Sweden: Carbides Market 2024

Carbides Market Size in Sweden

The Swedish carbides market reduced to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption saw a slight downturn. Carbides consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Carbides Production in Sweden

In value terms, carbides production contracted slightly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by 8%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Carbides Exports

Exports from Sweden

Carbides exports from Sweden declined to X tons in 2022, with a decrease of -5% on the previous year. Overall, exports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2014 when exports increased by 5.6%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, carbides exports dropped significantly to $X in 2022. In general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 7.4%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Belgium (X tons) and Finland (X tons) were the main destinations of carbides exports from Sweden, together comprising 62% of total exports. Hungary, the Czech Republic, Germany, the UK, Denmark, Italy and France lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +68.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Poland ($X) and Finland ($X) constituted the largest markets for carbides exported from Sweden worldwide, with a combined 61% share of total exports.

In terms of the main countries of destination, Hungary, with a CAGR of +87.0%, recorded the highest rates of growth with regard to 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

In 2022, the average carbides export price amounted to $X per ton, shrinking by -12.4% against the previous year. Overall, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 13%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Belgium ($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 the Netherlands (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Carbides Imports

Imports into Sweden

In 2022, purchases abroad of carbides decreased by -23.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, carbides imports amounted to $X in 2022. In general, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +61.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 58%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Norway (X tons) constituted the largest supplier of carbides to Sweden, accounting for a 43% share of total imports. Moreover, carbides imports from Norway exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Austria (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Norway stood at -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.8% per year) and Austria (+10.5% per year).

In value terms, Austria ($X) constituted the largest supplier of carbides to Sweden, comprising 62% of total imports. The second position in the ranking was held by Norway ($X), with a 14% share of total imports. It was followed by Germany, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from Austria totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-6.8% per year) and Germany (+1.2% per year).

Import Prices by Country

In 2022, the average carbides import price amounted to $X per ton, picking up by 34% against the previous year. Over the period under review, the import price showed prominent growth. The pace of growth appeared the most rapid in 2021 an increase of 54%. The import price peaked in 2022 and is likely to continue growth in the near future.

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 Austria ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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