Scandinavia: Market for Plastics in Primary Forms 2024

Market Size for Plastics in Primary Forms in Scandinavia

In 2023, the Scandinavia plastics in primary forms market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Production of Plastics in Primary Forms in Scandinavia

In value terms, plastics in primary forms production expanded rapidly to $X in 2023 estimated in export price. Overall, production, however, recorded a slight descent. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

Exports of Plastics in Primary Forms

Exports in Scandinavia

In 2023, overseas shipments of plastics in primary formses decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a mild decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, plastics in primary forms exports plummeted to $X in 2023. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then dropped dramatically in the following year.

Exports by Country

In 2023, Sweden (X tons) represented the key exporter of plastics in primary formses, achieving X% of total exports. Finland (X tons) held the second position in the ranking, distantly followed by Norway (X tons). All these countries together held approx. X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Sweden (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Sweden ($X) remains the largest plastics in primary forms supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports.

In Sweden, plastics in primary forms exports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2023, falling by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then declined in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced more modest paces of growth.

Imports of Plastics in Primary Forms

Imports in Scandinavia

In 2023, purchases abroad of plastics in primary formses decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports saw a slight contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, plastics in primary forms imports reduced remarkably to $X in 2023. Over the period under review, imports saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then contracted notably in the following year.

Imports by Country

Sweden was the largest importer of plastics in primary formses in Scandinavia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2023. Finland (X tons) ranks second in terms of the total imports with a X% share, followed by Norway (X%).

From 2012 to 2023, average annual rates of growth with regard to plastics in primary forms imports into Sweden stood at X%. Norway experienced a relatively flat trend pattern. Finland (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Norway increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported plastics in primary formses in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Sweden was relatively modest. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then declined in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform