Sweden: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Sweden

In 2021, the Swedish bituminous mixtures market increased by 124% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a strong increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Bituminous Mixtures Production in Sweden

In value terms, bituminous mixtures production skyrocketed to $X in 2021 estimated in export price. In general, production saw a prominent expansion. The growth pace was the most rapid in 2016 when the production volume increased by 134% against the previous year. Over the period under review, production reached the maximum level in 2021 and is expected to retain growth in years to come.

Bituminous Mixtures Exports

Exports from Sweden

In 2021, shipments abroad of bituminous mixtures decreased by -9% to X tons, falling for the third consecutive year after three years of growth. Overall, exports, however, recorded a strong increase. The growth pace was the most rapid in 2017 when exports increased by 111% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, bituminous mixtures exports reached $X in 2021. In general, total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 65%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Norway (X tons) was the main destination for bituminous mixtures exports from Sweden, accounting for a 77% share of total exports. Moreover, bituminous mixtures 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 Finland (X tons), with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume to Norway totaled +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+7.6% per year) and Finland (+17.0% per year).

In value terms, the largest markets for bituminous mixtures exported from Sweden were Norway ($X), Denmark ($X) and Japan ($X), with a combined 89% share of total exports. These countries were followed by Finland and Germany, which together accounted for a further 6.2%.

Germany, with a CAGR of +71.3%, 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

The average bituminous mixtures export price stood at $X per ton in 2021, picking up by 24% against the previous year. Overall, the export price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 34%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.4%), while the prices for the other major destinations experienced a decline.

Bituminous Mixtures Imports

Imports into Sweden

In 2021, purchases abroad of bituminous mixtures was finally on the rise to reach X tons after two years of decline. In general, imports enjoyed a moderate increase. The growth pace was the most rapid in 2018 with an increase of 296%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, bituminous mixtures imports surged to $X in 2021. Over the period under review, imports, however, saw a perceptible setback. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Norway (X tons), Denmark (X tons) and Finland (X tons) were the main suppliers of bituminous mixtures imports to Sweden, with a combined 82% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +60.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest bituminous mixtures suppliers to Sweden were Denmark ($X), Germany ($X) and Finland ($X), with a combined 68% share of total imports. Norway and the United States lagged somewhat behind, together comprising a further 18%.

In terms of the main suppliers, Norway, with a CAGR of +39.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average bituminous mixtures import price stood at $X per ton in 2021, dropping by -28.1% against the previous year. In general, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 57%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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