Sweden: Synthetic Rubber Market 2024

Synthetic Rubber Market Size in Sweden

In 2023, after two years of growth, there was significant decline in the Swedish synthetic rubber market, when its value decreased by X% to $X. Overall, consumption saw a pronounced setback. Synthetic rubber consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Synthetic Rubber Production in Sweden

In value terms, synthetic rubber production dropped modestly to $X in 2023 estimated in export price. In general, production, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Synthetic rubber production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Synthetic Rubber Exports

Exports from Sweden

In 2023, approx. X tons of synthetic rubber were exported from Sweden; waning by X% compared with the previous year. Over the period under review, exports, however, enjoyed a mild expansion. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, synthetic rubber exports contracted dramatically to $X in 2023. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Finland (X tons), Norway (X tons) and Denmark (X tons) were the main destinations of synthetic rubber exports from Sweden, together accounting for X% of total exports. India, China, the Czech Republic, Lithuania, Estonia, the United States, Ukraine, Germany and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Norway ($X) and Denmark ($X) constituted the largest markets for synthetic rubber exported from Sweden worldwide, with a combined X% share of total exports. Estonia, the United States, India, the Czech Republic, China, Lithuania, Germany, Ukraine and Italy lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, India, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average synthetic rubber export price stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the export price, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Rubber Imports

Imports into Sweden

In 2023, synthetic rubber imports into Sweden reduced to X tons, with a decrease of X% compared with 2022 figures. Over the period under review, imports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, synthetic rubber imports shrank to $X in 2023. Overall, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Finland (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of synthetic rubber imports to Sweden, together comprising X% of total imports. Germany, Denmark, France, Spain and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic rubber suppliers to Sweden were the Netherlands ($X), Belgium ($X) and France ($X), with a combined X% share of total imports.

France, with a CAGR of X%, saw 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

In 2023, the average synthetic rubber import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2022, and then shrank in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform