Finland: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Finland

The Finnish market for polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021, with an increase of 59% against the previous year. In general, consumption saw a relatively flat trend pattern. Consumption of peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Finland

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 46% against the previous year. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Finland

In 2021, exports of polyethylene with a specific gravity of less than X, in primary forms from Finland reached X tons, increasing by 9.8% on the year before. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when exports increased by 18% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons), Russia (X tons) and Turkey (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Finland, together accounting for 42% of total exports. Germany, Poland, the United States, Belgium, Mexico, Italy, the Netherlands, the UK, Portugal and Latvia lagged somewhat behind, together accounting for a further 35%.

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 +66.1%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Russia ($X) and Turkey ($X) appeared to be the largest markets for polyethylene with a specific gravity of less than X exported from Finland worldwide, together comprising 43% of total exports. These countries were followed by Germany, the United States, Poland, Belgium, Italy, Mexico, the UK, Portugal, the Netherlands and Latvia, which together accounted for a further 34%.

Mexico, with a CAGR of +60.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, picking up by 55% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to 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 (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Finland

Imports of polyethylene with a specific gravity of less than X, in primary forms into Finland amounted to X tons in 2021, rising by 3% on the year before. Over the period under review, imports, however, saw a slight setback. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Sweden (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Finland, with a combined 65% share of total imports. Germany, Italy, Canada, France, Lithuania, Austria, Qatar, the UK and Saudi Arabia lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +24.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene with a specific gravity of less than X suppliers to Finland were Belgium ($X), the Netherlands ($X) and Sweden ($X), with a combined 67% share of total imports. These countries were followed by Germany, Canada, Italy, France, Lithuania, Austria, Qatar, the UK and Saudi Arabia, which together accounted for a further 28%.

Italy, with a CAGR of +23.6%, saw the highest rates of growth with regard to 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 import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, jumping by 42% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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 ($X per ton), while the price for Saudi Arabia ($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 (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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