Scandinavia: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Scandinavia

The Scandinavia unvulcanised rubber market surged to $X in 2021, increasing by 91% against the previous year. Over the period under review, consumption, however, showed a perceptible decline. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Unvulcanised Rubber Production in Scandinavia

In value terms, unvulcanised rubber production surged to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt decrease. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Unvulcanised Rubber Exports

Exports in Scandinavia

In 2021, overseas shipments of unvulcanised rubber decreased by -32.5% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 13%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, unvulcanised rubber exports contracted to $X in 2021. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 25%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden represented the key exporting country with an export of around X tons, which finished at 75% of total exports. It was distantly followed by Finland (X tons) and Denmark (X tons), together constituting a 25% share of total exports.

Exports from Sweden decreased at an average annual rate of -8.8% from 2012 to 2021. At the same time, Denmark (+9.4%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +9.4% from 2012-2021. Finland experienced a relatively flat trend pattern. While the share of Finland (+9.2 p.p.) and Denmark (+5.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-15 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest unvulcanised rubber supplier in Scandinavia, comprising 74% of total exports. The second position in the ranking was taken by Denmark ($X), with a 12% share of total exports.

In Sweden, unvulcanised rubber exports plunged by an average annual rate of -8.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Denmark (+10.4% per year) and Finland (-3.2% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, rising by 40% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Finland ($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 (+0.9%), while the other leaders experienced mixed trends in the export price figures.

Unvulcanised Rubber Imports

Imports in Scandinavia

In 2021, after three years of decline, there was significant growth in purchases abroad of unvulcanised rubber, when their volume increased by 16% to X tons. Total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 35%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, unvulcanised rubber imports surged to $X in 2021. In general, imports recorded 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, Sweden (X tons) represented the key importer of unvulcanised rubber, achieving 70% of total imports. Finland (X tons) held the second position in the ranking, followed by Denmark (X tons). All these countries together held near 26% share of total imports. Norway (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the unvulcanised rubber imports, with a CAGR of +14.7% from 2012 to 2021. Denmark experienced a relatively flat trend pattern. Finland (-7.5%) and Norway (-12.3%) illustrated a downward trend over the same period. While the share of Sweden (+43 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Denmark (-3.6 p.p.), Norway (-11.8 p.p.) and Finland (-27.6 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported unvulcanised rubber in Scandinavia, comprising 63% of total imports. The second position in the ranking was taken by Finland ($X), with a 16% share of total imports. It was followed by Denmark, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Sweden stood at +9.7%. In the other countries, the average annual rates were as follows: Finland (-8.1% per year) and Denmark (-0.9% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, growing by 13% against the previous year. Overall, the import price, however, saw a pronounced slump. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+5.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform