Sweden: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Sweden

In 2022, the Swedish oxides of boron market increased by 34% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +13.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +46.1% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the near future.

Oxides Of Boron Exports

Exports from Sweden

In 2022, shipments abroad of oxides of boron, boric acids and inorganic acids increased by 29% to X tons, rising for the second year in a row after two years of decline. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 143%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, oxides of boron exports soared to $X in 2022. In general, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 120%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Poland (X tons) was the main destination for oxides of boron exports from Sweden, accounting for a 44% share of total exports. Moreover, oxides of boron exports to Poland exceeded the volume sent to the second major destination, Luxembourg (X tons), threefold. Denmark (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland totaled +18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (0.0% per year) and Denmark (+37.2% per year).

In value terms, the largest markets for oxides of boron exported from Sweden were Poland ($X), Belgium ($X) and Norway ($X), together comprising 63% of total exports.

Among the main countries of destination, Belgium, with a CAGR of +168.3%, recorded the highest growth rate of 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

In 2022, the average oxides of boron export price amounted to $X per ton, increasing by 57% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Italy ($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 Belgium (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into Sweden

In 2022, supplies from abroad of oxides of boron, boric acids and inorganic acids decreased by -3% to X tons, falling for the fourth consecutive year after two years of growth. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +12.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.7% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 160% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, oxides of boron imports soared to $X in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 76% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Finland (X tons) constituted the largest supplier of oxides of boron to Sweden, accounting for a 81% share of total imports. Moreover, oxides of boron imports from Finland exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold. The third position in this ranking was held by China (X tons), with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from Finland totaled +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.1% per year) and China (+19.2% per year).

In value terms, Finland ($X), China ($X) and Indonesia ($X) appeared to be the largest oxides of boron suppliers to Sweden, with a combined 75% share of total imports.

Indonesia, with a CAGR of +65.0%, recorded 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

In 2022, the average oxides of boron import price amounted to $X per ton, with an increase of 65% against the previous year. Over the period under review, the import price saw slight growth. 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 Indonesia ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :