Sweden: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in Sweden

The Swedish sulphuric acid market dropped remarkably to $X in 2022, waning by -93.4% against the previous year. Overall, consumption faced a precipitous descent. Sulphuric acid consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Sulphuric Acid Production in Sweden

In value terms, sulphuric acid production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild decline. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sulphuric Acid Exports

Exports from Sweden

In 2022, approx. X tons of sulphuric acid and oleum were exported from Sweden; picking up by 40% on the previous year's figure. Overall, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphuric acid exports soared to $X in 2022. In general, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for sulphuric acid exports from Sweden, with a 43% share of total exports. Moreover, sulphuric acid exports to the United States exceeded the volume sent to the second major destination, Norway (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+2.2% per year) and the UK (+14.2% per year).

In value terms, the largest markets for sulphuric acid exported from Sweden were the UK ($X), Norway ($X) and the United States ($X), with a combined 63% share of total exports. Finland, Canada and Namibia lagged somewhat behind, together comprising a further 33%.

Canada, with a CAGR of +276.7%, saw the highest growth rate of 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 sulphuric acid export price stood at $X per ton in 2022, rising by 21% against the previous year. Overall, the export price posted notable growth. The growth pace was the most rapid in 2018 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to the United States ($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 Canada (+105.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphuric Acid Imports

Imports into Sweden

In 2022, supplies from abroad of sulphuric acid and oleum decreased by -30.6% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2016 when imports increased by 105%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, sulphuric acid imports surged to $X in 2022. Overall, imports saw a mild shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 41% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Finland (X tons) was the main supplier of sulphuric acid to Sweden, with a 91% share of total imports. Moreover, sulphuric acid imports from Finland exceeded the figures recorded by the second-largest supplier, Denmark (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 3% share.

From 2012 to 2022, the average annual growth rate of volume from Finland amounted to -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+11.3% per year) and Germany (-6.0% per year).

In value terms, Finland ($X) constituted the largest supplier of sulphuric acid and oleum to Sweden, comprising 73% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Denmark, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from Finland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.5% per year) and Denmark (+5.5% per year).

Import Prices by Country

In 2022, the average sulphuric acid import price amounted to $X per ton, rising by 72% against the previous year. In general, the import price enjoyed a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the price for Norway ($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 (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :