Scandinavia: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Scandinavia

The Scandinavia market for inorganic oxygen compounds of non-metals totaled $X in 2023, growing by X% against the previous year. Over the period under review, consumption saw a prominent increase. The level of consumption peaked in 2023 and is likely to continue growth in the immediate term.

Production of Inorganic Oxygen Compounds Of Non-Metals in Scandinavia

In value terms, inorganic oxygen compounds of non-metals production totaled $X in 2023 estimated in export price. Overall, production, however, continues to indicate a strong expansion. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports in Scandinavia

In 2023, approx. X tons of inorganic oxygen compounds of non-metals were exported in Scandinavia; dropping by X% compared with the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, inorganic oxygen compounds of non-metals exports skyrocketed to $X in 2023. Overall, exports, however, recorded strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) represented roughly X% of total exports in 2023.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of inorganic oxygen compounds of non-metals. 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) also remains the largest inorganic oxygen compounds of non-metals supplier in Scandinavia.

In Sweden, inorganic oxygen compounds of non-metals exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the export price posted a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2023, the rate of growth in terms of prices for Sweden amounted to X% per year.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports in Scandinavia

In 2023, after two years of growth, there was decline in supplies from abroad of inorganic oxygen compounds of non-metals, when their volume decreased by X% to X tons. In general, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2022 with an increase of X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, inorganic oxygen compounds of non-metals imports rose markedly to $X in 2023. Over the period under review, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2022 with an increase of X%. The level of import peaked in 2023 and is likely to continue growth in years to come.

Imports by Country

Finland was the major importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Sweden (X tons), committing a X% share of total imports. Norway (X tons) held a little share of total imports.

Finland was also the fastest-growing in terms of the inorganic oxygen compounds of non-metals imports, with a CAGR of X% from 2012 to 2023. At the same time, Sweden (X%) displayed positive paces of growth. Norway experienced a relatively flat trend pattern. Finland (X p.p.) significantly strengthened its position in terms of the total imports, while Norway and Sweden saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported inorganic oxygen compounds of non-metals in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Finland ($X), with a X% share of total imports.

In Sweden, inorganic oxygen compounds of non-metals imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per ton, picking up by X% against the previous year. Overall, the import price posted a noticeable increase. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2023, the import prices remained at a somewhat lower figure.

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

From 2012 to 2023, 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