Sweden: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Sweden

In 2022, the Swedish phosphinates and phosphonates market decreased by -70.2% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a abrupt shrinkage. Phosphinates and phosphonates consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Phosphinates And Phosphonates Production in Sweden

In value terms, phosphinates and phosphonates production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 71% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Phosphinates And Phosphonates Exports

Exports from Sweden

Phosphinates and phosphonates exports from Sweden surged to X tons in 2022, with an increase of 968% against 2021. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,800% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, phosphinates and phosphonates exports skyrocketed to $X in 2022. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for phosphinates and phosphonates exports from Sweden, accounting for a 75% share of total exports. Moreover, phosphinates and phosphonates exports to the UK exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold. Belgium (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+163.0% per year) and Belgium (+49.5% per year).

In value terms, the UK ($X) emerged as the key foreign market for phosphinates (hypophosphites) and phosphonates (phosphites) exports from Sweden, comprising 68% of total exports. The second position in the ranking was held by Belgium ($X), with a 10% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+111.7% per year) and Germany (0.0% per year).

Export Prices by Country

The average phosphinates and phosphonates export price stood at $X per ton in 2022, increasing by 116% against the previous year. In general, the export price, however, saw a noticeable decrease. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($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 Spain (+141.5%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports into Sweden

In 2022, purchases abroad of phosphinates (hypophosphites) and phosphonates (phosphites) decreased by -54.3% to X tons, falling for the fifth year in a row after six years of growth. Overall, imports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2013 when imports increased by 266% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, phosphinates and phosphonates imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of phosphinates and phosphonates to Sweden, accounting for a 53% share of total imports. Moreover, phosphinates and phosphonates imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by Japan (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -35.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+42.6% per year) and Japan (0.0% per year).

In value terms, Japan ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to Sweden, comprising 97% of total imports. The second position in the ranking was taken by China ($X), with a 1.1% share of total imports. It was followed by the Netherlands, with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-35.2% per year) and the Netherlands (+48.5% per year).

Import Prices by Country

The average phosphinates and phosphonates import price stood at $X per ton in 2022, jumping by 3,420% against the previous year. Overall, the import price recorded a significant expansion. 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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+44.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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