Scandinavia: Composite Paperboard Market 2024

Composite Paperboard Market Size in Scandinavia

After two years of decline, the Scandinavia composite paperboard market increased by 8.3% to $X in 2021. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Composite Paperboard Production in Scandinavia

In value terms, composite paperboard production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 14% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Composite Paperboard Exports

Exports in Scandinavia

For the third consecutive year, Scandinavia recorded decline in overseas shipments of composite paper and paperboard, which decreased by -0.5% to X tons in 2021. Over the period under review, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of 13% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, composite paperboard exports surged to $X in 2021. Overall, exports recorded a pronounced descent. The pace of growth appeared the most rapid in 2013 with an increase of 20% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Finland was the main exporter of composite paper and paperboard in Scandinavia, with the volume of exports finishing at X tons, which was near 60% of total exports in 2021. It was distantly followed by Sweden (X tons), achieving a 40% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Finland (with a CAGR of -2.5%).

In value terms, the largest composite paperboard supplying countries in Scandinavia were Finland ($X) and Sweden ($X).

In terms of the main exporting countries, Sweden, with a CAGR of -1.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, rising by 18% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.2%).

Composite Paperboard Imports

Imports in Scandinavia

In 2021, supplies from abroad of composite paper and paperboard decreased by -7.2% to X tons, falling for the fifth year in a row after five years of growth. Total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -32.6% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 36% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, composite paperboard imports reached $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 32% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Sweden (X tons), distantly followed by Norway (X tons), Denmark (X tons) and Finland (X tons) represented the main importers of composite paper and paperboard, together comprising 100% of total imports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +6.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Sweden ($X) constitutes the largest market for imported composite paper and paperboard in Scandinavia, comprising 47% of total imports. The second position in the ranking was held by Norway ($X), with a 22% share of total imports. It was followed by Denmark, with a 21% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden amounted to +5.3%. The remaining importing countries recorded the following average annual rates of imports growth: Norway (+2.4% per year) and Denmark (-1.7% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, picking up by 18% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Sweden ($X per ton) and Denmark ($X per ton), while Finland ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform