Sweden: Lime Market 2024

Lime Market Size in Sweden

The Swedish lime market amounted to $X in 2021, approximately reflecting the previous year. Over the period under review, consumption, however, continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2019 with an increase of 9.7% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Lime Production in Sweden

In value terms, lime production dropped modestly to $X in 2021 estimated in export price. In general, production continues to indicate a deep setback. The growth pace was the most rapid in 2020 with an increase of 7.7%. Lime production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Lime Exports

Exports from Sweden

In 2021, exports of lime from Sweden contracted remarkably to X tons, shrinking by -15.9% against 2020 figures. Overall, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2020 when exports increased by 57% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, lime exports contracted to $X in 2021. In general, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 61% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark (X tons) was the main destination for lime exports from Sweden, accounting for a 57% share of total exports. Moreover, lime exports to Denmark exceeded the volume sent to the second major destination, Finland (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Denmark stood at -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-13.9% per year) and Norway (-4.0% per year).

In value terms, the largest markets for lime exported from Sweden were Denmark ($X), Finland ($X) and Norway ($X), with a combined 99% share of total exports.

In terms of the main countries of destination, Denmark, with a CAGR of -7.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average lime export price stood at $X per ton in 2021, increasing by 5.5% against the previous year. Overall, the export price, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Denmark ($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 Finland (+1.6%), while the prices for the other major destinations experienced a decline.

Lime Imports

Imports into Sweden

Lime imports into Sweden totaled X tons in 2021, increasing by 8.5% on 2020. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 26% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, lime imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The UK (X tons), Norway (X tons) and Finland (X tons) were the main suppliers of lime imports to Sweden, together comprising 75% of total imports. These countries were followed by France, Belgium, Denmark and the Czech Republic, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +53.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Norway ($X) and Finland ($X) appeared to be the largest lime suppliers to Sweden, together accounting for 73% of total imports. These countries were followed by France, Denmark, Belgium and the Czech Republic, which together accounted for a further 24%.

France, with a CAGR of +49.1%, saw the highest growth rate of 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

The average lime import price stood at $X per ton in 2021, growing by 14% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained 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 Denmark ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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