Sweden: Acetone Market 2025

Acetone Market Size in Sweden

The Swedish acetone market surged to $X in 2021, increasing by 29% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Acetone consumption peaked in 2021 and is likely to see gradual growth in years to come.

Acetone Production in Sweden

In value terms, acetone production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a strong increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 85% against the previous year. Acetone production peaked in 2021 and is expected to retain growth in the immediate term.

Acetone Exports

Exports from Sweden

In 2021, exports of acetone from Sweden shrank modestly to X tons, standing approx. at the previous year. The total export volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 21%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, acetone exports skyrocketed to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +64.0% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 47%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Norway (X tons) was the main destination for acetone exports from Sweden, accounting for a 61% share of total exports. Moreover, acetone exports to Norway exceeded the volume sent to the second major destination, Denmark (X tons), twofold. Finland (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to Norway amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+7.0% per year) and Finland (-1.5% per year).

In value terms, Norway ($X) remains the key foreign market for acetone exports from Sweden, comprising 71% of total exports. The second position in the ranking was held by Denmark ($X), with a 19% share of total exports. It was followed by Finland, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway amounted to +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+5.3% per year) and Finland (+1.6% per year).

Export Prices by Country

The average acetone export price stood at $X per ton in 2021, increasing by 40% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acetone export price increased by +45.5% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 42% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Denmark ($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 Norway (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.

Acetone Imports

Imports into Sweden

In 2021, purchases abroad of acetone decreased by -1% to X tons, falling for the third year in a row after three years of growth. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 40%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, acetone imports surged to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 64%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Finland (X tons) constituted the largest acetone supplier to Sweden, with a 44% share of total imports. Moreover, acetone imports from Finland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Finland totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.1% per year) and the Netherlands (-1.2% per year).

In value terms, Finland ($X), Germany ($X) and the Netherlands ($X) constituted the largest acetone suppliers to Sweden, together accounting for 74% of total imports. Denmark, Belgium, the Czech Republic and Poland lagged somewhat behind, together comprising a further 24%.

Among the main suppliers, the Czech Republic, with a CAGR of +13.0%, 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 acetone import price stood at $X per ton in 2021, jumping by 45% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 53% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :