Scandinavia: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Scandinavia

After two years of decline, the Scandinavia expansible polystyrene market increased by 165% to $X in 2021. In general, consumption saw buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Expansible Polystyrene Production in Scandinavia

In value terms, expansible polystyrene production soared to $X in 2021 estimated in export price. Overall, production recorded a notable expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Expansible Polystyrene Exports

Exports in Scandinavia

In 2021, approx. X tons of expansible polystyrene in primary forms were exported in Scandinavia; with an increase of 91% compared with 2020 figures. Over the period under review, exports, however, continue to indicate a noticeable shrinkage. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, expansible polystyrene exports surged to $X in 2021. In general, exports, however, recorded a slight downturn. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Norway represented the main exporting country with an export of around X tons, which accounted for 83% of total exports. It was distantly followed by Sweden (X tons), comprising a 17% share of total exports.

Norway was also the fastest-growing in terms of the expansible polystyrene in primary forms exports, with a CAGR of +8.4% from 2012 to 2021. At the same time, Sweden (+5.5%) displayed positive paces of growth. Norway (+56 p.p.) and Sweden (+10 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) remains the largest expansible polystyrene supplier in Scandinavia, comprising 82% of total exports. The second position in the ranking was taken by Sweden ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Norway totaled +10.5%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, with an increase of 88% against the previous year. Export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Expansible Polystyrene Imports

Imports in Scandinavia

In 2021, the amount of expansible polystyrene in primary forms imported in Scandinavia rose notably to X tons, picking up by 14% compared with 2020. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, expansible polystyrene imports surged to $X in 2021. Total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons) and Norway (X tons) were the major importers of expansible polystyrene in primary forms in 2021, amounting to approx. 36% and 33% of total imports, respectively. It was distantly followed by Denmark (X tons) and Finland (X tons), together creating a 28% share of total imports. Iceland (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of +11.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Denmark ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 91% share of total imports. Finland and Iceland lagged somewhat behind, together accounting for a further 9.4%.

Among the main importing countries, Iceland, with a CAGR of +10.5%, recorded 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 import price in Scandinavia stood at $X per ton in 2021, increasing by 80% against the previous year. Import price indicated a modest expansion from 2012 to 2021: its price 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+1.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform