Scandinavia: Zinc Oxide Market 2024

Zinc Oxide Market Size in Scandinavia

In 2022, after three years of decline, there was significant growth in the Scandinavia zinc oxide market, when its value increased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Zinc Oxide Production in Scandinavia

In value terms, zinc oxide production amounted to $X in 2022 estimated in export price. In general, production, however, saw a deep slump. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Zinc Oxide Exports

Exports in Scandinavia

In 2022, shipments abroad of zinc oxide and zinc peroxide increased by X% to X tons, rising for the sixth year in a row after four years of decline. Overall, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, zinc oxide exports surged to $X in 2022. In general, exports, however, continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Norway represented the main exporter of zinc oxide and zinc peroxide in Scandinavia, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Sweden (X tons), generating a X% share of total exports. Finland (X tons) followed a long way behind the leaders.

Exports from Norway decreased at an average annual rate of X% from 2012 to 2022. At the same time, Sweden (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. By contrast, Finland (X%) illustrated a downward trend over the same period. While the share of Sweden (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Norway (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) remains the largest zinc oxide supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Norway amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (X% per year) and Finland (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price saw a strong increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced more modest paces of growth.

Zinc Oxide Imports

Imports in Scandinavia

In 2022, imports of zinc oxide and zinc peroxide in Scandinavia reduced to X tons, dropping by X% compared with the previous year. Overall, imports showed a noticeable descent. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, zinc oxide imports skyrocketed to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the two major importers of zinc oxide and zinc peroxide, namely Finland and Sweden, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%).

In value terms, Finland ($X) and Sweden ($X) appeared to be the countries with the highest levels of imports in 2022.

Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc oxide import price increased by X% against 2019 indices. As a result, import 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 importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden totaled $X per ton.

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

Source: IndexBox Platform