Report Update Nov 1, 2024

Sweden - Cumene - Market Analysis, Forecast, Size, Trends and Insights

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Sweden: Cumene Market 2024

Cumene Market Size in Sweden

In 2021, the Swedish cumene market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, recorded a dramatic downturn. Cumene consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Cumene Production in Sweden

In value terms, cumene production amounted to $X in 2021 estimated in export price. Overall, production showed a perceptible slump. The pace of growth appeared the most rapid in 2018 with an increase of 25%. Cumene production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Cumene Exports

Exports from Sweden

In 2021, overseas shipments of cumene decreased by -16.9% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 2,925% against the previous year. As a result, the exports reached the peak of X tons, and then fell sharply in the following year.

In value terms, cumene exports contracted sharply to $X in 2021. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,646% against the previous year. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

The UK (X tons) was the main destination for cumene exports from Sweden, with a 92% share of total exports. Moreover, cumene exports to the UK exceeded the volume sent to the second major destination, Norway (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK was relatively modest.

In value terms, the UK ($X) emerged as the key foreign market for cumene exports from Sweden, comprising 94% of total exports. The second position in the ranking was held by Norway ($X), with a 5.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK was relatively modest.

Export Prices by Country

In 2021, the average cumene export price amounted to $X per ton, with a decrease of -9.4% against the previous year. Overall, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Norway totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-10.6%).

Cumene Imports

Imports into Sweden

In 2020, approx. X kg of cumene were imported into Sweden; reducing by -75.9% compared with 2019 figures. In general, imports faced a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 2,450% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2020, the growth of imports failed to regain momentum.

In value terms, cumene imports contracted sharply to $X in 2020. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 2,377% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Germany (X kg) constituted the largest supplier of cumene to Sweden, with a 79% share of total imports. Moreover, cumene imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X kg), fourfold.

From 2012 to 2020, the average annual growth rate of volume from Germany totaled -9.8%.

In value terms, Belgium ($X) and Germany ($X) constituted the largest cumene suppliers to Sweden.

Belgium, with a CAGR of +5.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average cumene import price stood at $X per ton in 2020, with an increase of 118% against the previous year. Overall, the import price recorded a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany stood at $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Belgium (+30.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cumene in the world?

The countries with the highest volumes of cumene consumption in 2021 were Belgium, China and Japan, with a combined 73% share of global consumption. These countries were followed by the United States, Singapore, Brazil and Germany, which together accounted for a further 21%.

What are the largest producers of cumene in the world?

The countries with the highest volumes of cumene production in 2021 were the Netherlands, Japan and Singapore, with a combined 78% share of global production. The United States, Germany, Russia and Portugal lagged somewhat behind, together accounting for a further 19%.

What are the leading suppliers of cumene to Sweden?

In value terms, the largest cumene suppliers to Sweden were Belgium $36) and Germany $21).

What are the leading importers of cumene from Sweden?

In value terms, the UK emerged as the key foreign market for cumene exports from Sweden, comprising 94% of total exports. The second position in the ranking was occupied by Norway $169), with a 5.6% share of total exports.

What is the average export price for cumene in Sweden?

In 2021, the average cumene export price amounted to $5,095 per ton, falling by -99.5% against the previous year.

What is the average import price for cumene in Sweden?

The average cumene import price stood at $1,248 per ton in 2020, with an increase of 44% against the previous year.

This report provides an in-depth analysis of the cumene market in Sweden. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141270 - Cumene

Country coverage:

Sweden

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sweden
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023