Sweden: O-Xylene Market 2024

O-Xylene Market Size in Sweden

In 2022, the Swedish o-xylene market increased by 21% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the near future.

O-Xylene Exports

Exports from Sweden

In 2022, approx. X tons of o-xylene were exported from Sweden; reducing by -35.7% against the year before. Overall, exports, however, saw a tangible increase. The pace of growth was the most pronounced in 2019 with an increase of 515%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, o-xylene exports totaled $X in 2022. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 528%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for o-xylene exports from Sweden, with a 65% share of total exports. Moreover, o-xylene exports to Norway exceeded the volume sent to the second major destination, Finland (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+27.5% per year) and France (0.0% per year).

In value terms, Norway ($X) remains the key foreign market for o-xylene exports from Sweden, comprising 65% of total exports. The second position in the ranking was held by Finland ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Norway amounted to +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+32.0% per year) and France (0.0% per year).

Export Prices by Country

In 2022, the average o-xylene export price amounted to $X per ton, growing by 58% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to France ($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 Algeria (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

O-Xylene Imports

Imports into Sweden

In 2022, the amount of o-xylene imported into Sweden dropped to X tons, falling by -9.6% compared with the previous year. Overall, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +2.0% 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 +2.4% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 43%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, o-xylene imports surged to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +79.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of o-xylene to Sweden, with a 59% share of total imports. Moreover, o-xylene imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Finland (X tons), fivefold. Russia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +35.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-16.2% per year) and Russia (-24.4% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of o-xylene to Sweden, comprising 64% of total imports. The second position in the ranking was held by South Korea ($X), with a 10% share of total imports. It was followed by Finland, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +53.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+5.1% per year) and Finland (-17.8% per year).

Import Prices by Country

The average o-xylene import price stood at $X per ton in 2022, increasing by 51% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 South Korea ($X per ton), while the price for Russia ($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 United States (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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