Scandinavia: Market for Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates) 2024

Market Size for Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates) in Scandinavia

In 2023, the Scandinavia market for salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) was finally on the rise to reach $X after three years of decline. In general, consumption, however, continues to indicate a pronounced decrease. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.

Production of Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates) in Scandinavia

In value terms, production of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) stood at $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2023, production of growth remained at a lower figure.

Exports of Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates)

Exports in Scandinavia

In 2023, overseas shipments of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, exports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) dropped rapidly to $X in 2023. In general, exports, however, saw slight growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then fell markedly in the following year.

Exports by Country

The shipments of the one major exporters of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates), namely Sweden, represented more than two-thirds of total export.

Sweden was also the fastest-growing in terms of the salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of Sweden increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest salts of inorganic acids or peroxoacids supplier in Scandinavia.

In Sweden, exports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per ton, shrinking by X% against the previous year. In general, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2023, the rate of growth in terms of prices for Sweden amounted to X% per year.

Imports of Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates)

Imports in Scandinavia

In 2023, supplies from abroad of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) was finally on the rise to reach X tons after two years of decline. In general, imports, however, continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports of attained the peak figure at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, imports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) declined to $X in 2023. Over the period under review, imports, however, saw a slight reduction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2023, imports remained at a lower figure.

Imports by Country

Sweden (X tons) and Norway (X tons) represented the major importers of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) in 2023, resulting at near X% and X% of total imports, respectively. It was distantly followed by Finland (X tons), comprising a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Norway (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2023.

Among the main importing countries, Norway, 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 a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2023, with a decrease of X% against the previous year. Import price indicated a moderate increase from 2012 to 2023: its price 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. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then declined significantly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform