Scandinavia: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Scandinavia

The Scandinavia barium or aluminium sulphates market rose rapidly to $X in 2022, picking up by 5.6% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in Scandinavia

In value terms, barium or aluminium sulphates production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by 22%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports in Scandinavia

After two years of growth, overseas shipments of sulphates of barium or aluminium decreased by -3.8% to X tons in 2022. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 23%. The volume of export peaked at X tons in 2021, and then reduced modestly in the following year.

In value terms, barium or aluminium sulphates exports expanded significantly to $X in 2022. Total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 41% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

In 2022, Sweden (X tons) was the main exporter of sulphates of barium or aluminium in Scandinavia, creating 99.9% of total export.

Sweden was also the fastest-growing in terms of the sulphates of barium or aluminium exports, with a CAGR of +2.5% from 2012 to 2022. From 2012 to 2022, the share of Sweden increased by +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest barium or aluminium sulphates supplier in Scandinavia.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden amounted to +2.7%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, picking up by 9.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 15%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to +0.2% per year.

Imports of Sulphates Of Barium Or Aluminium

Imports in Scandinavia

For the third year in a row, Scandinavia recorded growth in overseas purchases of sulphates of barium or aluminium, which increased by 3.8% to X tons in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 36%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, barium or aluminium sulphates imports rose to $X in 2022. Overall, imports, however, showed a perceptible curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Sweden (X tons) and Norway (X tons) prevails in imports structure, together achieving 97% of total imports. Finland (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Norway (with a CAGR of +2.2%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest barium or aluminium sulphates importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Among the main importing countries, Norway, with a CAGR of +1.6%, saw the highest growth rate of 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

In 2022, the import price in Scandinavia amounted to $X per ton, remaining stable against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2019 an increase of 21% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform