Sweden: 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 Sweden

The Swedish market for polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021, increasing by 37% against the previous year. Over the period under review, consumption posted a perceptible expansion. Consumption of peaked in 2021 and is expected to retain growth in years to come.

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

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms reduced markedly to $X in 2021 estimated in export price. Overall, production, however, faced a sharp decline. The pace of growth was the most pronounced in 2019 with an increase of 34%. As a result, production reached the peak level of $X. From 2020 to 2021, production of growth failed to regain momentum.

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

Exports from Sweden

In 2021, approx. X tons of polyethylene with a specific gravity of less than X, in primary forms were exported from Sweden; growing by 6.6% compared with the previous year. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 15% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons), Germany (X tons) and China (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Sweden, with a combined 37% share of total exports. Poland, Turkey, Finland, Italy, the Netherlands, South Korea, France, Latvia, Norway and Denmark lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +30.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene with a specific gravity of less than X exported from Sweden were Germany ($X), Belgium ($X) and China ($X), with a combined 36% share of total exports. These countries were followed by Poland, Finland, Turkey, Italy, South Korea, the Netherlands, France, Norway, Denmark and Latvia, which together accounted for a further 41%.

Among the main countries of destination, Latvia, with a CAGR of +21.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, with an increase of 34% against the previous year. In general, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Latvia ($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 the Netherlands (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Sweden

In 2021, overseas purchases of polyethylene with a specific gravity of less than X, in primary forms decreased by -5.6% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports showed a perceptible setback. The growth pace was the most rapid in 2017 when imports increased by 4%. Imports peaked 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 skyrocketed to $X in 2021. In general, imports recorded a perceptible curtailment. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Norway (X tons), Austria (X tons) and Belgium (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Sweden, together comprising 45% of total imports. These countries were followed by the Netherlands, Denmark, Finland, Germany, Saudi Arabia, France and the UK, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +19.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Belgium ($X) and Austria ($X) appeared to be the largest polyethylene with a specific gravity of less than X suppliers to Sweden, together accounting for 48% of total imports. The Netherlands, Denmark, Finland, Germany, Saudi Arabia, France and the UK lagged somewhat behind, together comprising a further 41%.

Among the main suppliers, Denmark, with a CAGR of +16.1%, recorded 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 average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, surging by 49% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and the UK ($X per ton), while the price for Saudi Arabia ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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