Finland: Plastic Packaging Market 2024

Plastic Packaging Market Size in Finland

In 2022, the Finnish plastic packaging market increased by X% to $X, rising for the sixth year in a row after three years of decline. In general, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Plastic Packaging Production in Finland

In value terms, plastic packaging production rose rapidly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Plastic packaging production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Plastic Packaging Exports

Exports from Finland

In 2022, overseas shipments of plastic packaging increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic packaging exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for plastic packaging exports from Finland, with a X% share of total exports. Moreover, plastic packaging exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), sixfold. Norway (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Norway (X% per year).

In value terms, Sweden ($X) remains the key foreign market for plastic packaging exports from Finland, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

Export Prices by Country

The average plastic packaging export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price recorded a pronounced setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced a decline.

Plastic Packaging Imports

Imports into Finland

For the fourth year in a row, Finland recorded growth in supplies from abroad of plastic packaging, which increased by X% to X tons in 2022. In general, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, plastic packaging imports soared to $X in 2022. Over the period under review, imports continue to indicate temperate growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Lithuania (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of plastic packaging imports to Finland, with a combined X% share of total imports. Poland, China, Estonia, Denmark, the Netherlands, South Korea, France and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Sweden ($X) and Germany ($X) appeared to be the largest plastic packaging suppliers to Finland, together comprising X% of total imports. Poland, the Netherlands, Estonia, China, Denmark, France, South Korea and Turkey lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, saw the highest growth rate of 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 2022, the average plastic packaging import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :