Sweden: Expanded Clays Market 2024

Expanded Clays Market Size in Sweden

In 2021, the Swedish expanded clays market increased by 8.3% to $X, rising for the fifth consecutive year after three years of decline. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in years to come.

Expanded Clays Production in Sweden

In value terms, expanded clays production expanded modestly to $X in 2021 estimated in export price. In general, production, however, showed a abrupt curtailment. Expanded clays production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Expanded Clays Exports

Exports from Sweden

In 2021, shipments abroad of exfoliated vermiculite, expanded clays and foamed slag increased by 12% to X tons for the first time since 2015, thus ending a five-year declining trend. In general, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 55% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, expanded clays exports surged to $X in 2021. Overall, exports, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 23%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for expanded clays exports from Sweden, with a 73% share of total exports. Moreover, expanded clays exports to Norway exceeded the volume sent to the second major destination, Denmark (X tons), sixfold. Finland (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to Norway amounted to -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-8.7% per year) and Finland (+1.3% per year).

In value terms, Norway ($X) remains the key foreign market for exfoliated vermiculite, expanded clays and foamed slag exports from Sweden, comprising 58% of total exports. The second position in the ranking was held by the United States ($X), with a 19% share of total exports. It was followed by Denmark, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway totaled +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.1% per year) and Denmark (-13.5% per year).

Export Prices by Country

The average expanded clays export price stood at $X per ton in 2021, increasing by 5.2% against the previous year. In general, the export price showed a buoyant increase. The growth pace was the most rapid in 2013 when the average export price increased by 48%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Denmark ($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 Norway (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Expanded Clays Imports

Imports into Sweden

In 2021, expanded clays imports into Sweden soared to X tons, growing by 15% on the previous year's figure. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 128% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, expanded clays imports expanded rapidly to $X in 2021. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 50% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Norway (X tons), Denmark (X tons) and Portugal (X tons) were the main suppliers of expanded clays imports to Sweden, together comprising 76% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +106.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), the Czech Republic ($X) and Denmark ($X) were the largest expanded clays suppliers to Sweden, with a combined 63% share of total imports.

Norway, with a CAGR of +80.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average expanded clays import price stood at $X per ton in 2021, almost unchanged from the previous year. Over the period under review, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 5.9%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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