Sweden: Market for Asphalt or Bitumen Articles 2024

Market Size for Asphalt or Bitumen Articles in Sweden

The Swedish asphalt or bitumen article market totaled $X in 2022, surging by 3% against the previous year. In general, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +13.7% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Production of Asphalt or Bitumen Articles in Sweden

In value terms, asphalt or bitumen article production declined to $X in 2022 estimated in export price. In general, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.6% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 68% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Asphalt or Bitumen Articles

Exports from Sweden

In 2022, the amount of asphalt or bitumen articles exported from Sweden reduced notably to X tons, falling by -19.7% on 2021. Overall, exports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 49% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, asphalt or bitumen article exports contracted rapidly to $X in 2022. Over the period under review, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for asphalt or bitumen article exports from Sweden, accounting for a 84% share of total exports. Moreover, asphalt or bitumen article exports to Norway exceeded the volume sent to the second major destination, Denmark (X tons), sixfold. The third position in this ranking was taken by the Czech Republic (X tons), with a 1.1% share.

From 2012 to 2022, the average annual growth rate of volume to Norway stood at +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-0.3% per year) and the Czech Republic (-13.6% per year).

In value terms, Norway ($X) remains the key foreign market for asphalt or bitumen articles exports from Sweden, comprising 75% of total exports. The second position in the ranking was taken by Denmark ($X), with a 21% share of total exports. It was followed by the Czech Republic, with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+2.3% per year) and the Czech Republic (-12.3% per year).

Export Prices by Country

The average asphalt or bitumen article export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price, however, continues to indicate a mild descent. The growth pace was the most rapid in 2018 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Norway ($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 (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Asphalt or Bitumen Articles

Imports into Sweden

In 2022, overseas purchases of asphalt or bitumen articles increased by 11% to X tons, rising for the sixth year in a row after two years of decline. Overall, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 +58.7% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 14%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, asphalt or bitumen article imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 19%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Finland (X tons), Poland (X tons) and Norway (X tons) were the main suppliers of asphalt or bitumen article imports to Sweden, together comprising 67% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +48.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Poland ($X) and Norway ($X) appeared to be the largest asphalt or bitumen article suppliers to Sweden, together accounting for 63% of total imports.

Among the main suppliers, Poland, with a CAGR of +51.3%, saw 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

In 2022, the average asphalt or bitumen article import price amounted to $X per ton, surging by 2.5% against the previous year. Overall, the import price, however, recorded a slight slump. The pace of growth appeared the most rapid in 2013 an increase of 12%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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