Sweden: Phenols Market 2024

Phenols Market Size in Sweden

The Swedish phenols market shrank to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% 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 hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Phenols Production in Sweden

In value terms, phenols production dropped to $X in 2022 estimated in export price. In general, production, however, posted a buoyant expansion. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Phenols production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Phenols Exports

Exports from Sweden

In 2022, approx. X tons of phenols were exported from Sweden; reducing by X% on the previous year. In general, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, phenols exports dropped rapidly to $X in 2022. Overall, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Italy (X tons) was the main destination for phenols exports from Sweden, accounting for a X% share of total exports. Moreover, phenols exports to Italy exceeded the volume sent to the second major destination, Finland (X tons), fourfold. The third position in this ranking was taken by Norway (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and Norway (X% per year).

In value terms, Italy ($X) remains the key foreign market for phenols exports from Sweden, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Denmark (X% per year).

Export Prices by Country

The average phenols export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price recorded a significant increase. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the United States ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phenols Imports

Imports into Sweden

In 2022, imports of phenols into Sweden contracted to X tons, which is down by X% against 2021. In general, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, phenols imports soared to $X in 2022. Overall, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Finland (X tons), Denmark (X tons) and Spain (X tons) were the main suppliers of phenols imports to Sweden, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest phenols suppliers to Sweden were Finland ($X), Denmark ($X) and Switzerland ($X), with a combined X% share of total imports.

Denmark, with a CAGR of X%, 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 phenols import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Switzerland ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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