Sweden: Tall Oil Market 2024

Tall Oil Market Size in Sweden

The Swedish tall oil market reduced slightly to $X in 2021, dropping by -2.2% against the previous year. Over the period under review, consumption recorded a abrupt decline. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Tall Oil Production in Sweden

In value terms, tall oil production rose slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 30% against the previous year. Tall oil production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Tall Oil Exports

Exports from Sweden

Tall oil exports from Sweden fell slightly to X tons in 2021, almost unchanged from 2020 figures. In general, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 349% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, tall oil exports surged to $X in 2021. Overall, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 104% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Finland (X tons) was the main destination for tall oil exports from Sweden, with a 87% share of total exports. Moreover, tall oil exports to Finland exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. Switzerland (X tons) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume to Finland totaled +24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-8.3% per year) and Switzerland (-2.7% per year).

In value terms, Finland ($X) remains the key foreign market for tall oil exports from Sweden, comprising 72% of total exports. The second position in the ranking was held by Germany ($X), with an 8.5% share of total exports. It was followed by Switzerland, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to Finland stood at +27.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-7.5% per year) and Switzerland (-1.8% per year).

Export Prices by Country

In 2021, the average tall oil export price amounted to $X per ton, with an increase of 25% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 52%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Finland ($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 Finland (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Tall Oil Imports

Imports into Sweden

In 2021, overseas purchases of tall oil decreased by -12.1% to X tons, falling for the fourth consecutive year after two years of growth. In general, imports faced a sharp descent. The pace of growth was the most pronounced in 2016 with an increase of 80%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, tall oil imports soared to $X in 2021. Overall, imports faced a abrupt shrinkage. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Finland (X tons) constituted the largest supplier of tall oil to Sweden, with a 89% share of total imports. Moreover, tall oil imports from Finland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Finland amounted to -23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-14.3% per year) and the United States (-71.8% per year).

In value terms, Finland ($X) constituted the largest supplier of tall oil to Sweden, comprising 90% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 9.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Finland totaled -16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-8.4% per year) and the United States (-71.2% per year).

Import Prices by Country

The average tall oil import price stood at $X per ton in 2021, surging by 140% against the previous year. Overall, the import price continues to indicate strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for the United States ($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 (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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