Sweden: Sulphites Market 2024

Sulphites Market Size in Sweden

The Swedish sulphites market soared to $X in 2022, growing by 23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed strong growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Sulphites Exports

Exports from Sweden

In 2022, overseas shipments of sulphites increased by 7.4% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 218%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sulphites exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 137%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for sulphites exports from Sweden, with a 87% share of total exports. Moreover, sulphites exports to Norway exceeded the volume sent to the second major destination, Denmark (X tons), more than tenfold. Finland (X tons) ranked third in terms of total exports with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway totaled -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+7.8% per year) and Finland (-3.7% per year).

In value terms, Norway ($X) remains the key foreign market for sulphites exports from Sweden, comprising 80% of total exports. The second position in the ranking was taken by Denmark ($X), with a 9.3% share of total exports. It was followed by Finland, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+1.8% per year) and Finland (-0.4% per year).

Export Prices by Country

The average sulphites export price stood at $X per ton in 2022, growing by 30% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites export price increased by +112.5% against 2015 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Norway ($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 Norway (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Sulphites Imports

Imports into Sweden

Sulphites imports into Sweden rose significantly to X tons in 2022, picking up by 13% on 2021. Overall, imports showed strong growth. The pace of growth was the most pronounced in 2020 when imports increased by 72% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sulphites imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 39% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Finland (X tons) constituted the largest supplier of sulphites to Sweden, accounting for a 69% share of total imports. Moreover, sulphites imports from Finland exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Finland totaled +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.3% per year) and the Czech Republic (+70.8% per year).

In value terms, Finland ($X), the Czech Republic ($X) and Germany ($X) constituted the largest sulphites suppliers to Sweden, together comprising 97% of total imports.

The Czech Republic, with a CAGR of +68.8%, 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 2022, the average sulphites import price amounted to $X per ton, jumping by 20% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites import price increased by +112.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 77% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 the Czech Republic ($X per ton), while the price for Finland ($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 (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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