Sweden: Cement Market 2024

Cement Market Size in Sweden

The Swedish cement market stood at $X in 2022, with an increase of 2.6% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Cement Production in Sweden

In value terms, cement production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 2.7%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Cement Exports

Exports from Sweden

Cement exports from Sweden contracted sharply to X tons in 2022, declining by -36.4% on 2021. Overall, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 55%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, cement exports reduced slightly to $X in 2022. In general, exports showed a drastic downturn. The pace of growth was the most pronounced in 2014 when exports increased by 34%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for cement exports from Sweden, with a 83% share of total exports. Moreover, cement exports to Norway exceeded the volume sent to the second major destination, Estonia (X tons), tenfold. Denmark (X tons) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+41.4% per year) and Denmark (-19.3% per year).

In value terms, Norway ($X) emerged as the key foreign market for cement exports from Sweden, comprising 82% of total exports. The second position in the ranking was taken by Denmark ($X), with a 6.9% share of total exports. It was followed by Estonia, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway stood at +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-15.0% per year) and Estonia (+37.1% per year).

Export Prices by Country

The average cement export price stood at $X per ton in 2022, with an increase of 50% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cement export price increased by +90.2% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Lithuania ($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 United States (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cement Imports

Imports into Sweden

In 2022, approx. X tons of cement were imported into Sweden; waning by -2.7% compared with 2021 figures. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 23% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, cement imports stood at $X in 2022. The total import value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Latvia (X tons) constituted the largest supplier of cement to Sweden, accounting for a 50% share of total imports. Moreover, cement imports from Latvia exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Norway (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Latvia amounted to +43.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.8% per year) and Norway (+84.4% per year).

In value terms, Latvia ($X) constituted the largest supplier of cement to Sweden, comprising 29% of total imports. The second position in the ranking was taken by Denmark ($X), with a 14% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Latvia amounted to +44.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+4.7% per year) and Germany (-6.7% per year).

Import Prices by Country

The average cement import price stood at $X per ton in 2022, increasing by 9.9% against the previous year. In general, the import price recorded a mild expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 19% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 France ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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