Sweden: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Sweden

The Swedish polypropylene in primary forms market reduced to $X in 2022, with a decrease of -4.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then shrank modestly in the following year.

Exports of Polypropylene in Primary Forms

Exports from Sweden

In 2022, shipments abroad of polypropylene in primary forms increased by 2.5% to X tons, rising for the fourth consecutive year after two years of decline. Overall, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +8.0% 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 +73.7% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 64% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, polypropylene in primary forms exports stood at $X in 2022. In general, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 +67.7% against 2018 indices. The growth pace was the most rapid in 2013 when exports increased by 58%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for polypropylene in primary forms exports from Sweden, accounting for a 29% share of total exports. Moreover, polypropylene in primary forms exports to Germany exceeded the volume sent to the second major destination, Denmark (X tons), twofold. Poland (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-5.0% per year) and Poland (+14.0% per year).

In value terms, the largest markets for polypropylene in primary forms exported from Sweden were Germany ($X), Denmark ($X) and Poland ($X), with a combined 53% share of total exports. Finland, Estonia, Norway, the Netherlands, Belgium, the Czech Republic, Slovenia, Hungary and Switzerland lagged somewhat behind, together accounting for a further 37%.

Among the main countries of destination, Slovenia, with a CAGR of +148.3%, saw 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

In 2022, the average polypropylene in primary forms export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 40% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene in Primary Forms

Imports into Sweden

In 2022, purchases abroad of polypropylene in primary forms decreased by -5.1% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 23% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, polypropylene in primary forms imports contracted slightly to $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 47%. As a result, imports reached the peak of $X, and then contracted slightly in the following year.

Imports by Country

Saudi Arabia (X tons), Germany (X tons) and Finland (X tons) were the main suppliers of polypropylene in primary forms imports to Sweden, together comprising 57% of total imports. The Netherlands, South Korea, Belgium, the UK, Austria, Denmark, Poland and France lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +37.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Germany ($X) and Finland ($X) were the largest polypropylene in primary forms suppliers to Sweden, together comprising 54% of total imports. The Netherlands, South Korea, Belgium, Denmark, the UK, Austria, Poland and France lagged somewhat behind, together accounting for a further 38%.

Among the main suppliers, South Korea, with a CAGR of +37.4%, 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

The average polypropylene in primary forms import price stood at $X per ton in 2022, increasing by 4.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 42%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Saudi Arabia ($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 (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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