
Sweden - Resinoids - Market Analysis, Forecast, Size, Trends and Insights
Sweden: Resinoids Market 2022
Resinoids Market Size in Sweden
After seven years of decline, the Swedish resinoids market increased by 24% to $X in 2021. In general, consumption, however, continues to indicate a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.
Resinoids Production in Sweden
In value terms, resinoids production surged to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2013 when the production volume increased by 43% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.
Resinoids Exports
Exports from Sweden
In 2021, approx. X kg of resinoids were exported from Sweden; with a decrease of -13.2% on the previous year's figure. Overall, exports faced a precipitous contraction. The pace of growth was the most pronounced in 2016 when exports increased by 998%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
In value terms, resinoids exports rose sharply to $X in 2021. Over the period under review, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2016 when exports increased by 375% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Norway (X kg) was the main destination for resinoids exports from Sweden, with a 86% share of total exports. Moreover, resinoids exports to Norway exceeded the volume sent to the second major destination, the UK (X kg), sevenfold.
From 2012 to 2021, the average annual rate of growth in terms of volume to Norway totaled -20.9%.
In value terms, Norway ($X) and the UK ($X) were the largest markets for resinoids exported from Sweden worldwide.
Norway, with a CAGR of -19.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.
Export Prices by Country
The average resinoids export price stood at $X per ton in 2021, growing by 29% against the previous year. Overall, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of 184% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.
Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Norway amounted to $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+267.6%), while the prices for the other major destinations experienced more modest paces of growth.
Resinoids Imports
Imports into Sweden
In 2021, imports of resinoids into Sweden surged to X tons, growing by 221% compared with 2020 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 249%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.
In value terms, resinoids imports soared to $X in 2021. Overall, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 188%. Imports peaked in 2021 and are likely to see steady growth in years to come.
Imports by Country
South Korea (X tons), the Netherlands (X tons) and the UK (X kg) were the main suppliers of resinoids imports to Sweden, with a combined 80% share of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +125.2%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Germany ($X), South Korea ($X) and the UK ($X) appeared to be the largest resinoids suppliers to Sweden, with a combined 91% share of total imports.
South Korea, with a CAGR of +138.8%, 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
The average resinoids import price stood at $X per ton in 2021, declining by -24.2% against the previous year. Over the period under review, the import price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of 200% against the previous year. The import price peaked at $X per ton in 2020, and then fell dramatically in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the resinoids market in Sweden. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Recommended reports
This report provides an in-depth analysis of the resinoids market in Asia.
This report provides an in-depth analysis of the global resinoids market.
This report provides an in-depth analysis of the resinoids market in the EU.
This report provides an in-depth analysis of the resinoids market in the U.S..
This report provides an in-depth analysis of the resinoids market in China.
Join our live webinar to get insights into the global biomass market.
Thursday, October 14th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global anhydrous ammonia market.
Tuesday, June 15th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global biodiesel market.
Thursday, June 10th, 2021 @ 04:00 pm ET