Scandinavia: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in Scandinavia

After two years of decline, the Scandinavia prepared rubber accelerators market increased by 16% to $X in 2021. Overall, consumption posted pronounced growth. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Prepared Rubber Accelerators Production in Scandinavia

In value terms, prepared rubber accelerators production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production posted a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 55%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Prepared Rubber Accelerators Exports

Exports in Scandinavia

Prepared rubber accelerators exports fell to X tons in 2021, which is down by -14.2% on 2020 figures. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by 74%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared rubber accelerators exports declined significantly to $X in 2021. In general, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 74%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Finland (X tons) represented the main exporter of prepared rubber accelerators, mixing up 72% of total exports. Norway (X tons) ranks second in terms of the total exports with a 14% share, followed by Sweden (8.9%) and Denmark (5.5%).

Exports from Finland decreased at an average annual rate of -7.3% from 2012 to 2021. Denmark (-5.3%), Norway (-8.9%) and Sweden (-21.7%) illustrated a downward trend over the same period. Finland (+18 p.p.), Denmark (+2.1 p.p.) and Norway (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -21.4% from 2012 to 2021, respectively.

In value terms, Finland ($X), Denmark ($X) and Sweden ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 95% share of total exports.

Among the main exporting countries, Denmark, with a CAGR of +14.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, shrinking by -7% against the previous year. In general, the export price recorded a slight descent. The pace of growth appeared the most rapid in 2019 an increase of 52%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Norway ($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 (+20.9%), while the other leaders experienced mixed trends in the export price figures.

Prepared Rubber Accelerators Imports

Imports in Scandinavia

After three years of decline, purchases abroad of prepared rubber accelerators increased by 10% to X tons in 2021. In general, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 17% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, prepared rubber accelerators imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 27%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Sweden represented the main importing country with an import of around X tons, which finished at 64% of total imports. Finland (X tons) took a 25% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (8.8%). Norway (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the prepared rubber accelerators imports, with a CAGR of -5.2% from 2012 to 2021. Finland (-7.1%), Denmark (-11.7%) and Norway (-12.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden increased by +8.3 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported prepared rubber accelerators in Scandinavia, comprising 58% of total imports. The second position in the ranking was taken by Finland ($X), with a 25% share of total imports. It was followed by Denmark, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in Sweden amounted to -2.8%. The remaining importing countries recorded the following average annual rates of imports growth: Finland (-9.8% per year) and Denmark (-2.6% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, growing by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, 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 (+10.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform