Sweden: Phosphoric Acid Market 2022

Phosphoric Acid Market Size in Sweden

The Swedish phosphoric acid market soared to $X in 2021, jumping by 34% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a dramatic contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Phosphoric Acid Exports

Exports from Sweden

In 2021, shipments abroad of phosphoric acid and polyphosphoric acids decreased by -36% to X tons, falling for the sixth year in a row after two years of growth. In general, exports saw a deep setback. The growth pace was the most rapid in 2015 when exports increased by 8.2% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, phosphoric acid exports reduced to $X in 2021. Overall, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 16%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for phosphoric acid exports from Sweden, accounting for a 68% share of total exports. Moreover, phosphoric acid exports to Norway exceeded the volume sent to the second major destination, Finland (X tons), threefold. France (X tons) ranked third in terms of total exports with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume to Norway amounted to -13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+36.6% per year) and France (+134.8% per year).

In value terms, Norway ($X) remains the key foreign market for phosphoric acid exports from Sweden, comprising 72% of total exports. The second position in the ranking was taken by Finland ($X), with a 19% share of total exports. It was followed by France, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to Norway totaled -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+24.2% per year) and France (+78.5% per year).

Export Prices by Country

In 2021, the average phosphoric acid export price amounted to $X per ton, picking up by 44% against the previous year. In general, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of 65% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were Norway ($X per ton) and Germany ($X per ton), while the average price for exports to France ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphoric Acid Imports

Imports into Sweden

In 2021, phosphoric acid imports into Sweden rose notably to X tons, picking up by 8.4% on the previous year's figure. Over the period under review, imports, however, continue to indicate a sharp decline. The growth pace was the most rapid in 2019 with an increase of 990% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, phosphoric acid imports soared to $X in 2021. Overall, imports, however, continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 413%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons), Serbia (X tons) and Finland (X tons) were the main suppliers of phosphoric acid imports to Sweden, together accounting for 52% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +89.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest phosphoric acid suppliers to Sweden were the Czech Republic ($X), the Netherlands ($X) and Denmark ($X), together comprising 57% of total imports. Serbia, Finland, Poland and Belgium lagged somewhat behind, together comprising a further 36%.

In terms of the main suppliers, Serbia, with a CAGR of +96.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average phosphoric acid import price amounted to $X per ton, surging by 24% against the previous year. In general, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 61%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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