Sweden: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Sweden

In 2021, the Swedish silicon dioxide market decreased by -36.7% to $X, falling for the second consecutive year after two years of growth. In general, consumption recorded a slight curtailment. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Silicon Dioxide Production in Sweden

In value terms, silicon dioxide production shrank significantly to $X in 2021 estimated in export price. In general, production continues to indicate a precipitous decrease. The pace of growth was the most pronounced in 2014 with an increase of 84%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Silicon Dioxide Exports

Exports from Sweden

In 2021, after two years of growth, there was significant decline in shipments abroad of silicon dioxide, when their volume decreased by -14.6% to X tons. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 52%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, silicon dioxide exports fell rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 44%. The exports peaked at $X in 2020, and then contracted rapidly in the following year.

Exports by Country

Finland (X tons), Poland (X tons) and Morocco (X tons) were the main destinations of silicon dioxide exports from Sweden, together comprising 66% of total exports. These countries were followed by the United States, Denmark, Japan, Singapore, Germany and Belgium, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +130.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for silicon dioxide exports from Sweden, comprising 34% of total exports. The second position in the ranking was held by Denmark ($X), with an 11% share of total exports. It was followed by Poland, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+2.2% per year) and Poland (+44.0% per year).

Export Prices by Country

In 2021, the average silicon dioxide export price amounted to $X per ton, dropping by -20.9% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silicon dioxide export price decreased by -7.1% against 2017 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 42% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Morocco ($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 Belgium (+36.3%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Dioxide Imports

Imports into Sweden

After two years of growth, overseas purchases of silicon dioxide decreased by less than 0.1% to X tons in 2021. Overall, imports showed a slight reduction. The growth pace was the most rapid in 2015 with an increase of 13% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, silicon dioxide imports stood at $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 9.5% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Norway (X tons) constituted the largest supplier of silicon dioxide to Sweden, with a 62% share of total imports. Moreover, silicon dioxide imports from Norway exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Norway totaled -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+3.2% per year) and Germany (-1.6% per year).

In value terms, Germany ($X), Norway ($X) and the UK ($X) constituted the largest silicon dioxide suppliers to Sweden, together accounting for 70% of total imports. These countries were followed by Denmark, Japan and India, which together accounted for a further 17%.

India, with a CAGR of +32.2%, saw the highest rates of growth with regard to the value of imports, in terms of 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 silicon dioxide import price stood at $X per ton in 2021, surging by 7.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2016 when the average import price increased by 34%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :