Scandinavia: Market for Scouring Pastes And Powders 2024

Market Size for Scouring Pastes And Powders in Scandinavia

The Scandinavia scouring pastes and powders market reduced remarkably to $X in 2021, with a decrease of -56.5% against the previous year. Over the period under review, consumption continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2020, and then shrank remarkably in the following year.

Production of Scouring Pastes And Powders in Scandinavia

In value terms, scouring pastes and powders production fell to $X in 2021 estimated in export price. Overall, production saw a deep downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 260% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Scouring Pastes And Powders

Exports in Scandinavia

In 2021, shipments abroad of scouring pastes and powders decreased by -37.8% to X tons, falling for the third year in a row after two years of growth. In general, exports showed a slight downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 115%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, scouring pastes and powders exports fell rapidly to $X in 2021. Overall, exports recorded a pronounced decline. The pace of growth was the most pronounced in 2018 with an increase of 93% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Denmark represented the largest exporting country with an export of around X tons, which finished at 71% of total exports. It was distantly followed by Sweden (X tons), mixing up a 27% share of total exports. Finland (X tons) followed a long way behind the leaders.

Exports from Denmark decreased at an average annual rate of -4.3% from 2012 to 2021. At the same time, Finland (+22.3%) and Sweden (+9.0%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +22.3% from 2012-2021. From 2012 to 2021, the share of Sweden and Finland increased by +16 and +1.7 percentage points, respectively.

In value terms, the largest scouring pastes and powders supplying countries in Scandinavia were Denmark ($X), Sweden ($X) and Finland ($X), together accounting for 100% of total exports.

In terms of the main exporting countries, Finland, with a CAGR of +30.6%, 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 mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, jumping by 31% against the previous year. Over the period under review, the export price, however, saw a slight descent. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+6.8%), while the other leaders experienced a decline in the export price figures.

Imports of Scouring Pastes And Powders

Imports in Scandinavia

In 2021, imports of scouring pastes and powders in Scandinavia reduced sharply to X tons, dropping by -18.2% against 2020. Over the period under review, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 18% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, scouring pastes and powders imports expanded rapidly to $X in 2021. In general, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of 10% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Norway represented the key importing country with an import of around X tons, which resulted at 51% of total imports. Sweden (X tons) held a 31% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (8.2%) and Finland (6.4%). Iceland (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of -0.2%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Norway ($X), Sweden ($X) and Denmark ($X) constituted the countries with the highest levels of imports in 2021, with a combined 85% share of total imports. These countries were followed by Finland and Iceland, which together accounted for a further 15%.

Iceland, with a CAGR of +2.3%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

In 2021, the import price in Scandinavia amounted to $X per ton, with an increase of 31% against the previous year. Import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, scouring pastes and powders import price increased by +27.9% against 2018 indices. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a 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 Iceland ($X per ton), while Sweden ($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 (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform