Norway: Plastic Bag Market 2024

Plastic Bag Market Size in Norway

In 2022, the Norwegian plastic bag market decreased by -83.6% to $X, falling for the second year in a row after nine years of growth. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Plastic Bag Production in Norway

In value terms, plastic bag production skyrocketed to $X in 2022 estimated in export price. In general, production recorded a deep slump. Plastic bag production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Plastic Bag Exports

Exports from Norway

Plastic bag exports from Norway skyrocketed to X tons in 2022, increasing by 18% against the previous year's figure. Over the period under review, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 34%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, plastic bag exports surged to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Denmark (X tons), Sweden (X tons) and Finland (X tons) were the main destinations of plastic bag exports from Norway, together comprising 89% of total exports. These countries were followed by the UK, which accounted for a further 7%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +44.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic bag exported from Norway were Denmark ($X), Sweden ($X) and the UK ($X), together comprising 84% of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +40.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average plastic bag export price stood at $X per ton in 2022, rising by 17% against the previous year. Overall, the export price, however, showed a abrupt contraction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Finland ($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 the UK (-3.0%), while the prices for the other major destinations experienced a decline.

Plastic Bag Imports

Imports into Norway

In 2022, approx. X tons of plastic sacks and bags were imported into Norway; increasing by 7% compared with the previous year. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 9.6%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, plastic bag imports amounted to $X in 2022. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Sweden (X tons), China (X tons) and Denmark (X tons) were the main suppliers of plastic bag imports to Norway, together accounting for 57% of total imports. Germany, Malaysia, Lithuania, Turkey, Vietnam, Poland, Finland, Estonia, India and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +26.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), China ($X) and Denmark ($X) constituted the largest plastic bag suppliers to Norway, together comprising 51% of total imports. Germany, Malaysia, Turkey, Lithuania, Poland, Finland, Vietnam, Estonia, India and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 35%.

Among the main suppliers, Malaysia, with a CAGR of +28.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic bag import price stood at $X per ton in 2022, approximately reflecting the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 21% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: 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 Estonia (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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