Norway: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Norway

In 2022, the Norwegian ethylene polymer bag market decreased by -85.8% to $X, falling for the second year in a row after nine years of growth. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Ethylene Polymer Bag Production in Norway

In value terms, ethylene polymer bag production surged to $X in 2022 estimated in export price. Overall, production recorded a abrupt decrease. Ethylene polymer bag production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Ethylene Polymer Bag Exports

Exports from Norway

In 2022, overseas shipments of sacks and bags of polymers of ethylene increased by 15% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports enjoyed a tangible increase. The pace of growth appeared the most rapid in 2019 when exports increased by 99% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, ethylene polymer bag exports skyrocketed to $X in 2022. In general, exports, however, showed a slight contraction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Denmark (X tons), Sweden (X tons) and Finland (X tons) were the main destinations of ethylene polymer bag exports from Norway, with a combined 82% share of total exports. The UK, Germany and Belgium lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +58.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Denmark ($X) and Sweden ($X) appeared to be the largest markets for ethylene polymer bag exported from Norway worldwide, together accounting for 79% of total exports.

Among the main countries of destination, the UK, with a CAGR of +52.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average ethylene polymer bag export price amounted to $X per ton, surging by 25% against the previous year. In general, the export price, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2018 when the average export price increased by 34%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Finland ($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 Belgium (-0.0%), while the prices for the other major destinations experienced a decline.

Ethylene Polymer Bag Imports

Imports into Norway

In 2022, imports of sacks and bags of polymers of ethylene into Norway stood at X tons, surging by 5% compared with the previous year. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 20% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, ethylene polymer bag imports amounted to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Sweden (X tons) constituted the largest ethylene polymer bag supplier to Norway, with a 35% share of total imports. Moreover, ethylene polymer bag imports from Sweden exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Denmark (X tons), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.3% per year) and Denmark (+5.0% per year).

In value terms, Sweden ($X) constituted the largest supplier of sacks and bags of polymers of ethylene to Norway, comprising 31% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Denmark, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Sweden stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.3% per year) and Denmark (+3.4% per year).

Import Prices by Country

The average ethylene polymer bag import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 22%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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