| Product Code: ETC4683969 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Sweden continued to rely on key suppliers for formic acid imports, with Finland, Germany, and Norway leading the pack. Despite a negative Compound Annual Growth Rate (CAGR) from 2020 to 2024, the High Herfindahl-Hirschman Index (HHI) suggests sustained market concentration. The sharp decline in growth rate from 2023 to 2024 indicates potential challenges in the formic acid market. The dominance of these top exporting countries underscores the importance of strategic partnerships and supply chain resilience for Sweden`s formic acid industry.
The Formic Acid market in Sweden is projected to grow at a stable growth rate of 0.02% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Sweden Formic Acid Market Overview |
3.1 Sweden Country Macro Economic Indicators |
3.2 Sweden Formic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Sweden Formic Acid Market - Industry Life Cycle |
3.4 Sweden Formic Acid Market - Porter's Five Forces |
3.5 Sweden Formic Acid Market Revenues & Volume Share, By Grade Type, 2021 & 2031F |
3.6 Sweden Formic Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Sweden Formic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Sweden Formic Acid Market Trends |
6 Sweden Formic Acid Market Segmentations |
6.1 Sweden Formic Acid Market, By Grade Type |
6.1.1 Overview and Analysis |
6.1.2 Sweden Formic Acid Market Revenues & Volume, By 0.75, 2021-2031F |
6.1.3 Sweden Formic Acid Market Revenues & Volume, By 0.8, 2021-2031F |
6.1.4 Sweden Formic Acid Market Revenues & Volume, By 0.85, 2021-2031F |
6.1.5 Sweden Formic Acid Market Revenues & Volume, By 0.94, 2021-2031F |
6.1.6 Sweden Formic Acid Market Revenues & Volume, By 0.99, 2021-2031F |
6.2 Sweden Formic Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Sweden Formic Acid Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.2.3 Sweden Formic Acid Market Revenues & Volume, By Leather Tanning, 2021-2031F |
6.2.4 Sweden Formic Acid Market Revenues & Volume, By Textile Dyeing and Finishing, 2021-2031F |
6.2.5 Sweden Formic Acid Market Revenues & Volume, By Intermediary in Pharmaceuticals, 2021-2031F |
6.2.6 Sweden Formic Acid Market Revenues & Volume, By Other Applications, 2021-2031F |
7 Sweden Formic Acid Market Import-Export Trade Statistics |
7.1 Sweden Formic Acid Market Export to Major Countries |
7.2 Sweden Formic Acid Market Imports from Major Countries |
8 Sweden Formic Acid Market Key Performance Indicators |
9 Sweden Formic Acid Market - Opportunity Assessment |
9.1 Sweden Formic Acid Market Opportunity Assessment, By Grade Type, 2021 & 2031F |
9.2 Sweden Formic Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Sweden Formic Acid Market - Competitive Landscape |
10.1 Sweden Formic Acid Market Revenue Share, By Companies, 2024 |
10.2 Sweden Formic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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