Scandinavia: Market for Polyethylene Glycols and Polyethers in Primary Forms 2025

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Scandinavia

In 2021, the Scandinavia polyethylene glycol and polyether market increased by 31% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Scandinavia

In value terms, polyethylene glycol and polyether production stood at $X in 2021 estimated in export price. The total production indicated a noticeable 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. Based on 2021 figures, production decreased by -6.9% against 2018 indices. The pace of growth was the most pronounced in 2016 with an increase of 20%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports in Scandinavia

In 2021, overseas shipments of polyethylene glycols and polyethers in primary forms were finally on the rise to reach X tons after two years of decline. Total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -24.1% against 2018 indices. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyethylene glycol and polyether exports skyrocketed to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark was the major exporter of polyethylene glycols and polyethers in primary forms in Scandinavia, with the volume of exports reaching X tons, which was near 59% of total exports in 2021. It was distantly followed by Sweden (X tons), constituting a 34% share of total exports. Finland (X tons) and Norway (X tons) held a little 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 Norway (with a CAGR of +16.6%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 97% of total exports.

Denmark, with a CAGR of +7.4%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, dropping by -1.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2019 an increase of 18%. Over the period under review, the export prices attained the peak figure at $X per ton in 2020, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+3.8%), while the other leaders experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports in Scandinavia

In 2021, polyethylene glycol and polyether imports in Scandinavia rose notably to X tons, growing by 10% compared with the year before. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat 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.

In value terms, polyethylene glycol and polyether imports soared to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark (X tons) and Sweden (X tons) represented the largest importers of polyethylene glycols and polyethers in primary forms in 2021, resulting at approx. 40% and 32% of total imports, respectively. Finland (X tons) took the next position in the ranking, followed by Norway (X tons). All these countries together held approx. 28% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Norway (with a CAGR of +2.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2021, with a combined 89% share of total imports.

Denmark, with a CAGR of +3.4%, saw the highest rates of growth with regard to the value of imports, among 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 2021, the import price in Scandinavia amounted to $X per ton, with an increase of 30% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. As a result, import price attained 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 Sweden ($X per ton) and Denmark ($X per ton), while Norway ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform