Scandinavia: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Scandinavia

The Scandinavia unvulcanized rubber market fell to $X in 2022, reducing by -6.7% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Unvulcanized Rubber Production in Scandinavia

In value terms, unvulcanized rubber production skyrocketed to $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +49.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 29%. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

Unvulcanized Rubber Exports

Exports in Scandinavia

In 2022, approx. X tons of unvulcanized rubber and articles thereof were exported in Scandinavia; waning by -7.4% against 2021. Over the period under review, exports showed a slight decrease. The pace of growth was the most pronounced in 2017 when exports increased by 12% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, unvulcanized rubber exports dropped slightly to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 26%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

Sweden dominates exports structure, reaching X tons, which was near 96% of total exports in 2022. Finland (X tons) took a minor share of total exports.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of unvulcanized rubber and articles thereof. Finland (-12.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by +7.8 percentage points.

In value terms, Sweden ($X) remains the largest unvulcanized rubber supplier in Scandinavia, comprising 92% of total exports. The second position in the ranking was taken by Finland ($X), with a 5.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden stood at +2.0%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, rising by 6.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2021 an increase of 22% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+6.6%).

Unvulcanized Rubber Imports

Imports in Scandinavia

In 2022, unvulcanized rubber imports in Scandinavia shrank slightly to X tons, which is down by -3.2% on 2021 figures. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year. As a result, imports attained the peak of X tons, and then shrank modestly in the following year.

In value terms, unvulcanized rubber imports reached $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Sweden represented the main importing country with an import of about X tons, which recorded 57% of total imports. Finland (X tons) took the second position in the ranking, followed by Norway (X tons). All these countries together took approx. 43% share of total imports.

Sweden was also the fastest-growing in terms of the unvulcanized rubber and articles thereof imports, with a CAGR of +2.3% from 2012 to 2022. Norway (-1.1%) and Finland (-2.5%) illustrated a downward trend over the same period. Sweden (+10 p.p.) significantly strengthened its position in terms of the total imports, while Norway and Finland saw its share reduced by -3.3% and -7.2% from 2012 to 2022, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported unvulcanized rubber and articles thereof in Scandinavia, comprising 53% of total imports. The second position in the ranking was taken by Norway ($X), with a 26% share of total imports.

In Sweden, unvulcanized rubber imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Norway (-0.6% per year) and Finland (-2.2% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, with an increase of 4.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 7.5% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Norway (+0.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform