Sweden: Carbonate Market 2024

Carbonate Market Size in Sweden

For the third consecutive year, the Swedish carbonate market recorded growth in sales value, which increased by X% to $X in 2023. Overall, consumption enjoyed a remarkable increase. Carbonate consumption peaked in 2023 and is likely to see gradual growth in the immediate term.

Carbonate Production in Sweden

In value terms, carbonate production rose sharply to $X in 2023 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Carbonate Exports

Exports from Sweden

In 2023, approx. X tons of carbonates and peroxocarbonates were exported from Sweden; remaining constant against 2022 figures. Overall, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, carbonate exports fell to $X in 2023. In general, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Finland (X tons) was the main destination for carbonate exports from Sweden, accounting for a X% share of total exports. It was followed by Denmark (X tons), with a X% share of total exports. Norway (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Finland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Norway (X% per year).

In value terms, Finland ($X) remains the key foreign market for carbonates and peroxocarbonates exports from Sweden, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Finland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and the United States (X% per year).

Export Prices by Country

The average carbonate export price stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carbonate Imports

Imports into Sweden

In 2023, supplies from abroad of carbonates and peroxocarbonates decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a deep reduction. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, carbonate imports expanded slightly to $X in 2023. In general, imports recorded a noticeable descent. The most prominent rate of growth was recorded in 2022 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Norway (X tons) constituted the largest carbonate supplier to Sweden, accounting for a X% share of total imports. Moreover, carbonate imports from Norway exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. Finland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Norway amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Finland (X% per year).

In value terms, the largest carbonate suppliers to Sweden were Finland ($X), Norway ($X) and Belgium ($X), with a combined X% share of total imports.

In terms of the main suppliers, Finland, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average carbonate import price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform