In 2023, the value of Sweden's sulphuric acid and oleum imports stood at 1.9215 million USD. Over the previous two years, there was a slight decline in import value, with a year-on-year variation of -0.94% in 2022 and -0.93% in 2023. The average annual change over the last five years shows minimal fluctuation, maintaining a negligible CAGR of 0.089%.
Looking back further, fluctuations were more pronounced. A peak in import value was observed in 2013, followed by a significant decrease of 43.97% in 2014. Subsequent years saw mixed trends, with some years experiencing moderate increases and others notable declines. The general trend from 2013 until now has been a decline in import values, with the largest drops occurring in 2014 and 2020.
Future trends indicate a continued slight decline in average annual import values, with the forecast for 2028 showing a value of 1.8271 million USD. The expected average annual decrease is modest, with a forecasted 5-year CAGR of -0.8%, indicating a gradual reduction in imports over the forecasted period.
Future trends to watch for include:
- Changes in domestic production or regulations affecting sulphuric acid and oleum imports.
- Economic shifts within Sweden and main trading partners that may impact industrial demand.
- Technological advancements or alternative materials that could reduce reliance on these imports.
