Scandinavia: Plastic Bag Market 2024

Plastic Bag Market Size in Scandinavia

In 2022, the Scandinavia plastic bag market decreased by -52.5% to $X, falling for the second consecutive year after five years of growth. Over the period under review, 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 Scandinavia

In value terms, plastic bag production rose notably to $X in 2022 estimated in export price. Overall, production saw a slight curtailment. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Plastic Bag Exports

Exports in Scandinavia

In 2022, approx. X tons of plastic sacks and bags were exported in Scandinavia; declining by -6% compared with the previous year. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 6.7% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, plastic bag exports totaled $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden represented the key exporting country with an export of about X tons, which resulted at 76% of total exports. Finland (X tons) ranks second in terms of the total exports with a 13% share, followed by Norway (11%).

Sweden experienced a relatively flat trend pattern with regard to volume of exports of plastic sacks and bags. At the same time, Norway (+6.4%) and Finland (+1.5%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +6.4% from 2012-2022. While the share of Norway (+4.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (-5.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest plastic bag supplier in Scandinavia, comprising 74% of total exports. The second position in the ranking was taken by Finland ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+3.6% per year) and Norway (-0.7% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, increasing by 6.7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 18%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices 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 Finland (+2.1%), while the other leaders experienced mixed trends in the export price figures.

Plastic Bag Imports

Imports in Scandinavia

Plastic bag imports stood at X tons in 2022, picking up by 7.9% against the previous year's figure. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 13%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, plastic bag imports expanded notably to $X in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 9.3%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Sweden (X tons) and Norway (X tons) represented roughly 82% of total imports in 2022. It was distantly followed by Finland (X tons), making up an 18% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +6.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) were the countries with the highest levels of imports in 2022, with a combined 99.9% share of total imports.

In terms of the main importing countries, Finland, with a CAGR of +3.6%, saw the highest rates of growth with regard to 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 2022, therefore, remained relatively stable against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 17%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform