Report Update: May 6, 2024

Sweden - Petroleum Bitumen - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Petroleum Bitumen Price in Sweden - 2023

Petroleum Bitumen Price in Sweden (FOB) - 2023

In August 2023, the average petroleum bitumen export price amounted to $584 per ton, picking up by 6% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 37% month-to-month. As a result, the export price reached the peak level of $607 per ton. From February 2023 to August 2023, the the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In August 2023, the highest price was recorded for prices to Estonia ($637 per ton) and Denmark ($591 per ton), while the average price for exports to Finland ($556 per ton) and Norway ($569 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+0.2%), while the prices for the other major destinations experienced more modest paces of growth.

Petroleum Bitumen Price in Sweden (CIF) - 2023

In July 2023, the average petroleum bitumen import price amounted to $359 per ton, dropping by -25.4% against the previous month. Overall, the import price saw a perceptible decrease. The pace of growth appeared the most rapid in March 2023 an increase of 81% against the previous month. Over the period under review, average import prices reached the peak figure at $614 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Lithuania ($3,635 per ton), while the price for Poland ($224 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+18.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Petroleum Bitumen Exports in Sweden

In 2022, overseas shipments of petroleum bitumen decreased by -28.9% to 292K tons, falling for the second year in a row after two years of growth. Overall, exports faced a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 4.4% against the previous year. As a result, the exports reached the peak of 494K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, petroleum bitumen exports reduced slightly to $176M in 2022. Over the period under review, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year.

Export of Petroleum Bitumen in Sweden (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Finland	6.0	22.5	41.7	51.2	104.3%
Norway	99.9	75.0	81.2	43.4	-24.3%
United Kingdom	16.8	7.0	15.2	34.0	26.5%
Denmark	37.4	18.7	15.0	32.7	-4.4%
Estonia	21.5	13.3	23.3	14.7	-11.9%
Poland	8.8	1.4	1.0	0.3	-67.6%
Iceland	3.2	17.2	N/A	N/A	437.5%
Others	2.6	0.8	1.1	N/A	-35.0%
Total	196	156	178	176	-3.5%

Top Export Markets for Petroleum Bitumen from Sweden in 2022:

Finland (79.9K tons)
Norway (67.3K tons)
United Kingdom (66.3K tons)
Denmark (55.7K tons)
Estonia (22.1K tons)
Poland (0.6K tons)

Petroleum Bitumen Imports in Sweden

In 2022, the amount of petroleum bitumen imported into Sweden expanded significantly to 319K tons, increasing by 14% on 2021 figures. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 42%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, petroleum bitumen imports surged to $194M in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 109% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Import of Petroleum Bitumen in Sweden (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	43.4	29.3	75.3	78.2	21.7%
Netherlands	0.4	0.1	N/A	21.3	276.2%
Russia	N/A	2.1	33.6	20.8	214.7%
Finland	5.5	20.0	6.3	14.7	38.8%
Estonia	N/A	N/A	1.4	13.9	892.9%
France	3.0	0.8	N/A	11.2	55.1%
Lithuania	3.4	3.3	5.1	5.9	20.2%
Others	0.3	3.8	2.3	28.4	355.8%
Total	56.0	59.4	124	194	51.3%

Top Suppliers of Petroleum Bitumen to Sweden in 2022:

Germany (127.9K tons)
Russia (36.2K tons)
Netherlands (34.3K tons)
Estonia (27.5K tons)
Finland (20.6K tons)
France (20.3K tons)
Lithuania (10.8K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the petroleum bitumen market in Sweden. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Sweden

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sweden
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023