Sweden: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Sweden

The Swedish market for compounds with other nitrogen function (excluding isocyanates) amounted to $X in 2022, picking up by 8.9% against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.6% against 2019 indices. Compounds with other nitrogen function consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Sweden

In value terms, compounds with other nitrogen function production dropped to $X in 2022 estimated in export price. In general, production, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by 127%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Sweden

In 2022, approx. X tons of compounds with other nitrogen function (excluding isocyanates) were exported from Sweden; surging by 8.7% compared with the year before. Overall, exports, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2019 with an increase of 289%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, compounds with other nitrogen function exports shrank to $X in 2022. In general, exports, however, continue to indicate a perceptible slump. The growth pace was the most rapid in 2019 when exports increased by 268%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for compounds with other nitrogen function exports from Sweden, accounting for a 82% share of total exports. Moreover, compounds with other nitrogen function exports to Norway exceeded the volume sent to the second major destination, Switzerland (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at +96.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+148.2% per year) and the United States (-26.8% per year).

In value terms, Norway ($X) remains the key foreign market for compounds with other nitrogen function (excluding isocyanates) exports from Sweden, comprising 68% of total exports. The second position in the ranking was held by Switzerland ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Norway stood at +88.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+270.8% per year) and the United States (-27.4% per year).

Export Prices by Country

The average export price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, falling by -12.8% against the previous year. In general, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 82% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 Switzerland ($X per ton), while the average price for exports to Norway ($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 Switzerland (+49.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Sweden

Compounds with other nitrogen function imports into Sweden surged to X tons in 2022, rising by 59% against 2021 figures. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 195%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, compounds with other nitrogen function imports skyrocketed to $X in 2022. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 103%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest compounds with other nitrogen function supplier to Sweden, with a 77% share of total imports. Moreover, compounds with other nitrogen function imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was held by China (X tons), with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +51.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+121.6% per year) and China (+128.9% per year).

In value terms, Germany ($X) constituted the largest supplier of compounds with other nitrogen function (excluding isocyanates) to Sweden, comprising 75% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by China, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +48.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+104.6% per year) and China (+112.3% per year).

Import Prices by Country

The average import price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, waning by -4.7% against the previous year. Over the period under review, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 14%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($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 (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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