Sweden: Cement Market 2024

Cement Market Size in Sweden

In 2023, after three years of growth, there was significant decline in the Swedish cement market, when its value decreased by X% to $X. In general, the total consumption indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Cement consumption peaked at $X in 2022, and then dropped in the following year.

Cement Production in Sweden

In value terms, cement production rose modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

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Cement Exports

Exports from Sweden

In 2023, shipments abroad of cement was finally on the rise to reach X tons after four years of decline. In general, exports, however, continue to indicate a deep setback. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, cement exports skyrocketed to $X in 2023. Overall, exports, however, saw a mild descent. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

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

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

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

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

Export Prices by Country

In 2022, the average cement export price amounted to $X per ton, growing by X% against the previous year. In general, export price indicated a strong 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, cement export price increased by X% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Estonia ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cement Imports

Imports into Sweden

In 2023, the amount of cement imported into Sweden dropped to X tons, waning by X% compared with the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2023, the growth of imports failed to regain momentum.

In value terms, cement imports surged to $X in 2023. In general, total imports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Latvia (X tons) constituted the largest cement supplier to Sweden, with a X% share of total imports. Moreover, cement imports from Latvia exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Norway (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest cement suppliers to Sweden were Latvia ($X), Denmark ($X) and France ($X), together comprising X% of total imports.

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

Import Prices by Country

The average cement import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price saw slight growth. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform