Sweden: Biodiesel Market 2024

Biodiesel Market Size in Sweden

The Swedish biodiesel market was estimated at $X in 2023, picking up by X% against the previous year. Overall, consumption, however, posted a strong expansion. Biodiesel consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Biodiesel Production in Sweden

In value terms, biodiesel production rose sharply to $X in 2023 estimated in export price. In general, production showed a prominent increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Biodiesel production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Biodiesel Exports

Exports from Sweden

In 2023, shipments abroad of biodiesel increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, biodiesel exports skyrocketed to $X in 2023. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

Norway (X tons) was the main destination for biodiesel exports from Sweden, with a X% share of total exports. Moreover, biodiesel exports to Norway exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold. The third position in this ranking was taken by Denmark (X tons), with a X% share.

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

In value terms, Norway ($X) emerged as the key foreign market for biodiesel exports from Sweden, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

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

Export Prices by Country

The average biodiesel export price stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2022, and then dropped markedly in the following year.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and Denmark ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Norway ($X per ton) were amongst the lowest.

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

Biodiesel Imports

Imports into Sweden

In 2023, biodiesel imports into Sweden contracted slightly to X tons, leveling off at 2022. In general, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, biodiesel imports reduced sharply to $X in 2023. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then reduced markedly in the following year.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of biodiesel imports to Sweden, with a combined X% share of total imports. Latvia, Norway, Belgium, Denmark and Lithuania lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) appeared to be the largest biodiesel suppliers to Sweden, together comprising X% of total imports. Latvia, Norway, Belgium, Denmark and Lithuania lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average biodiesel import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2022, and then dropped notably in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Denmark ($X per ton) and France ($X per ton), while the price for Lithuania ($X per ton) and Norway ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform