Sweden: Plastic Closure Market 2024

Plastic Closure Market Size in Sweden

In 2022, the Swedish plastic closure market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption saw a modest increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Plastic Closure Production in Sweden

In value terms, plastic closure production fell modestly to $X in 2022 estimated in export price. In general, production showed a perceptible downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Plastic Closure Exports

Exports from Sweden

In 2022, shipments abroad of plastic stoppers, caps and closures decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a perceptible downturn. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic closure exports reduced to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Norway (X tons), Denmark (X tons) and Finland (X tons) were the main destinations of plastic closure exports from Sweden, together comprising X% of total exports. Germany, Hungary, the UK, Poland, China, Belgium, the Netherlands, Estonia, Ireland and Spain lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for plastic closure exported from Sweden were Norway ($X), Finland ($X) and Denmark ($X), together accounting for X% of total exports. Germany, Hungary, the UK, Poland, the Netherlands, China, Belgium, Estonia, Spain and Ireland lagged somewhat behind, together comprising a further X%.

Ireland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average plastic closure export price amounted to $X per ton, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

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 Germany ($X per ton), while the average price for exports to China ($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 Ireland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Closure Imports

Imports into Sweden

In 2022, overseas purchases of plastic stoppers, caps and closures increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic closure imports expanded notably to $X in 2022. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of plastic closure to Sweden, accounting for a X% share of total imports. Moreover, plastic closure imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), more than tenfold. The third position in this ranking was held by Finland (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Finland (X% per year).

In value terms, Germany ($X) constituted the largest supplier of plastic stoppers, caps and closures to Sweden, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with an X% share of total imports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Denmark (X% per year).

Import Prices by Country

In 2022, the average plastic closure import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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