Sweden: Carbonate Market 2025

Carbonate Market Size in Sweden

In 2021, the Swedish carbonate market decreased by -35.1% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced rapidly in the following year.

Carbonate Production in Sweden

In value terms, carbonate production declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +7.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 70% against the previous year. Carbonate production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Carbonate Exports

Exports from Sweden

In 2021, shipments abroad of carbonates and peroxocarbonates increased by 66% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports, however, showed a abrupt downturn. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, carbonate exports fell notably to $X in 2021. Over the period under review, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2013 when exports increased by 13% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for carbonate exports from Sweden, accounting for a 51% share of total exports. Moreover, carbonate exports to Belgium exceeded the volume sent to the second major destination, Finland (X tons), twofold. The third position in this ranking was taken by Canada (X tons), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium totaled +126.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+36.3% per year) and Canada (+5.0% per year).

In value terms, the largest markets for carbonate exported from Sweden were South Korea ($X), Canada ($X) and Finland ($X), together accounting for 49% of total exports. Norway, Germany, Belgium, Denmark, Poland, Russia, Turkey, Italy and the Netherlands lagged somewhat behind, together accounting for a further 23%.

In terms of the main countries of destination, Belgium, with a CAGR of +75.7%, saw 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 carbonate export price stood at $X per ton in 2021, with a decrease of -64.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 112%. The export price peaked at $X per ton in 2020, and then shrank rapidly in the following year.

Prices varied noticeably by country of destination: 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+36.9%), while the prices for the other major destinations experienced more modest paces of growth.

Carbonate Imports

Imports into Sweden

In 2021, overseas purchases of carbonates and peroxocarbonates increased by 4% to X tons, rising for the second year in a row after seven years of decline. Overall, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2020 when imports increased by 9.4%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, carbonate imports reached $X in 2021. Over the period under review, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 5.9% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Norway (X tons) constituted the largest supplier of carbonate to Sweden, accounting for a 42% share of total imports. Moreover, carbonate imports from Norway exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Finland (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Norway amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-10.1% per year) and Finland (+133.4% per year).

In value terms, the largest carbonate suppliers to Sweden were Belgium ($X), Germany ($X) and Norway ($X), with a combined 47% share of total imports. These countries were followed by Finland, Turkey, the UK, Poland, France and Russia, which together accounted for a further 27%.

Among the main suppliers, Finland, with a CAGR of +67.3%, recorded the highest rates of growth with regard to 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 2021, the average carbonate import price amounted to $X per ton, with a decrease of -3.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 9.3% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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