Sweden: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in Sweden

The Swedish soap in different forms market rose notably to $X in 2021, picking up by 11% against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.0% against 2018 indices. 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 Soap In Different Forms in Sweden

In value terms, soap in different forms production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 51% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Soap In Different Forms

Exports from Sweden

Soap in different forms exports from Sweden fell to X tons in 2021, waning by -7.9% against 2020. The total export volume increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, soap in different forms exports contracted to $X in 2021. The total export value increased at an average annual rate of +2.0% 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 2020 when exports increased by 26% against the previous year. As a result, the exports attained the peak of $X, and then contracted modestly in the following year.

Exports by Country

Norway (X tons) was the main destination for soap in different forms exports from Sweden, accounting for a 32% share of total exports. Moreover, soap in different forms exports to Norway exceeded the volume sent to the second major destination, Finland (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway totaled +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+1.8% per year) and the Netherlands (+8.1% per year).

In value terms, Norway ($X) remains the key foreign market for soap in different forms exports from Sweden, comprising 35% of total exports. The second position in the ranking was held by Finland ($X), with a 15% share of total exports. It was followed by the Netherlands, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value to Norway amounted to +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+0.3% per year) and the Netherlands (+1.5% per year).

Export Prices by Country

In 2021, the average soap in different forms export price amounted to $X per ton, increasing by 4.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 7.1% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Russia ($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 Mexico (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soap In Different Forms

Imports into Sweden

Soap in different forms imports into Sweden shrank to X tons in 2021, waning by -12.8% against the previous year's figure. The total import volume increased at an average annual rate of +1.7% 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 2020 with an increase of 36%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, soap in different forms imports reduced to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of soap in different forms to Sweden, accounting for a 43% share of total imports. Moreover, soap in different forms imports from Poland exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. The third position in this ranking was held by Norway (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland amounted to +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-3.4% per year) and Norway (+48.6% per year).

In value terms, Poland ($X), Denmark ($X) and the Netherlands ($X) appeared to be the largest soap in different forms suppliers to Sweden, together accounting for 67% of total imports. Norway, Germany, Malaysia and Bulgaria lagged somewhat behind, together comprising a further 22%.

Norway, with a CAGR of +31.9%, 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 soap in different forms import price stood at $X per ton in 2021, increasing by 6.4% against the previous year. Overall, the import price, however, recorded a mild setback. The pace of growth was the most pronounced in 2013 when the average import price increased by 9.6% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat 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 Denmark ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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