Sweden: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Sweden

The Swedish polishes for coachwork market contracted sharply to $X in 2022, falling by -23.6% against the previous year. Over the period under review, consumption saw a perceptible slump. Polishes for coachwork consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Polishes For Coachwork Production in Sweden

In value terms, polishes for coachwork production dropped to $X in 2022 estimated in export price. Overall, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 7.9%. Polishes for coachwork production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Polishes For Coachwork Exports

Exports from Sweden

In 2022, approx. X tons of polishes for coachwork were exported from Sweden; approximately reflecting the previous year's figure. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 26%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, polishes for coachwork exports contracted dramatically to $X in 2022. Overall, total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 23%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell sharply in the following year.

Exports by Country

Norway (X tons) was the main destination for polishes for coachwork exports from Sweden, with a 60% share of total exports. Moreover, polishes for coachwork exports to Norway exceeded the volume sent to the second major destination, Denmark (X tons), threefold. Finland (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+1.1% per year) and Finland (-6.5% per year).

In value terms, Norway ($X) remains the key foreign market for polishes for coachwork exports from Sweden, comprising 52% of total exports. The second position in the ranking was taken by Denmark ($X), with a 17% share of total exports. It was followed by Finland, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway amounted to +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+0.3% per year) and Finland (-0.7% per year).

Export Prices by Country

The average polishes for coachwork export price stood at $X per ton in 2022, reducing by -23.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 32% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Denmark ($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 Finland (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Polishes For Coachwork Imports

Imports into Sweden

Polishes for coachwork imports into Sweden shrank to X tons in 2022, waning by -9.3% compared with the previous year's figure. Overall, imports showed a perceptible decrease. The pace of growth was the most pronounced in 2016 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, polishes for coachwork imports shrank to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 17%. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

The UK (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of polishes for coachwork imports to Sweden, with a combined 70% share of total imports. Poland, the United States, France, China, South Korea and Norway lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +99.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of polishes for coachwork to Sweden, comprising 32% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by the UK, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.3% per year) and the UK (-10.5% per year).

Import Prices by Country

The average polishes for coachwork import price stood at $X per ton in 2022, shrinking by -5.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2020 an increase of 26% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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