Sweden: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

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

After two years of decline, the Swedish polyethylene glycol and polyether market increased by 37% to $X in 2021. In general, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Sweden

In value terms, polyethylene glycol and polyether production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 13% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then fell in the following year.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Sweden

In 2021, overseas shipments of polyethylene glycols and polyethers in primary forms increased by 40% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw 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, polyethylene glycol and polyether exports soared to $X in 2021. Overall, total exports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, 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.

Exports by Country

Belgium (X tons) was the main destination for polyethylene glycol and polyether exports from Sweden, accounting for a 19% share of total exports. Moreover, polyethylene glycol and polyether exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), twofold. The United States (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.4% per year) and the United States (+2.1% per year).

In value terms, the largest markets for polyethylene glycol and polyether exported from Sweden were Belgium ($X), Denmark ($X) and China ($X), with a combined 33% share of total exports. Germany, the United States, the Netherlands, Finland, Switzerland, France, Norway, South Korea, Spain and India lagged somewhat behind, together accounting for a further 53%.

India, with a CAGR of +69.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polyethylene glycol and polyether export price stood at $X per ton in 2021, picking up by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Sweden

Polyethylene glycol and polyether imports into Sweden expanded notably to X tons in 2021, rising by 14% compared with 2020 figures. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some 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 skyrocketed to $X in 2021. In general, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of polyethylene glycol and polyether to Sweden, with a 52% share of total imports. Moreover, polyethylene glycol and polyether imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-2.8% per year) and Belgium (+4.2% per year).

In value terms, Germany ($X) constituted the largest supplier of polyethylene glycols and polyethers in primary forms to Sweden, comprising 52% of total imports. The second position in the ranking was taken by Belgium ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.4% per year) and the Netherlands (-2.4% per year).

Import Prices by Country

The average polyethylene glycol and polyether import price stood at $X per ton in 2021, surging by 35% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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