Sweden: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Sweden

In 2022, the Swedish ethylene polymer bag market decreased by -0.1% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 when the market value increased by 3.6% against the previous year. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Ethylene Polymer Bag Production in Sweden

In value terms, ethylene polymer bag production expanded notably to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Ethylene polymer bag production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Ethylene Polymer Bag Exports

Exports from Sweden

Ethylene polymer bag exports from Sweden dropped to X tons in 2022, falling by -3.2% on 2021 figures. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 6.5%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, ethylene polymer bag exports declined slightly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for ethylene polymer bag exports from Sweden, accounting for a 53% share of total exports. Moreover, ethylene polymer bag exports to Norway exceeded the volume sent to the second major destination, Russia (X tons), fourfold. The third position in this ranking was held by Finland (X tons), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-1.2% per year) and Finland (-2.6% per year).

In value terms, Norway ($X) remains the key foreign market for sacks and bags of polymers of ethylene exports from Sweden, comprising 45% of total exports. The second position in the ranking was held by Russia ($X), with a 14% share of total exports. It was followed by Denmark, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+1.9% per year) and Denmark (-1.1% per year).

Export Prices by Country

The average ethylene polymer bag export price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Denmark ($X per ton) and Russia ($X per ton), while the average price for exports to Finland ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.

Ethylene Polymer Bag Imports

Imports into Sweden

In 2022, purchases abroad of sacks and bags of polymers of ethylene was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 11% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, ethylene polymer bag imports expanded notably to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 9.4%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X tons), China (X tons) and Lithuania (X tons) were the main suppliers of ethylene polymer bag imports to Sweden, together accounting for 47% of total imports. Germany, Finland, Denmark, Turkey, Vietnam, Thailand, Norway, Estonia, the United States and Austria lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +39.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Lithuania ($X) were the largest ethylene polymer bag suppliers to Sweden, with a combined 41% share of total imports. Poland, Finland, Denmark, Turkey, Estonia, Vietnam, Thailand, Austria, the United States and Norway lagged somewhat behind, together comprising a further 43%.

Among the main suppliers, Austria, with a CAGR of +25.0%, recorded the highest rates of growth with regard to 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

In 2022, the average ethylene polymer bag import price amounted to $X per ton, shrinking by -3.1% against the previous year. In general, the import price recorded a mild decline. The growth pace was the most rapid in 2021 when the average import price increased by 12% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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