Sweden: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Sweden

The Swedish reaction initiators and accelerators market contracted to $X in 2022, with a decrease of -5.2% against the previous year. Overall, consumption, however, continues to indicate buoyant growth. Reaction initiators and accelerators consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Sweden

In value terms, reaction initiators and accelerators production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 17% against the previous year. Reaction initiators and accelerators production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Sweden

In 2022, shipments abroad of reaction initiators, reaction accelerators and catalytic preparations increased by 4.5% to X tons, rising for the third consecutive year after two years of decline. In general, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, reaction initiators and accelerators exports expanded sharply to $X in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 97%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons) was the main destination for reaction initiators and accelerators exports from Sweden, accounting for a 40% share of total exports. Moreover, reaction initiators and accelerators exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), threefold. Norway (X tons) ranked third in terms of total exports with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+0.6% per year) and Norway (+19.2% per year).

In value terms, Germany ($X) remains the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from Sweden, comprising 85% of total exports. The second position in the ranking was held by Slovakia ($X), with a 2.4% share of total exports. It was followed by China, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +34.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+55.2% per year) and China (+10.4% per year).

Export Prices by Country

The average reaction initiators and accelerators export price stood at $X per ton in 2022, increasing by 9.3% against the previous year. Overall, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 61%. Over the period under review, the average export prices attained the maximum 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 Germany ($X per ton), while the average price for exports to France ($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 Slovakia (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Sweden

In 2022, overseas purchases of reaction initiators, reaction accelerators and catalytic preparations increased by 11% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 12%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, reaction initiators and accelerators imports expanded notably to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 59% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Norway (X tons) constituted the largest supplier of reaction initiators and accelerators to Sweden, with a 54% share of total imports. Moreover, reaction initiators and accelerators imports from Norway exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-3.7% per year) and Germany (+0.6% per year).

In value terms, Germany ($X), Norway ($X) and China ($X) were the largest reaction initiators and accelerators suppliers to Sweden, with a combined 56% share of total imports. The Netherlands, Finland, France, the United States and the UK lagged somewhat behind, together comprising a further 33%.

France, with a CAGR of +17.9%, 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 reaction initiators and accelerators import price amounted to $X per ton, reducing by -5.4% against the previous year. Over the period under review, the import price saw a mild descent. The pace of growth appeared the most rapid in 2019 an increase of 69%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 China ($X per ton), while the price for Norway ($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 (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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