Sweden: Carbon Dioxide Market 2024

Carbon Dioxide Market Size in Sweden

In 2022, the Swedish carbon dioxide market decreased by X% to $X for the first time since 2013, thus ending a eight-year rising trend. Over the period under review, consumption, however, saw a measured increase. Over the period under review, the market hit record highs at $X in 2021, and then contracted markedly in the following year.

Carbon Dioxide Exports

Exports from Sweden

In 2022, shipments abroad of carbon dioxide decreased by X% to X tons, falling for the second year in a row after six years of growth. Over the period under review, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, carbon dioxide exports shrank notably to $X in 2022. Overall, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

Norway (X tons) was the main destination for carbon dioxide exports from Sweden, accounting for a X% share of total exports. Moreover, carbon dioxide exports to Norway exceeded the volume sent to the second major destination, Iceland (X tons), sixfold. Estonia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (X% per year) and Estonia (X% per year).

In value terms, Estonia ($X), Norway ($X) and Denmark ($X) appeared to be the largest markets for carbon dioxide exported from Sweden worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Estonia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average carbon dioxide export price amounted to $X per ton, which is down by X% against the previous year. In general, export price indicated a noticeable 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 export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Carbon Dioxide Imports

Imports into Sweden

In 2022, purchases abroad of carbon dioxide increased by X% to X tons, rising for the sixth consecutive year after four years of decline. In general, imports showed a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, carbon dioxide imports contracted markedly to $X in 2022. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then fell significantly in the following year.

Imports by Country

In 2022, Norway (X tons) constituted the largest carbon dioxide supplier to Sweden, accounting for a X% share of total imports. Moreover, carbon dioxide imports from Norway exceeded the figures recorded by the second-largest supplier, Denmark (X tons), threefold. The third position in this ranking was taken by Finland (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Norway stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Finland (X% per year).

In value terms, Estonia ($X) constituted the largest supplier of carbon dioxide to Sweden, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total imports. It was followed by Norway, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Estonia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Norway (X% per year).

Import Prices by Country

The average carbon dioxide import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced 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 dropped remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform