Report Update Nov 1, 2024

Sweden - Benzoic Acid, Its Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights

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Sweden: Benzoic Acid Market 2024

Benzoic Acid Market Size in Sweden

In 2021, after two years of decline, there was significant growth in the Swedish benzoic acid market, when its value increased by 23% to $X. Overall, consumption, however, saw a mild downturn. Benzoic acid consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Benzoic Acid Exports

Exports from Sweden

In 2021, approx. X tons of benzoic acid, its salts and esters were exported from Sweden; dropping by -54% against the year before. Over the period under review, exports recorded a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 789% against the previous year. As a result, the exports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, benzoic acid exports reduced to $X in 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 404%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Denmark (X tons), Norway (X tons) and Finland (X tons) were the main destinations of benzoic acid exports from Sweden, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +6.8%), while the other leaders experienced a decline.

In value terms, the largest markets for benzoic acid exported from Sweden were Denmark ($X), Norway ($X) and Finland ($X), together accounting for 95% of total exports.

Denmark, with a CAGR of +11.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average benzoic acid export price amounted to $X per ton, growing by 105% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Finland ($X per ton) and Germany ($X per ton), while the average price for exports to Denmark ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Benzoic Acid Imports

Imports into Sweden

In 2021, approx. X tons of benzoic acid, its salts and esters were imported into Sweden; waning by -2.8% compared with 2020. Overall, imports showed a mild curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 346% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, benzoic acid imports skyrocketed to $X in 2021. Over the period under review, imports showed a slight reduction. The pace of growth was the most pronounced in 2018 with an increase of 243% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Denmark (X tons) and Estonia (X tons) were the main suppliers of benzoic acid imports to Sweden, together comprising 88% of total imports. Germany, China and Poland lagged somewhat behind, together comprising a further 9.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +106.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of benzoic acid, its salts and esters to Sweden, comprising 48% of total imports. The second position in the ranking was held by Denmark ($X), with a 23% share of total imports. It was followed by Germany, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+30.2% per year) and Germany (-15.3% per year).

Import Prices by Country

In 2021, the average benzoic acid import price amounted to $X per ton, rising by 22% against the previous year. In general, the import price saw a relatively flat trend pattern. The import price peaked at $X per ton in 2017; afterwards, it flattened through to 2021.

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 Germany ($X per ton), while the price for Denmark ($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 (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for benzoic acid, its salts and esters in the world?

The countries with the highest volumes of benzoic acid consumption in 2021 were China, the United States and India, with a combined 48% share of global consumption. These countries were followed by Japan, Germany, Indonesia, Mexico, Turkey, South Korea, Canada, Brazil, Saudi Arabia and Thailand, which together accounted for a further 29%.

What are the largest producers of benzoic acid, its salts and esters in the world?

The country with the largest volume of benzoic acid production was China, accounting for 34% of total volume. Moreover, benzoic acid production in China exceeded the figures recorded by the second-largest producer, the Netherlands, threefold. The United States ranked third in terms of total production with a 12% share.

What are the leading suppliers of benzoic acid, its salts and esters to Sweden?

In value terms, the Netherlands constituted the largest supplier of benzoic acid to Sweden, comprising 48% of total imports. The second position in the ranking was occupied by Denmark, with a 23% share of total imports. It was followed by Germany, with a 7% share.

What are the leading importers of benzoic acid, its salts and esters from Sweden?

In value terms, the largest markets for benzoic acid exported from Sweden were Denmark, Norway and Finland, with a combined 95% share of total exports.

What is the average export price for benzoic acid, its salts and esters in Sweden?

In 2021, the average benzoic acid export price amounted to $3,573 per ton, growing by 105% against the previous year.

What is the average import price for benzoic acid, its salts and esters in Sweden?

The average benzoic acid import price stood at $2,151 per ton in 2021, with an increase of 21% against the previous year.

This report provides an in-depth analysis of the benzoic acid market in Sweden. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143363 - Benzoic acid, its salts and esters

Country coverage:

Sweden

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sweden
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023