accounting for 91% of total imports.

Finland, with a CAGR of +16.1%, saw the highest growth rate of the value of imports, among the main importing countries 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 2021, waning by -91.7% against the previous year. In general, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2018 an increase of 279% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per ton), while Denmark ($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 (+15.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform