Scandinavia: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Scandinavia

In 2021, the Scandinavia silicon dioxide market decreased by -8.2% to $X, falling for the second consecutive year after two years of growth. The total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -31.2% against 2019 indices. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Silicon Dioxide Production in Scandinavia

In value terms, silicon dioxide production shrank dramatically to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2014 with an increase of 15%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Silicon Dioxide Exports

Exports in Scandinavia

In 2021, shipments abroad of silicon dioxide increased by 15% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 17% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, silicon dioxide exports skyrocketed to $X in 2021. Total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway was the key exporter of silicon dioxide in Scandinavia, with the volume of exports accounting for X tons, which was approx. 75% of total exports in 2021. Finland (X tons) ranks second in terms of the total exports with a 16% share, followed by Sweden (7.7%).

Exports from Norway decreased at an average annual rate of -1.1% from 2012 to 2021. At the same time, Finland (+7.5%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +7.5% from 2012-2021. Sweden experienced a relatively flat trend pattern. Finland (+7.6 p.p.) significantly strengthened its position in terms of the total exports, while Norway saw its share reduced by -6.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X), Finland ($X) and Sweden ($X) were the countries with the highest levels of exports in 2021, together accounting for 96% of total exports.

Finland, with a CAGR of +3.6%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, rising by 40% against the previous year. Export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+2.5%), while the other leaders experienced mixed trends in the export price figures.

Silicon Dioxide Imports

Imports in Scandinavia

In 2021, after two years of decline, there was significant growth in supplies from abroad of silicon dioxide, when their volume increased by 14% to X tons. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 25%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, silicon dioxide imports surged to $X in 2021. Overall, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Denmark (X tons) and Sweden (X tons) were the largest importers of silicon dioxide in Scandinavia, together making up 78% of total imports. Finland (X tons) ranks next in terms of the total imports with a 16% share, followed by Norway (6.1%).

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +8.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest silicon dioxide importing markets in Scandinavia were Denmark ($X), Sweden ($X) and Norway ($X), together accounting for 84% of total imports.

In terms of the main importing countries, Norway, with a CAGR of +13.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, increasing by 11% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 27% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per ton), while Denmark ($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 (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform