Non-refractory mortars and concretes market in Sweden

Earlier Report Observations

Between 2018 and 2024, the Swedish market for non-refractory mortars and concretes experienced notable fluctuations in volume. Starting at 8,114 thousand tonnes in 2018, consumption dipped to 7,688 thousand tonnes in 2020 before surging to a peak of 8,815 thousand tonnes in 2021. Following this high, the market gradually contracted over the next three years, falling to 7,460 thousand tonnes by 2024.

The sharp decline in market volume to 7,460 thousand tonnes in 2024 was primarily driven by a broader downturn in Sweden's construction materials trade. High unemployment, reduced household purchasing power, and caution among both consumers and businesses regarding large investments led to decreased sales. Additionally, continued reductions in housing construction and low turnover in the existing housing stock negatively impacted renovation activity, further reducing demand for mortars and concretes.

In value terms, the market mirrored this physical contraction, dropping from $858.6 million in 2021 to $678.5 million in 2024. The introduction of the EU's Corporate Sustainability Reporting Directive (CSRD) also began influencing the construction sector, potentially affecting material selection and reporting requirements.

Production non-refractory mortars and concretes in Sweden

In value, 2017-2020, M $ US

In 2020, Sweden's output of non-refractory mortars and concretes was valued at 692.6 million US dollars, marking a 3.1% increase from the previous year. Looking at the period from 2017 to 2020, production decreased by 8.1%, which translates to an annualized decline of 2.8%.

Annual dynamics of production in Sweden in value, 2017-2020, M $ US

In kind, 2017-2020, K t

In 2020, Sweden produced 7 670 thousand tonnes of non-refractory mortars and concretes, showing a significant gain of 11.6% compared to 2019. Over the 2017-2020 period, production increased by 5.7%, equating to an annualized growth rate of 1.9%.

Annual dynamics of production in Sweden in kind, 2017-2020, K t

Exports non-refractory mortars and concretes from Sweden

Exports in kind, t

Sweden's exports of non-refractory mortars and concretes declined for the third consecutive year. In 2020, the country exported 23 021 tonnes, reflecting a gradual decline of 8.1% from the previous year. Between 2017 and 2020, exports decreased by 43.7%, with an annualized rate of decline of 17.4%.

Annual dynamics of product's exports from Sweden in kind, 2017-2020, t

From 2017 to 2020, Norway accounted for 71.6% of Sweden's total exports in kind, while the remaining flows were distributed among a broad group of smaller countries.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Sweden in kind, 2017-2020

Exports in value, K $ US

Sweden's cross-border shipments of non-refractory mortars and concretes declined for the third consecutive year. In 2020, exports amounted to 5 103 thousand US dollars, showing a measured decline of 4.2% year-over-year. Over the 2017-2020 period, exports decreased by 25.3%, with a compound annual growth rate (CAGR) of -9.3%.

Annual dynamics of product's exports from Sweden in value, 2017-2020, K $ US

From 2017 to 2020, Norway (61.5% of exports in value terms), Denmark (18.3%), and Finland (8.7%) continued to lead as the top buyers of non-refractory mortars and concretes from Sweden, jointly accounting for 88.5% of total exports in value terms.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Sweden in value, 2017-2020

Imports non-refractory mortars and concretes to Sweden

Imports in kind, t

In 2020, Sweden imported a total of non-refractory mortars and concretes, which was 14.8% lower compared to 2019. Between 2017 and 2020, imports decreased by 15.2%, equating to an annualized decline of 5.3%. The largest increase was recorded in 2019 at 8.0%.

Annual dynamics of product's imports to Sweden in kind, 2017-2020, t

Over the 2017-2020 period, Norway (49.7% of imports in kind), Germany (22.6%), and Denmark (16.9%) were the main suppliers of non-refractory mortars and concretes to Sweden, together comprising 89.2% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Sweden in kind, 2017-2020

Imports in value, K $ US

In 2020, Sweden imported non-refractory mortars and concretes valued at a total, marking a slight advance of 2.6% from the previous year. Over the 2017-2020 period, imports decreased by 7.4%, with a compound annual growth rate (CAGR) of -2.5%. The minimum value was recorded in 2019 at 19 100 thousand US dollars, while the maximum was in 2018 at 23 145 thousand US dollars. The largest decline occurred in 2019 at 17.5%, and the largest increase was in 2018 at 9.4%.

Annual dynamics of product's imports to Sweden in value, 2017-2020, K $ US

From 2017 to 2020, Norway (37.4% of imports in value terms), Germany (29.6%), and Denmark (20.8%) formed the main cluster of markets for Sweden's imports in value terms, with a combined share of 87.8% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Sweden in value, 2017-2020