Scandinavia: Sodium Phosphates Market 2024

Sodium Phosphates Market Size in Scandinavia

In 2021, the Scandinavia sodium phosphates market increased by 356% to $X, rising for the second year in a row after three years of decline. Overall, consumption saw a moderate expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sodium Phosphates Production in Scandinavia

In value terms, sodium phosphates production reduced slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 4.5%. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

Sodium Phosphates Exports

Exports in Scandinavia

In 2021, shipments abroad of phosphates of mono- or di-sodium decreased by -99.1% to X tons, falling for the second consecutive year after three years of growth. In general, exports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2018 when exports increased by 110% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, sodium phosphates exports declined sharply to $X in 2021. Overall, exports saw a precipitous descent. The pace of growth was the most pronounced in 2018 when exports increased by 102% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Sweden (X tons), Denmark (X tons) and Finland (X tons), together recording 99% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Finland (with a CAGR of +36.5%), while the other leaders experienced a decline in the exports figures.

In value terms, Denmark ($X) emerged as the largest sodium phosphates supplier in Scandinavia, comprising 61% of total exports. The second position in the ranking was held by Sweden ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Denmark totaled +4.5%. In the other countries, the average annual rates were as follows: Sweden (-30.0% per year) and Finland (+44.1% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, with an increase of 373% against the previous year. In general, the export price recorded a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Finland ($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 (+12.5%), while the other leaders experienced more modest paces of growth.

Sodium Phosphates Imports

Imports in Scandinavia

Sodium phosphates imports skyrocketed to X tons in 2021, growing by 19% against the previous year. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 62%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, sodium phosphates imports skyrocketed to $X in 2021. Overall, imports continue to indicate measured growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark represented the key importer of phosphates of mono- or di-sodium in Scandinavia, with the volume of imports finishing at X tons, which was near 76% of total imports in 2021. Sweden (X tons) ranks second in terms of the total imports with a 15% share, followed by Norway (6.6%). Finland (X tons) took a little share of total imports.

Denmark was also the fastest-growing in terms of the phosphates of mono- or di-sodium imports, with a CAGR of +5.1% from 2012 to 2021. Sweden experienced a relatively flat trend pattern. Norway (-7.1%) and Finland (-22.1%) illustrated a downward trend over the same period. Denmark (+25 p.p.) significantly strengthened its position in terms of the total imports, while Sweden, Norway and Finland saw its share reduced by -2.4%, -6.9% and -16.1% from 2012 to 2021, respectively.

In value terms, Denmark ($X) constitutes the largest market for imported phosphates of mono- or di-sodium in Scandinavia, comprising 75% of total imports. The second position in the ranking was taken by Sweden ($X), with a 16% share of total imports. It was followed by Norway, with a 5.7% share.

In Denmark, sodium phosphates imports expanded at an average annual rate of +9.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (-0.1% per year) and Norway (-7.4% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, growing by 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2014 when the import price increased by 35%. Over the period under review, import prices reached the peak figure in 2021 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Finland ($X per ton) and Sweden ($X per ton), while Norway ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+9.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform