Norway: Plastic Packaging Market 2024

Plastic Packaging Market Size in Norway

In 2022, the Norwegian plastic packaging market decreased by X% to $X, falling for the second year in a row after six years of growth. In general, consumption, however, showed temperate growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Plastic Packaging Production in Norway

In value terms, plastic packaging production expanded rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in years to come.

Plastic Packaging Exports

Exports from Norway

In 2022, shipments abroad of plastic packaging decreased by X% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, plastic packaging exports rose to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X tons), the UK (X tons) and Denmark (X tons) were the main destinations of plastic packaging exports from Norway, with a combined X% share of total exports. France, Spain, Finland, Switzerland, the Netherlands, Germany, Austria and Saudi Arabia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Denmark (X% per year).

Export Prices by Country

The average plastic packaging export price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Denmark ($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 Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Packaging Imports

Imports into Norway

After two years of growth, overseas purchases of plastic packaging decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, plastic packaging imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of plastic packaging to Norway, accounting for a X% share of total imports. Moreover, plastic packaging imports from Sweden exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Denmark (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Denmark (X% per year).

In value terms, Sweden ($X) constituted the largest supplier of plastic packaging to Norway, comprising X% of total imports. The second position in the ranking was held by Denmark ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Sweden was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and China (X% per year).

Import Prices by Country

The average plastic packaging import price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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