Sweden: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Sweden

The Swedish adhesive bandage market rose notably to $X in 2022, with an increase of 9% against the previous year. Over the period under review, consumption recorded a buoyant increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Adhesive Bandage Production in Sweden

In value terms, adhesive bandage production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 32%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Adhesive Bandage Exports

Exports from Sweden

In 2022, overseas shipments of adhesive bandages decreased by -29% to X tons, falling for the third consecutive year after eight years of growth. Over the period under review, exports, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2019 when exports increased by 27%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, adhesive bandage exports reduced to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 50%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Norway (X tons), Denmark (X tons) and Finland (X tons) were the main destinations of adhesive bandage exports from Sweden, together comprising 63% of total exports. Germany, Poland, China, Belgium, the United States, Lithuania, Latvia, Estonia, the Netherlands and Iceland lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +49.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for adhesive bandage exported from Sweden were Norway ($X), Finland ($X) and Denmark ($X), with a combined 63% share of total exports. The United States, Germany, Poland, Lithuania, Latvia, Belgium, the Netherlands, Estonia, China and Iceland lagged somewhat behind, together accounting for a further 25%.

China, with a CAGR of +56.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average adhesive bandage export price stood at $X per ton in 2022, increasing by 20% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, adhesive bandage export price increased by +81.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 37%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Iceland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Bandage Imports

Imports into Sweden

After three years of growth, overseas purchases of adhesive bandages decreased by -11.7% to X tons in 2022. In general, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 56% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, adhesive bandage imports fell slightly to $X in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.5% 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 +100.3% against 2015 indices. The pace of growth appeared the most rapid in 2016 with an increase of 33%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

China (X tons), Spain (X tons) and the Czech Republic (X tons) were the main suppliers of adhesive bandage imports to Sweden, with a combined 56% share of total imports. The Netherlands, Germany, Belgium and Denmark lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +46.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and China ($X) constituted the largest adhesive bandage suppliers to Sweden, together accounting for 40% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +66.0%, recorded the highest growth rate of 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 adhesive bandage import price stood at $X per ton in 2022, rising by 9.1% against the previous year. Overall, the import price, however, recorded a perceptible downturn. The growth pace was the most rapid in 2018 when the average import price increased by 42%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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