Finland: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Finland

For the sixth consecutive year, the Finnish polyethylene in primary forms market recorded decline in sales value, which decreased by -53.3% to $X in 2021. Overall, consumption continues to indicate a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Polyethylene in Primary Forms in Finland

In value terms, polyethylene in primary forms production surged to $X in 2021 estimated in export price. In general, production saw a noticeable slump. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Polyethylene in Primary Forms

Exports from Finland

In 2021, the amount of polyethylene in primary forms exported from Finland was estimated at X tons, picking up by 6.7% compared with 2020. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 24% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, polyethylene in primary forms exports soared to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons), Russia (X tons) and Belgium (X tons) were the main destinations of polyethylene in primary forms exports from Finland, with a combined 33% share of total exports. These countries were followed by Germany, Turkey, Poland, Italy, the United States, Romania, Mexico, France, the UK and the Netherlands, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +67.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene in primary forms exported from Finland were Sweden ($X), Russia ($X) and Germany ($X), together accounting for 34% of total exports. These countries were followed by Turkey, Belgium, Poland, Italy, the United States, Romania, the UK, France, Mexico and the Netherlands, which together accounted for a further 40%.

Among the main countries of destination, Mexico, with a CAGR of +60.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average polyethylene in primary forms export price amounted to $X per ton, surging by 44% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were the UK ($X per ton) and Germany ($X per ton), while the average price for exports to Belgium ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into Finland

In 2021, supplies from abroad of polyethylene in primary forms increased by 2.8% to X tons, rising for the second year in a row after two years of decline. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 14%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, polyethylene in primary forms imports skyrocketed to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Sweden (X tons) were the main suppliers of polyethylene in primary forms imports to Finland, together accounting for 55% of total imports. Germany, Saudi Arabia, Qatar, Austria, Italy, the United States, Russia, Canada, Lithuania and Egypt lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +22.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Sweden ($X) were the largest polyethylene in primary forms suppliers to Finland, with a combined 59% share of total imports. These countries were followed by Germany, Canada, Austria, Italy, Qatar, Saudi Arabia, Lithuania, Russia, the United States and Egypt, which together accounted for a further 33%.

Italy, with a CAGR of +20.6%, recorded 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

The average polyethylene in primary forms import price stood at $X per ton in 2021, surging by 40% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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