Sweden: Oxides And Hydroxides Market 2024

Oxides And Hydroxides Market Size in Sweden

In 2021, after two years of decline, there was significant growth in the Swedish oxides and hydroxides market, when its value increased by 66% to $X. In general, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Oxides And Hydroxides Exports

Exports from Sweden

In 2021, after three years of growth, there was significant decline in overseas shipments of chromium, manganese, lead and copper oxides and hydroxides, when their volume decreased by -50.4% to X tons. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2020 when exports increased by 60%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, oxides and hydroxides exports fell dramatically to $X in 2021. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2020 when exports increased by 61% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons), Italy (X tons) and the Netherlands (X tons) were the main destinations of oxides and hydroxides exports from Sweden, together accounting for 81% of total exports. These countries were followed by Norway, Finland, Croatia, Latvia and Poland, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +64.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oxides and hydroxides exported from Sweden were France ($X), Italy ($X) and the Netherlands ($X), with a combined 90% share of total exports. These countries were followed by Croatia, Norway, Finland, Latvia and Poland, which together accounted for a further 7.7%.

Latvia, with a CAGR of +42.3%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average oxides and hydroxides export price amounted to $X per ton, increasing by 34% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to Norway ($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 Croatia (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides And Hydroxides Imports

Imports into Sweden

In 2021, purchases abroad of chromium, manganese, lead and copper oxides and hydroxides was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded perceptible growth. The pace of growth was the most pronounced in 2016 when imports increased by 84% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, oxides and hydroxides imports soared to $X in 2021. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest oxides and hydroxides supplier to Sweden, with a 76% share of total imports. Moreover, oxides and hydroxides imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. Norway (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.3% per year) and Norway (-12.6% per year).

In value terms, the United States ($X) constituted the largest supplier of chromium, manganese, lead and copper oxides and hydroxides to Sweden, comprising 84% of total imports. The second position in the ranking was taken by Norway ($X), with a 7.1% share of total imports. It was followed by Germany, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-14.9% per year) and Germany (+3.7% per year).

Import Prices by Country

In 2021, the average oxides and hydroxides import price amounted to $X per ton, picking up by 16% against the previous year. In general, the import price, however, saw a slight setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 131% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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