Scandinavia: Corrugated Paper Market 2024

Corrugated Paper Market Size in Scandinavia

In 2021, after two years of decline, there was growth in the Scandinavia corrugated paper market, when its value increased by 3.6% to $X. Over the period under review, consumption, however, saw a strong increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Corrugated Paper Production in Scandinavia

In value terms, corrugated paper production soared to $X in 2021 estimated in export price. Overall, production showed a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 150%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Corrugated Paper Exports

Exports in Scandinavia

For the third consecutive year, Scandinavia recorded growth in shipments abroad of corrugated paper and paperboard, which increased by 36% to X tons in 2021. Over the period under review, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, corrugated paper exports surged to $X in 2021. In general, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark dominates exports structure, reaching X tons, which was approx. 96% of total exports in 2021. Sweden (X tons) held a minor share of total exports.

Denmark was also the fastest-growing in terms of the corrugated paper and paperboard exports, with a CAGR of +9.4% from 2012 to 2021. Sweden (-2.7%) illustrated a downward trend over the same period. While the share of Denmark (+9.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-6.4 p.p.) displayed negative dynamics.

In value terms, Denmark ($X) remains the largest corrugated paper supplier in Scandinavia, comprising 77% of total exports. The second position in the ranking was taken by Sweden ($X), with a 23% share of total exports.

In Denmark, corrugated paper exports expanded at an average annual rate of +11.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, picking up by 8.3% against the previous year. Over the period under review, the export price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2020 when the export price increased by 31%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Denmark totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+1.9%).

Corrugated Paper Imports

Imports in Scandinavia

In 2021, overseas purchases of corrugated paper and paperboard increased by 6.2% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 15%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, corrugated paper imports surged to $X in 2021. Total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.4% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark was the key importer of corrugated paper and paperboard in Scandinavia, with the volume of imports amounting to X tons, which was near 71% of total imports in 2021. It was distantly followed by Norway (X tons), Finland (X tons) and Sweden (X tons), together generating a 29% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to corrugated paper imports into Denmark stood at +1.4%. At the same time, Norway (+10.9%) and Finland (+7.8%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +10.9% from 2012-2021. By contrast, Sweden (-3.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Norway and Finland increased by +6 and +3.6 percentage points, respectively.

In value terms, Denmark ($X) constitutes the largest market for imported corrugated paper and paperboard in Scandinavia, comprising 64% of total imports. The second position in the ranking was taken by Norway ($X), with a 17% share of total imports. It was followed by Finland, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value in Denmark totaled +4.1%. In the other countries, the average annual rates were as follows: Norway (+9.7% per year) and Finland (+6.7% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, surging by 47% against the previous year. Import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, corrugated paper import price increased by +74.1% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+2.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform