Sweden: Polyethylene Binder Market 2025

Polyethylene Binder Market Size in Sweden

After four years of growth, the Swedish polyethylene binder market decreased by -18% to $X in 2022. Over the period under review, consumption continues to indicate a resilient expansion. Over the period under review, the market hit record highs at $X in 2021, and then fell significantly in the following year.

Polyethylene Binder Production in Sweden

In value terms, polyethylene binder production fell to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 173% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Polyethylene Binder Exports

Exports from Sweden

Polyethylene binder exports from Sweden shrank notably to X tons in 2022, declining by -66.6% compared with 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 126,567%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, polyethylene binder exports shrank rapidly to $X in 2022. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 131,952%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Estonia (X tons), Finland (X tons) and Norway (X kg) were the main destinations of polyethylene binder exports from Sweden, with a combined 95% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +37.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Finland ($X) and Norway ($X) constituted the largest markets for polyethylene binder exported from Sweden worldwide, with a combined 94% share of total exports.

Among the main countries of destination, Finland, with a CAGR of +36.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average polyethylene binder export price amounted to $X per ton, falling by -29.8% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 39%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then reduced dramatically in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Austria ($X per ton) and Estonia ($X per ton), while the average price for exports to the United States ($X per ton) and Norway ($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 Iceland (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Binder Imports

Imports into Sweden

In 2022, supplies from abroad of polyethylene or polypropylene binder or baler (agricultural) twines increased by 57% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. 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.

In value terms, polyethylene binder imports surged to $X in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, 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.

Imports by Country

In 2022, Hungary (X tons) constituted the largest polyethylene binder supplier to Sweden, accounting for a 64% share of total imports. Moreover, polyethylene binder imports from Hungary exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fivefold. Portugal (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary totaled +58.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+78.5% per year) and Portugal (-8.5% per year).

In value terms, Hungary ($X) constituted the largest supplier of polyethylene or polypropylene binder or baler (agricultural) twines to Sweden, comprising 69% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 13% share of total imports. It was followed by Portugal, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Hungary amounted to +57.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+77.9% per year) and Portugal (-6.8% per year).

Import Prices by Country

The average polyethylene binder import price stood at $X per ton in 2022, increasing by 1.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 36%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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