Sweden: Market for Plastics in Primary Forms 2024

Market Size for Plastics in Primary Forms in Sweden

In 2023, after three years of growth, there was decline in the Swedish plastics in primary forms market, when its value decreased by X% to $X. In general, consumption saw a relatively flat trend pattern. Plastics in primary forms consumption peaked at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Production of Plastics in Primary Forms in Sweden

In value terms, plastics in primary forms production soared to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a slight contraction. 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 failed to regain momentum.

Exports of Plastics in Primary Forms

Exports from Sweden

In 2023, exports of plastics in primary formses from Sweden fell to X tons, shrinking by X% against 2022 figures. In general, exports continue to indicate a mild downturn. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, plastics in primary forms exports contracted dramatically to $X in 2023. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2022, and then reduced remarkably in the following year.

Exports by Country

Germany (X tons), Poland (X tons) and Turkey (X tons) were the main destinations of plastics in primary forms exports from Sweden, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for plastics in primary formses exports from Sweden, comprising X% of total exports. The second position in the ranking was held by Denmark ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Poland (X% per year).

Export Prices by Country

The average plastics in primary forms export price stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics in Primary Forms

Imports into Sweden

Plastics in primary forms imports into Sweden fell to X tons in 2023, shrinking by X% on the previous year's figure. Overall, imports saw a mild slump. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, plastics in primary forms imports dropped rapidly to $X in 2023. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then shrank remarkably in the following year.

Imports by Country

Germany (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of plastics in primary forms imports to Sweden, together accounting for X% of total imports. Norway, Finland, Austria, Saudi Arabia, France, Denmark, South Korea, Italy, the UK and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and the Netherlands ($X) constituted the largest plastics in primary forms suppliers to Sweden, together comprising X% of total imports. Norway, Austria, Finland, France, Denmark, the UK, Saudi Arabia, Italy, South Korea and Spain lagged somewhat behind, together comprising a further X%.

South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastics in primary forms import price stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then dropped in the following year.

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

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

Source: IndexBox Platform