Scandinavia: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Scandinavia

The Scandinavia market for polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021, growing by 44% against the previous year. The total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -0.0% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Scandinavia

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms fell significantly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 22% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production of growth remained at a lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports in Scandinavia

In 2021, the amount of polyethylene with a specific gravity of less than X, in primary forms exported in Scandinavia rose to X tons, increasing by 2% against 2020. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 11%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports of attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Sweden (X tons) represented the major exporter of polyethylene with a specific gravity of less than X, in primary forms, achieving 53% of total exports. Finland (X tons) ranks second in terms of the total exports with a 25% share, followed by Norway (22%).

Sweden experienced a relatively flat trend pattern with regard to volume of exports of polyethylene with a specific gravity of less than X, in primary forms. At the same time, Finland (+1.8%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +1.8% from 2012-2021. By contrast, Norway (-2.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Finland increased by +4.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest polyethylene with a specific gravity of less than X supplier in Scandinavia, comprising 57% of total exports. The second position in the ranking was held by Finland ($X), with a 25% share of total exports.

In Sweden, exports of polyethylene with a specific gravity of less than X, in primary forms remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Finland (+1.4% per year) and Norway (-3.3% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, surging by 40% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway ($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 (+0.2%), while the other leaders experienced a decline in the export price figures.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports in Scandinavia

Imports of polyethylene with a specific gravity of less than X, in primary forms contracted to X tons in 2021, reducing by -2.2% compared with 2020. In general, imports recorded a noticeable decrease. The growth pace was the most rapid in 2017 when imports increased by 7.1% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. Over the period under review, imports continue to indicate a pronounced descent. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Sweden was the key importer of polyethylene with a specific gravity of less than X, in primary forms in Scandinavia, with the volume of imports amounting to X tons, which was near 59% of total imports in 2021. It was distantly followed by Finland (X tons), committing a 37% share of total imports. Norway (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Norway (with a CAGR of +0.6%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) constituted the countries with the highest levels of imports in 2021.

In terms of the main importing countries, Norway, with a CAGR of +1.4%, 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 a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, increasing by 46% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Norway (+0.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform