Sweden: Chemically Modified Oils Market 2025

Chemically Modified Oils Market Size in Sweden

In 2022, the Swedish chemically modified oils market increased by 639% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption showed a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Chemically Modified Oils Production in Sweden

In value terms, chemically modified oils production dropped to $X in 2022 estimated in export price. In general, production recorded a noticeable downturn. The growth pace was the most rapid in 2015 when the production volume increased by 58%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Chemically Modified Oils Exports

Exports from Sweden

Chemically modified oils exports from Sweden soared to X tons in 2022, increasing by 15% against the year before. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 262% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, chemically modified oils exports skyrocketed to $X in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 194%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Norway (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of chemically modified oils exports from Sweden, with a combined 87% share of total exports. The Netherlands, Lithuania and Denmark lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +143.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chemically modified oils exported from Sweden were Norway ($X), Belgium ($X) and Germany ($X), together comprising 88% of total exports. Lithuania, the Netherlands and Denmark lagged somewhat behind, together accounting for a further 10%.

Among the main countries of destination, Lithuania, with a CAGR of +125.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chemically modified oils export price stood at $X per ton in 2022, growing by 35% against the previous year. Overall, the export price, however, saw a noticeable descent. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to the Netherlands ($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 Norway (-2.1%), while the prices for the other major destinations experienced a decline.

Chemically Modified Oils Imports

Imports into Sweden

In 2022, purchases abroad of animal or vegetable fats and oils chemically modified increased by 407% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chemically modified oils imports soared to $X in 2022. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Spain (X tons) and Norway (X tons) were the main suppliers of chemically modified oils imports to Sweden, together accounting for 90% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +161.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chemically modified oils suppliers to Sweden were Spain ($X), the Netherlands ($X) and Norway ($X), with a combined 88% share of total imports.

Spain, with a CAGR of +152.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average chemically modified oils import price amounted to $X per ton, rising by 29% against the previous year. Overall, the import price, however, showed a pronounced setback. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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