Sweden: Zinc Market 2024

Zinc Market Size in Sweden

In 2021, the Swedish zinc market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Zinc consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Zinc Production in Sweden

In value terms, zinc production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 65% against the previous year. Zinc production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Zinc Exports

Exports from Sweden

In 2021, shipments abroad of zinc decreased by -90.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2020 when exports increased by 1,685% against the previous year. As a result, the exports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, zinc exports contracted dramatically to $X in 2021. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by 755%. As a result, the exports attained the peak of $X, and then contracted notably in the following year.

Exports by Country

Norway (X tons) was the main destination for zinc exports from Sweden, accounting for a 59% share of total exports. Moreover, zinc exports to Norway exceeded the volume sent to the second major destination, Finland (X tons), twofold. Belgium (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway stood at -16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+49.1% per year) and Belgium (+4.8% per year).

In value terms, Norway ($X), Belgium ($X) and Finland ($X) appeared to be the largest markets for zinc exported from Sweden worldwide, together accounting for 95% of total exports.

Among the main countries of destination, Finland, with a CAGR of +50.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average zinc export price amounted to $X per ton, rising by 90% against the previous year. Overall, the export price showed buoyant growth. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports

Imports into Sweden

In 2021, approx. X tons of zinc were imported into Sweden; picking up by 7.7% on 2020 figures. Over the period under review, imports, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 8.5%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, zinc imports skyrocketed to $X in 2021. In general, imports saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Norway (X tons), Belgium (X tons) and Finland (X tons) were the main suppliers of zinc imports to Sweden, together comprising 93% of total imports. Austria and the Netherlands lagged somewhat behind, together accounting for a further 4.6%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +74.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Norway ($X), Belgium ($X) and Finland ($X) constituted the largest zinc suppliers to Sweden, together comprising 93% of total imports. These countries were followed by Austria and the Netherlands, which together accounted for a further 4.7%.

The Netherlands, with a CAGR of +79.9%, saw the highest growth rate of 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 zinc import price stood at $X per ton in 2021, with an increase of 25% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average import price increased by 41%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Austria ($X per ton) and Norway ($X per ton), while the price for Belgium ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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