Scandinavia: Plastic Box Market 2024

Plastic Box Market Size in Scandinavia

The Scandinavia plastic box market reached $X in 2022, surging by 2.9% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Plastic Box Production in Scandinavia

In value terms, plastic box production rose significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 23%. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the near future.

Plastic Box Exports

Exports in Scandinavia

Plastic box exports expanded rapidly to X tons in 2022, growing by 7.7% compared with the previous year. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 11%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, plastic box exports fell slightly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 28% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden represented the largest exporter of plastic boxes, cases, crates and similar packing articles in Scandinavia, with the volume of exports amounting to X tons, which was near 70% of total exports in 2022. It was distantly followed by Norway (X tons) and Finland (X tons), together mixing up a 30% share of total exports.

Exports from Sweden decreased at an average annual rate of -1.9% from 2012 to 2022. At the same time, Finland (+9.2%) and Norway (+3.3%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +9.2% from 2012-2022. From 2012 to 2022, the share of Finland and Norway increased by +7.7 and +5 percentage points, respectively.

In value terms, Sweden ($X) remains the largest plastic box supplier in Scandinavia, comprising 71% of total exports. The second position in the ranking was taken by Norway ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (+1.0% per year) and Finland (+6.5% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, which is down by -9.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 when the export price increased by 25% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.1%), while the other leaders experienced a decline in the export price figures.

Plastic Box Imports

Imports in Scandinavia

In 2022, imports of plastic boxes, cases, crates and similar packing articles in Scandinavia stood at X tons, with an increase of 5.5% on the previous year. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 12%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, plastic box imports contracted to $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, imports reached the peak of $X, and then contracted slightly in the following year.

Imports by Country

Sweden represented the main importing country with an import of about X tons, which recorded 56% of total imports. It was distantly followed by Norway (X tons) and Finland (X tons), together mixing up a 44% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +2.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic box importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Sweden, with a CAGR of +2.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, shrinking by -7.8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 12%. The level of import peaked at $X per ton in 2021, and then reduced in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform