Sweden: Rare Gases Market 2024

Rare Gases Market Size in Sweden

In 2022, after three years of decline, there was significant growth in the Swedish rare gases market, when its value increased by X% to $X. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value 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. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Rare Gases Production in Sweden

In value terms, rare gases production amounted to $X in 2022 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2022: its value 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, production decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Rare Gases Exports

Exports from Sweden

For the third year in a row, Sweden recorded growth in shipments abroad of rare gases (excluding argon), which increased by X% to X cubic meters in 2022. Over the period under review, total exports indicated tangible growth from 2012 to 2022: its volume 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X cubic meters in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, rare gases exports fell to $X in 2022. Overall, total exports indicated a perceptible expansion from 2012 to 2022: its value 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, exports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X cubic meters) was the main destination for rare gases exports from Sweden, accounting for a X% share of total exports. Moreover, rare gases exports to Denmark exceeded the volume sent to the second major destination, Latvia (X cubic meters), more than tenfold. The third position in this ranking was taken by Norway (X cubic meters), with a X% share.

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

In value terms, Norway ($X) remains the key foreign market for rare gases (excluding argon) exports from Sweden, comprising X% of total exports. The second position in the ranking was taken by Denmark ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms 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 Finland (X% per year).

Export Prices by Country

The average rare gases export price stood at $X per cubic meter in 2022, falling by X% against the previous year. In general, export price indicated a slight expansion 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, rare gases export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Norway ($X per cubic meter), while the average price for exports to Denmark ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rare Gases Imports

Imports into Sweden

In 2022, approx. X cubic meters of rare gases (excluding argon) were imported into Sweden; increasing by X% against the previous year. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, rare gases imports expanded remarkably to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Denmark (X cubic meters) constituted the largest rare gases supplier to Sweden, with a X% share of total imports. Moreover, rare gases imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), twofold. The third position in this ranking was held by the Netherlands (X cubic meters), with a X% share.

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

In value terms, the largest rare gases suppliers to Sweden were Germany ($X), Denmark ($X) and France ($X), with a combined X% share of total imports. The Netherlands, Italy and China lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Italy, with a CAGR of X%, recorded 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

The average rare gases import price stood at $X per cubic meter in 2022, with a decrease of X% against the previous year. Overall, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 China ($X per cubic meter), while the price for Denmark ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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