Sweden: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Sweden

The Swedish plastic reservoir market expanded to $X in 2022, rising by 2% against the previous year. Over the period under review, consumption enjoyed a strong increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Plastic Reservoir Production in Sweden

In value terms, plastic reservoir production declined to $X in 2022 estimated in export price. In general, production recorded a pronounced downturn. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. Plastic reservoir production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Plastic Reservoir Exports

Exports from Sweden

In 2022, overseas shipments of plastic reservoirs, tanks and vats increased by 35% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed a notable expansion. The pace of growth was the most pronounced in 2017 when exports increased by 64% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, plastic reservoir exports skyrocketed to $X in 2022. Overall, total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +114.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 65% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Finland (X tons) was the main destination for plastic reservoir exports from Sweden, accounting for a 58% share of total exports. Moreover, plastic reservoir exports to Finland exceeded the volume sent to the second major destination, Denmark (X tons), threefold. Norway (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland totaled -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+14.7% per year) and Norway (+15.1% per year).

In value terms, Finland ($X) remains the key foreign market for plastic reservoirs, tanks and vats exports from Sweden, comprising 55% of total exports. The second position in the ranking was taken by Norway ($X), with a 20% share of total exports. It was followed by Denmark, with a 19% share.

From 2012 to 2022, the average annual growth rate of value to Finland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+4.9% per year) and Denmark (+6.7% per year).

Export Prices by Country

The average plastic reservoir export price stood at $X per ton in 2022, which is down by -3.8% against the previous year. In general, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in 2020 an increase of 16% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Norway ($X per ton) and China ($X per ton), while the average price for exports to Finland ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+0.8%), while the prices for the other major destinations experienced a decline.

Plastic Reservoir Imports

Imports into Sweden

Plastic reservoir imports into Sweden surged to X tons in 2022, growing by 24% compared with 2021. Over the period under review, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 55% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, plastic reservoir imports skyrocketed to $X in 2022. In general, imports posted a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 63%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Norway (X tons) constituted the largest supplier of plastic reservoir to Sweden, with a 60% share of total imports. Moreover, plastic reservoir imports from Norway exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Estonia (X tons) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+46.3% per year) and Estonia (+4.9% per year).

In value terms, Norway ($X) constituted the largest supplier of plastic reservoirs, tanks and vats to Sweden, comprising 50% of total imports. The second position in the ranking was held by Germany ($X), with a 22% share of total imports. It was followed by Finland, with an 8% share.

From 2012 to 2022, the average annual growth rate of value from Norway stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+30.5% per year) and Finland (+4.4% per year).

Import Prices by Country

In 2022, the average plastic reservoir import price amounted to $X per ton, dropping by -2.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 26%. The import price peaked at $X per ton in 2021, and then dropped modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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