Sweden: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in Sweden

In 2021, the Swedish zinc ores and concentrates market decreased by -14.2% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, showed resilient growth. Zinc ores and concentrates consumption peaked at $X in 2020, and then dropped in the following year.

Production of Zinc Ores And Concentrates in Sweden

In value terms, zinc ores and concentrates production amounted to $X in 2021 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.0% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 45% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Zinc Ores And Concentrates

Exports from Sweden

In 2021, the amount of zinc ores and concentrates exported from Sweden amounted to X tons, with an increase of 2.4% against 2020. The total export volume increased at an average annual rate of +2.7% 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 2014 when exports increased by 24% 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 stood at a somewhat lower figure.

In value terms, zinc ores and concentrates exports skyrocketed to $X in 2021. Overall, exports enjoyed a remarkable increase. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X tons) was the main destination for zinc ores and concentrates exports from Sweden, accounting for a 45% share of total exports. Moreover, zinc ores and concentrates exports to Finland exceeded the volume sent to the second major destination, Norway (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Finland stood at +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+6.9% per year) and Germany (+12.6% per year).

In value terms, Finland ($X) remains the key foreign market for zinc ores and concentrates exports from Sweden, comprising 50% of total exports. The second position in the ranking was taken by Norway ($X), with a 21% share of total exports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Finland amounted to +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+13.9% per year) and Germany (+19.1% per year).

Export Prices by Country

The average zinc ores and concentrates export price stood at $X per ton in 2021, rising by 54% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Finland ($X per ton), while the average price for exports to Poland ($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 (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Zinc Ores And Concentrates

Imports into Sweden

In 2021, imports of zinc ores and concentrates into Sweden shrank markedly to X kg, with a decrease of -39% on the previous year's figure. Overall, imports faced a precipitous contraction. The smallest decline of -18.3% was in 2018. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, zinc ores and concentrates imports contracted significantly to $X in 2021. In general, imports recorded a sharp decrease. The pace of growth was the most pronounced in 2015 when imports increased by 15% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X kg) constituted the largest zinc ores and concentrates supplier to Sweden, with a 89% share of total imports. Moreover, zinc ores and concentrates imports from China exceeded the figures recorded by the second-largest supplier, the United States (X kg), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +19.2%.

In value terms, China ($X) constituted the largest supplier of zinc ores and concentrates to Sweden, comprising 90% of total imports. The second position in the ranking was taken by the United States ($X), with an 8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +46.8%.

Import Prices by Country

The average zinc ores and concentrates import price stood at $X per ton in 2021, surging by 11% against the previous year. Over the period under review, the import price enjoyed a significant expansion. The growth pace was the most rapid in 2019 an increase of 41% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+62.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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