Scandinavia: Photographic Paper Market 2024

Photographic Paper Market Size in Scandinavia

In 2021, the Scandinavia photographic paper market was finally on the rise to reach $X for the first time since 2012, thus ending a eight-year declining trend. Overall, consumption faced a drastic downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Photographic Paper Production in Scandinavia

In value terms, photographic paper production dropped rapidly to $X in 2021 estimated in export price. Overall, production faced a sharp descent. The most prominent rate of growth was recorded in 2013 when the production volume decreased by -2.4% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Photographic Paper Exports

Exports in Scandinavia

In 2021, overseas shipments of photographic paper, paperboard and textiles increased by 7.1% to X square meters, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a mild decrease. The most prominent rate of growth was recorded in 2013 with an increase of 38%. As a result, the exports attained the peak of X square meters. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, photographic paper exports totaled $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 27% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Sweden prevails in exports structure, reaching X square meters, which was near 85% of total exports in 2021. Denmark (X square meters) ranks second in terms of the total exports with an 8.5% share, followed by Norway (4.9%).

From 2012 to 2021, average annual rates of growth with regard to photographic paper exports from Sweden stood at -2.9%. At the same time, Denmark (+21.6%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +21.6% from 2012-2021. By contrast, Norway (-1.9%) illustrated a downward trend over the same period. Denmark (+7.3 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest photographic paper supplier in Scandinavia, comprising 88% of total exports. The second position in the ranking was held by Denmark ($X), with a 5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Sweden totaled -3.4%. In the other countries, the average annual rates were as follows: Denmark (+27.5% per year) and Norway (+0.9% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per square meter, reducing by -5.4% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 22% against the previous year. Over the period under review, the export prices attained the peak figure at $X per square meter in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per square meter), while Denmark ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+4.9%), while the other leaders experienced mixed trends in the export price figures.

Photographic Paper Imports

Imports in Scandinavia

In 2021, purchases abroad of photographic paper, paperboard and textiles increased by 1.4% to X square meters for the first time since 2012, thus ending a eight-year declining trend. In general, imports, however, showed a deep reduction. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, photographic paper imports expanded sharply to $X in 2021. Over the period under review, imports, however, faced a abrupt decline. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Sweden was the key importer of photographic paper, paperboard and textiles in Scandinavia, with the volume of imports reaching X square meters, which was approx. 44% of total imports in 2021. Norway (X square meters) ranks second in terms of the total imports with a 21% share, followed by Finland (19%) and Denmark (14%). Iceland (X square meters) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to photographic paper imports into Sweden stood at -5.9%. Iceland (-5.8%), Finland (-13.2%), Norway (-15.8%) and Denmark (-18.1%) illustrated a downward trend over the same period. While the share of Sweden (+21 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Norway (-9 p.p.) and Denmark (-11.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest photographic paper importing markets in Scandinavia were Sweden ($X), Norway ($X) and Denmark ($X), with a combined 79% share of total imports. These countries were followed by Finland and Iceland, which together accounted for a further 21%.

Among the main importing countries, Iceland, with a CAGR of -7.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per square meter, with an increase of 12% against the previous year. Import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, photographic paper import price increased by +62.2% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the import price increased by 33%. Over the period under review, import prices attained the peak figure at $X per square meter in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Denmark ($X per square meter), while Sweden ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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