Sweden: Market for Refractory Products of Siliceous or Diatomite Earths 2024

Market Size for Refractory Products of Siliceous or Diatomite Earths in Sweden

In 2021, after two years of decline, there was significant growth in the Swedish market for refractory products of siliceous or diatomite earths, when its value increased by 18% to $X. Over the period under review, consumption, however, continues to indicate a perceptible setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Refractory Products of Siliceous or Diatomite Earths in Sweden

In value terms, production of refractory products of siliceous or diatomite earths expanded sharply to $X in 2021 estimated in export price. Overall, production, however, showed a noticeable decline. The growth pace was the most rapid in 2013 when the production volume increased by 120% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports from Sweden

After five years of growth, overseas shipments of refractory products of siliceous or diatomite earths decreased by -33.2% to X tons in 2021. Overall, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 222% against the previous year. The exports peaked at X tons in 2020, and then dropped remarkably in the following year.

In value terms, exports of refractory products of siliceous or diatomite earths surged to $X in 2021. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 183% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Norway (X tons), Russia (X tons) and Finland (X tons) were the main destinations of exports of refractory products of siliceous or diatomite earths from Sweden, with a combined 95% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +24.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refractory products of siliceous or diatomite earths exported from Sweden were Norway ($X), Russia ($X) and the UK ($X), with a combined 93% share of total exports.

The UK, with a CAGR of +44.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for refractory products of siliceous or diatomite earths stood at $X per ton in 2021, rising by 135% against the previous year. Overall, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+33.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports into Sweden

In 2021, overseas purchases of refractory products of siliceous or diatomite earths increased by 72% to X tons, rising for the second year in a row after three years of decline. Overall, imports posted a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by 91% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, imports of refractory products of siliceous or diatomite earths skyrocketed to $X in 2021. In general, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Denmark (X tons) constituted the largest refractory products of siliceous or diatomite earths supplier to Sweden, with a 41% share of total imports. Moreover, imports of refractory products of siliceous or diatomite earths from Denmark exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+67.1% per year) and Spain (+9.9% per year).

In value terms, Denmark ($X), Estonia ($X) and Latvia ($X) were the largest refractory products of siliceous or diatomite earths suppliers to Sweden, together accounting for 66% of total imports. Italy, Poland, Spain, Turkey and the UK lagged somewhat behind, together accounting for a further 17%.

Turkey, with a CAGR of +64.4%, saw 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

The average import price for refractory products of siliceous or diatomite earths stood at $X per ton in 2021, growing by 76% against the previous year. Overall, the import price enjoyed a remarkable increase. As a result, import price reached 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 Latvia ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+62.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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