Sweden: Ethyl Acetate Market 2024

Ethyl Acetate Market Size in Sweden

In 2021, the Swedish ethyl acetate market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Ethyl Acetate Production in Sweden

In value terms, ethyl acetate production rose rapidly to $X in 2021 estimated in export price. In general, production, however, saw a mild decrease. The pace of growth appeared the most rapid in 2019 with an increase of 596%. Ethyl acetate production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Ethyl Acetate Exports

Exports from Sweden

In 2021, shipments abroad of ethyl acetate decreased by -12.4% to X tons, falling for the third consecutive year after two years of growth. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 124% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, ethyl acetate exports soared to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 105%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for ethyl acetate exports from Sweden, accounting for a 91% share of total exports. Moreover, ethyl acetate exports to Belgium exceeded the volume sent to the second major destination, Finland (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-7.0% per year) and Denmark (-8.8% per year).

In value terms, Belgium ($X) remains the key foreign market for ethyl acetate exports from Sweden, comprising 88% of total exports. The second position in the ranking was held by Finland ($X), with an 8.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-4.9% per year) and Denmark (-6.1% per year).

Export Prices by Country

The average ethyl acetate export price stood at $X per ton in 2021, jumping by 45% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Belgium ($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 Denmark (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Ethyl Acetate Imports

Imports into Sweden

In 2021, the amount of ethyl acetate imported into Sweden surged to X tons, jumping by 16% compared with the year before. Over the period under review, imports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2016 when imports increased by 1,273%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, ethyl acetate imports soared to $X in 2021. In general, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 406% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), Denmark (X tons) and the Netherlands (X tons) were the main suppliers of ethyl acetate imports to Sweden, with a combined 95% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +6.3%), while imports for the other leaders experienced a decline.

In value terms, the largest ethyl acetate suppliers to Sweden were Belgium ($X), Denmark ($X) and the Netherlands ($X), with a combined 86% share of total imports.

In terms of the main suppliers, Denmark, with a CAGR of +10.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ethyl acetate import price stood at $X per ton in 2021, with an increase of 41% against the previous year. In general, the import price saw a prominent increase. The most prominent rate of growth was recorded in 2019 an increase of 107%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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