Scandinavia: Carbon Dioxide Market 2024

Carbon Dioxide Market Size in Scandinavia

After three years of growth, the Scandinavia carbon dioxide market decreased by X% to $X in 2022. Overall, consumption continues to indicate a perceptible decline. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Carbon Dioxide Production in Scandinavia

In value terms, carbon dioxide production reached $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Carbon Dioxide Exports

Exports in Scandinavia

In 2022, after two years of decline, there was significant growth in overseas shipments of carbon dioxide, when their volume increased by X% to X tons. Total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, carbon dioxide exports declined to $X in 2022. In general, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell in the following year.

Exports by Country

In 2022, Norway (X tons) represented the key exporter of carbon dioxide, making up X% of total exports. It was distantly followed by Sweden (X tons), making up an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to carbon dioxide exports from Norway stood at X%. At the same time, Sweden (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. Norway (X p.p.) and Sweden (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) and Norway ($X) constituted the countries with the highest levels of exports in 2022.

Among the main exporting countries, Sweden, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price, however, saw temperate growth. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2021, and then shrank dramatically in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Carbon Dioxide Imports

Imports in Scandinavia

After two years of growth, overseas purchases of carbon dioxide decreased by X% to X tons in 2022. In general, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined dramatically in the following year.

In value terms, carbon dioxide imports contracted markedly to $X in 2022. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then fell dramatically in the following year.

Imports by Country

Sweden was the largest importer of carbon dioxide in Scandinavia, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Norway (X tons) ranks second in terms of the total imports with a X% share, followed by Finland (X%).

Imports into Sweden increased at an average annual rate of X% from 2012 to 2022. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Sweden and Finland increased by X and X percentage points, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported carbon dioxide in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports.

In Sweden, carbon dioxide imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Norway (X% per year) and Finland (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, declining by X% against the previous year. Import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbon dioxide import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform