Sweden: Market for Salts Of Acetic Acid 2024

Market Size for Salts Of Acetic Acid in Sweden

The Swedish salts of acetic acid market reached $X in 2022, with an increase of 8% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Salts Of Acetic Acid in Sweden

In value terms, salts of acetic acid production totaled $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 75% against the previous year. Salts of acetic acid production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Salts Of Acetic Acid

Exports from Sweden

In 2022, approx. X tons of salts of acetic acid were exported from Sweden; with a decrease of -20% on the year before. Over the period under review, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2014 when exports increased by 487%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, salts of acetic acid exports shrank rapidly to $X in 2022. Overall, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 185%. The exports peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

The United States (X tons), Singapore (X tons) and Iceland (X tons) were the main destinations of salts of acetic acid exports from Sweden, with a combined 61% share of total exports. South Korea, the UK, Japan, Norway, Belgium, China, Switzerland, Denmark, Finland and France lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +79.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Singapore ($X) and Norway ($X) appeared to be the largest markets for salts of acetic acid exported from Sweden worldwide, with a combined 57% share of total exports. Iceland, South Korea, the UK, Finland, Denmark, Japan, Belgium, China, Switzerland and France lagged somewhat behind, together accounting for a further 34%.

South Korea, with a CAGR of +69.9%, saw the highest rates of growth with regard to the value of exports, in terms of 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 salts of acetic acid export price stood at $X per ton in 2022, increasing by 3.6% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 78%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Iceland ($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 Switzerland (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Salts Of Acetic Acid

Imports into Sweden

In 2022, the amount of salts of acetic acid imported into Sweden expanded rapidly to X tons, growing by 6.5% against the year before. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 296%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, salts of acetic acid imports soared to $X in 2022. Overall, imports posted a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by 114%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The UK (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of salts of acetic acid imports to Sweden, together comprising 71% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +58.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the UK ($X) were the largest salts of acetic acid suppliers to Sweden, together comprising 84% of total imports.

The UK, with a CAGR of +56.4%, recorded the highest rates of growth with regard to 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 salts of acetic acid import price amounted to $X per ton, picking up by 12% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salts of acetic acid import price increased by +39.7% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 120%. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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