Sweden: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in Sweden

In 2022, after two years of growth, there was decline in the Swedish acrylic acid esters market, when its value decreased by -3.1% to $X. The market value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then fell in the following year.

Acrylic Acid Esters Exports

Exports from Sweden

In 2022, the amount of esters of acrylic acid exported from Sweden fell rapidly to X tons, waning by -58% compared with 2021 figures. Over the period under review, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of 94%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, acrylic acid esters exports fell rapidly to $X in 2022. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 40% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Denmark (X tons), Italy (X tons) and Brazil (X tons) were the main destinations of acrylic acid esters exports from Sweden, with a combined 54% share of total exports. Poland, Thailand, Germany, the Czech Republic, South Africa, Lithuania, the UK, Russia and Turkey lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +32.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Brazil ($X) and Italy ($X) appeared to be the largest markets for acrylic acid esters exported from Sweden worldwide, together accounting for 54% of total exports. Poland, the Czech Republic, Thailand, Germany, South Africa, Lithuania, the UK, Russia and Turkey lagged somewhat behind, together comprising a further 37%.

In terms of the main countries of destination, Thailand, with a CAGR of +29.2%, saw the highest rates of growth with regard to 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 acrylic acid esters export price stood at $X per ton in 2022, with a decrease of -19.7% against the previous year. Overall, the export price showed a slight decrease. The pace of growth was the most pronounced in 2013 an increase of 38%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Italy ($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 Brazil (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Acrylic Acid Esters Imports

Imports into Sweden

In 2022, overseas purchases of esters of acrylic acid decreased by -5.2% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 with an increase of 16% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, acrylic acid esters imports declined slightly to $X in 2022. In general, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 59% against the previous year. As a result, imports attained the peak of $X, and then contracted modestly in the following year.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of acrylic acid esters imports to Sweden, together comprising 92% of total imports. The Netherlands, the Czech Republic and Denmark lagged somewhat behind, together comprising a further 7.2%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +24.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and France ($X) appeared to be the largest acrylic acid esters suppliers to Sweden, together accounting for 89% of total imports. The Netherlands, the Czech Republic and Denmark lagged somewhat behind, together comprising a further 11%.

The Netherlands, with a CAGR of +34.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average acrylic acid esters import price amounted to $X per ton, surging by 3% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acrylic acid esters import price increased by +61.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 56% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

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 Denmark ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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