Scandinavia: Market for Refractory Products of Siliceous or Diatomite Earths 2024

Market Size for Refractory Products of Siliceous or Diatomite Earths in Scandinavia

The Scandinavia market for refractory products of siliceous or diatomite earths soared to $X in 2021, increasing by 36% against the previous year. Overall, consumption showed resilient growth. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Production of Refractory Products of Siliceous or Diatomite Earths in Scandinavia

In value terms, production of refractory products of siliceous or diatomite earths declined notably to $X in 2021 estimated in export price. Over the period under review, production recorded a mild expansion. The growth pace was the most rapid in 2018 with an increase of 161% against the previous year. The level of production peaked at $X in 2020, and then fell significantly in the following year.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports in Scandinavia

In 2021, after three years of growth, there was significant decline in overseas shipments of refractory products of siliceous or diatomite earths, when their volume decreased by -33.5% to X tons. In general, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 332%. Over the period under review, the exports of hit record highs at X tons in 2020, and then contracted markedly in the following year.

In value terms, exports of refractory products of siliceous or diatomite earths soared to $X in 2021. Over the period under review, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 190% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Sweden prevails in earths structure, resulting at X tons, which was near 93% of total exports in 2021. It was distantly followed by Finland (X tons), constituting a 6.1% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to refractory products of siliceous or diatomite earths exports from Sweden stood at +19.9%. At the same time, Finland (+104.5%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +104.5% from 2012-2021. From 2012 to 2021, the share of Sweden and Finland increased by +26 and +6.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest refractory products of siliceous or diatomite earths supplier in Scandinavia, comprising 83% of total exports. The second position in the ranking was held by Finland ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden amounted to +22.0%.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, surging by 111% against the previous year. Over the period under review, the export price showed a modest expansion. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.7%).

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports in Scandinavia

In 2021, imports of refractory products of siliceous or diatomite earths in Scandinavia surged to X tons, with an increase of 22% compared with 2020 figures. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 102% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of refractory products of siliceous or diatomite earths soared to $X in 2021. In general, imports saw a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Norway represented the largest importer of refractory products of siliceous or diatomite earths in Scandinavia, with the volume of imports finishing at X tons, which was near 62% of total imports in 2021. It was distantly followed by Sweden (X tons), generating a 34% share of total imports. Finland (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +5.6%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2021.

Sweden, with a CAGR of +19.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, growing by 45% against the previous year. Import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for refractory products of siliceous or diatomite earths increased by +58.2% against 2019 indices. The growth pace was the most rapid in 2013 when the import price increased by 64%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+13.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform