Finland: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Finland

For the fourth year in a row, the Finnish ethylene polymer bag market recorded growth in sales value, which increased by 22% to $X in 2022. In general, consumption showed a tangible expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in years to come.

Ethylene Polymer Bag Production in Finland

In value terms, ethylene polymer bag production rose modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by 8.8% against the previous year. Ethylene polymer bag production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ethylene Polymer Bag Exports

Exports from Finland

Ethylene polymer bag exports from Finland fell rapidly to X tons in 2022, which is down by -35.9% against the year before. Overall, exports, however, saw a slight increase. The pace of growth appeared the most rapid in 2020 with an increase of 79%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, ethylene polymer bag exports shrank slightly to $X in 2022. The total export value increased at an average annual rate of +3.2% over the period 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 exports increased by 21% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Sweden (X tons) was the main destination for ethylene polymer bag exports from Finland, accounting for a 52% share of total exports. Moreover, ethylene polymer bag exports to Sweden exceeded the volume sent to the second major destination, Latvia (X tons), sixfold. Norway (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+10.9% per year) and Norway (-6.5% per year).

In value terms, Sweden ($X) remains the key foreign market for sacks and bags of polymers of ethylene exports from Finland, comprising 50% of total exports. The second position in the ranking was taken by Norway ($X), with a 12% share of total exports. It was followed by Latvia, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden stood at +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+0.9% per year) and Latvia (+12.7% per year).

Export Prices by Country

In 2022, the average ethylene polymer bag export price amounted to $X per ton, rising by 50% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethylene polymer bag export price increased by +81.3% against 2020 indices. The pace of growth appeared the most rapid in 2019 an increase of 55%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Latvia ($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 Norway (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene Polymer Bag Imports

Imports into Finland

In 2022, purchases abroad of sacks and bags of polymers of ethylene increased by 20% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, imports saw a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ethylene polymer bag imports skyrocketed to $X in 2022. Overall, imports recorded a perceptible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Lithuania (X tons) and China (X tons) were the main suppliers of ethylene polymer bag imports to Finland, together comprising 54% of total imports. Sweden, Poland, Estonia, the Netherlands, Italy, Turkey, Norway and Denmark lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +16.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene polymer bag suppliers to Finland were Germany ($X), Lithuania ($X) and Sweden ($X), together accounting for 48% of total imports.

In terms of the main suppliers, Lithuania, with a CAGR of +16.7%, 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 ethylene polymer bag import price stood at $X per ton in 2022, growing by 3% against the previous year. Overall, the import price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 10%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 the Netherlands ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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