Sweden: Abrasives Market 2024

Abrasives Market Size in Sweden

After two years of decline, the Swedish abrasives market increased by 15% to $X in 2021. Over the period under review, consumption enjoyed a buoyant increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Abrasives Production in Sweden

In value terms, abrasives production soared to $X in 2021 estimated in export price. Over the period under review, production saw a buoyant increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 789%. Abrasives production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Abrasives Exports

Exports from Sweden

In 2021, overseas shipments of abrasives (natural) decreased by -5.7% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 when exports increased by 230% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, abrasives exports surged to $X in 2021. Overall, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 191%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

Norway (X tons) was the main destination for abrasives exports from Sweden, accounting for a 71% share of total exports. Moreover, abrasives exports to Norway exceeded the volume sent to the second major destination, the Netherlands (X tons), ninefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway amounted to +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+30.9% per year) and the United Arab Emirates (+853.6% per year).

In value terms, Norway ($X) remains the key foreign market for abrasives (natural) exports from Sweden, comprising 82% of total exports. The second position in the ranking was taken by the UK ($X), with a 5.5% share of total exports. It was followed by the Netherlands, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to Norway totaled +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+53.6% per year) and the Netherlands (+30.2% per year).

Export Prices by Country

In 2021, the average abrasives export price amounted to $X per ton, growing by 60% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.2% 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 reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Abrasives Imports

Imports into Sweden

In 2021, imports of abrasives (natural) into Sweden totaled X tons, growing by 11% compared with 2020 figures. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 118% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, abrasives imports expanded modestly to $X in 2021. In general, imports enjoyed noticeable growth. The pace of growth appeared the most rapid in 2018 when imports increased by 180%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Iceland (X tons) constituted the largest abrasives supplier to Sweden, with a 70% share of total imports. Moreover, abrasives imports from Iceland exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold. The third position in this ranking was taken by Turkey (X tons), with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Iceland stood at +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+102.5% per year) and Turkey (+37.4% per year).

In value terms, the largest abrasives suppliers to Sweden were South Africa ($X), Iceland ($X) and Turkey ($X), with a combined 89% share of total imports.

In terms of the main suppliers, South Africa, with a CAGR of +105.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average abrasives import price stood at $X per ton in 2021, shrinking by -7.1% against the previous year. Overall, the import price recorded a pronounced downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 29% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while the price for Iceland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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