Scandinavia: Polystyrene Market 2024

Polystyrene Market Size in Scandinavia

The Scandinavia polystyrene market fell rapidly to $X in 2022, with a decrease of -34.9% against the previous year. The total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +43.5% against 2020 indices. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Polystyrene Production in Scandinavia

In value terms, polystyrene production expanded rapidly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by 445%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Polystyrene Exports

Exports in Scandinavia

In 2022, overseas shipments of polystyrene increased by 87% to X tons, rising for the seventh year in a row after three years of decline. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, polystyrene exports skyrocketed to $X in 2022. In general, exports continue to indicate slight growth. The growth pace was the most rapid in 2021 with an increase of 102% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Finland (X tons) represented the largest exporter of polystyrene, achieving 58% of total exports. Norway (X tons) held the second position in the ranking, distantly followed by Sweden (X tons). All these countries together held near 42% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +8.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest polystyrene supplying countries in Scandinavia were Finland ($X), Norway ($X) and Sweden ($X).

Norway, with a CAGR of +7.2%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, dropping by -11.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2021 an increase of 64% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Sweden (+4.3%), while the other leaders experienced mixed trends in the export price figures.

Polystyrene Imports

Imports in Scandinavia

In 2022, after two years of growth, there was significant decline in overseas purchases of polystyrene, when their volume decreased by -9.9% to X tons. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, polystyrene imports reduced slightly to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 98% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

Sweden (X tons) and Norway (X tons) represented roughly 78% of total imports in 2022. It was distantly followed by Finland (X tons), generating a 22% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +2.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Norway, with a CAGR of +4.8%, 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

In 2022, the import price in Scandinavia amounted to $X per ton, with an increase of 10% against the previous year. Import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polystyrene import price increased by +90.6% against 2020 indices. The growth pace was the most rapid in 2021 when the import price increased by 73% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Finland ($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 (+2.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform