Sweden: Alkyd Resins Market 2024

Alkyd Resins Market Size in Sweden

The Swedish alkyd resins market plummeted to $X in 2022, reducing by -17.6% against the previous year. In general, consumption recorded a noticeable setback. Alkyd resins consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Alkyd Resins Production in Sweden

In value terms, alkyd resins production totaled $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. Alkyd resins production peaked in 2022 and is likely to see steady growth in years to come.

Alkyd Resins Exports

Exports from Sweden

In 2022, after two years of growth, there was significant decline in overseas shipments of alkyd resins in primary forms, when their volume decreased by -19.4% to X tons. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 87% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, alkyd resins exports shrank to $X in 2022. In general, exports saw a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 59% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons), Denmark (X tons) and Germany (X tons) were the main destinations of alkyd resins exports from Sweden, with a combined 48% share of total exports. Norway, the UK, the Czech Republic, Australia, Switzerland, Finland, Italy, France, Turkey and the Netherlands lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +88.5%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Spain ($X) and Germany ($X) were the largest markets for alkyd resins exported from Sweden worldwide, with a combined 52% share of total exports. Norway, the UK, Switzerland, the Czech Republic, Finland, Australia, Turkey, Italy, France and the Netherlands lagged somewhat behind, together comprising a further 37%.

Australia, with a CAGR of +78.3%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average alkyd resins export price amounted to $X per ton, with an increase of 15% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, alkyd resins export price decreased by -15.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 55% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Australia ($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 Germany (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Alkyd Resins Imports

Imports into Sweden

Alkyd resins imports into Sweden shrank rapidly to X tons in 2022, waning by -26.7% against 2021 figures. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 16%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, alkyd resins imports declined remarkably to $X in 2022. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest alkyd resins supplier to Sweden, with a 37% share of total imports. Moreover, alkyd resins imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Denmark (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.8% per year) and Denmark (-2.4% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of alkyd resins in primary forms to Sweden, comprising 36% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Denmark, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.2% per year) and Denmark (-0.2% per year).

Import Prices by Country

The average alkyd resins import price stood at $X per ton in 2022, picking up by 15% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 15% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; afterwards, it flattened through to 2022.

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 Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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