Scandinavia: Polyurethanes Market 2024

Polyurethanes Market Size in Scandinavia

The Scandinavia polyurethanes market surged to $X in 2021, increasing by 27% against the previous year. The market value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Polyurethanes Production in Scandinavia

In value terms, polyurethanes production surged to $X in 2021 estimated in export price. The total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +99.9% against 2016 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Polyurethanes Exports

Exports in Scandinavia

Polyurethanes exports skyrocketed to X tons in 2021, jumping by 16% against 2020 figures. The total export volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyurethanes exports surged to $X in 2021. The total export value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark was the largest exporter of polyurethanes in primary forms in Scandinavia, with the volume of exports recording X tons, which was near 49% of total exports in 2021. Sweden (X tons) ranks second in terms of the total exports with a 27% share, followed by Finland (20%). Norway (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Finland (with a CAGR of +22.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest polyurethanes supplying countries in Scandinavia were Denmark ($X), Sweden ($X) and Finland ($X), with a combined 95% share of total exports.

Finland, with a CAGR of +16.1%, saw the highest growth rate of 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

In 2021, the export price in Scandinavia amounted to $X per ton, growing by 13% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+1.0%), while the other leaders experienced a decline in the export price figures.

Polyurethanes Imports

Imports in Scandinavia

In 2021, imports of polyurethanes in primary forms in Scandinavia expanded significantly to X tons, surging by 9.7% on the year before. Total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +52.0% against 2015 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 23%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, polyurethanes imports soared to $X in 2021. The total import value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 24%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Sweden (X tons) and Denmark (X tons) represented the key importers of polyurethanes in primary forms in 2021, amounting to near 35% and 30% of total imports, respectively. Finland (X tons) ranks next in terms of the total imports with a 19% share, followed by Norway (16%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (with a CAGR of +6.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 86% of total imports.

Among the main importing countries, Denmark, with a CAGR of +5.2%, saw the highest growth rate of 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 2021, the import price in Scandinavia amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Sweden ($X per ton) and Finland ($X per ton), while Norway ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform