Sweden: Mineral Wool Market 2024

Mineral Wool Market Size in Sweden

The Swedish mineral wool market surged to $X in 2021, picking up by 29% against the previous year. Overall, consumption enjoyed a buoyant expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Mineral Wool Production in Sweden

In value terms, mineral wool production soared to $X in 2021 estimated in export price. In general, production continues to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 645%. Mineral wool production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Mineral Wool Exports

Exports from Sweden

Mineral wool exports from Sweden fell to X tons in 2021, which is down by -2.1% against 2020 figures. The total export volume increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 29% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, mineral wool exports rose markedly to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 19% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for mineral wool exports from Sweden, with a 59% share of total exports. Moreover, mineral wool exports to Norway exceeded the volume sent to the second major destination, Denmark (X tons), twofold. Finland (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, 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 (-0.4% per year) and Finland (+20.1% per year).

In value terms, Norway ($X) remains the key foreign market for slag wool, rock wool and similar mineral wools and mixtures exports from Sweden, comprising 56% of total exports. The second position in the ranking was held by Denmark ($X), with a 19% share of total exports. It was followed by Finland, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+0.2% per year) and Finland (+8.2% per year).

Export Prices by Country

The average mineral wool export price stood at $X per ton in 2021, increasing by 9.8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Denmark ($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 Denmark (+0.6%), while the prices for the other major destinations experienced a decline.

Mineral Wool Imports

Imports into Sweden

In 2021, supplies from abroad of slag wool, rock wool and similar mineral wools and mixtures was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mineral wool imports surged to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Norway (X tons), Denmark (X tons) and Poland (X tons) were the main suppliers of mineral wool imports to Sweden, with a combined 89% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +9.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Norway ($X) and Poland ($X) appeared to be the largest mineral wool suppliers to Sweden, with a combined 83% share of total imports.

Denmark, with a CAGR of +6.1%, saw the highest growth rate of 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

In 2021, the average mineral wool import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a pronounced decline. The most prominent rate of growth was recorded in 2013 an increase of 5.1%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :