Sweden: Polyurethanes Market 2024

Polyurethanes Market Size in Sweden

The Swedish polyurethanes market surged to $X in 2021, rising by 20% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern 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.

Polyurethanes Production in Sweden

In value terms, polyurethanes production contracted to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 3.6% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank modestly in the following year.

Polyurethanes Exports

Exports from Sweden

In 2021, overseas shipments of polyurethanes in primary forms were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. 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.

In value terms, polyurethanes exports surged to $X in 2021. Overall, total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), Estonia (X tons) and Norway (X tons) were the main destinations of polyurethanes exports from Sweden, together accounting for 57% of total exports. Denmark, Finland, Lithuania, Ireland, China, Slovakia and Germany lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +60.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyurethanes exported from Sweden were Denmark ($X), Norway ($X) and Poland ($X), together accounting for 50% of total exports. These countries were followed by Estonia, Finland, Lithuania, Ireland, Germany, China and Slovakia, which together accounted for a further 38%.

Slovakia, with a CAGR of +58.8%, recorded the highest growth rate of 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 polyurethanes export price stood at $X per ton in 2021, surging by 11% against the previous year. Overall, the export price, however, continues to indicate a pronounced shrinkage. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Estonia ($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 Germany (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Polyurethanes Imports

Imports into Sweden

For the third consecutive year, Sweden recorded growth in supplies from abroad of polyurethanes in primary forms, which increased by 23% to X tons in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.7% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyurethanes imports soared to $X in 2021. In general, total imports indicated noticeable growth 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, imports reached 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 polyurethanes to Sweden, accounting for a 39% share of total imports. Moreover, polyurethanes imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+7.3% per year) and the Netherlands (+1.0% per year).

In value terms, Germany ($X) constituted the largest supplier of polyurethanes in primary forms to Sweden, comprising 33% of total imports. The second position in the ranking was held by Denmark ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+9.2% per year) and the Netherlands (+2.6% per year).

Import Prices by Country

In 2021, the average polyurethanes import price amounted to $X per ton, growing by 6.9% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 10% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, 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 Switzerland ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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