PVC compounds in primary forms market in Sweden

Earlier Report Observations

The Swedish market for PVC compounds in primary forms, measured by volume, grew from 14.4 thousand tons in 2020 to nearly 15.8 thousand tons in 2021 and stabilized at a similar level in 2022. A contraction to 14.0 thousand tons followed in 2023 before a partial recovery to 15.7 thousand tons in 2024. In value terms, the market exhibited stronger growth, rising from 23.7 million dollars in 2020 to 38.7 million dollars in 2022, reflecting significant price increases during this period. Market value then declined to 29.1 million dollars in 2023 before a modest rebound to 30.4 million dollars in 2024.

This market dynamic was shaped by shifts in domestic production and foreign trade. Domestic production volume increased from 21.7 thousand tons in 2020 to a peak of 24.6 thousand tons in 2021-2022, then fell to 20.7 thousand tons in 2023. Concurrently, imports into Sweden saw a steep, multi-year decline from over 5.7 thousand tons in 2018 to just 470 tons in 2023, reducing the supply of foreign material on the local market. Exports remained high but volatile, exceeding 10 thousand tons in 2021 before moderating, which influenced the net volume available for domestic consumption.

Production PVC compounds in primary forms in Sweden

In value, 2017-2020, K $ US

Annual dynamics of production in Sweden in value, 2017-2020, K $ US

In kind, 2017-2020, t

Annual dynamics of production in Sweden in kind, 2017-2020, t

Exports PVC compounds in primary forms from Sweden

Exports in kind, t

After two consecutive years of decline, Sweden's exports of PVC compounds in primary forms increased in 2020. That year, exports reached 9 284 tonnes, representing a 3.7% rise compared to 2019. Over the period from 2017 to 2020, exports decreased by 3.7%, which translates to an average annual decline of 1.3%. The lowest export volume was recorded in 2019 at 8 950 tonnes, while the largest year-on-year drop occurred in 2018 at 6.6%.

Annual dynamics of product's exports from Sweden in kind, 2017-2020, t

From 2017 to 2020, three key markets—Norway, Denmark, and Finland—collectively accounted for 76.4% of Sweden's total exports of PVC compounds in primary forms by volume.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Sweden in kind, 2017-2020

Exports in value, K $ US

Following a two-year downturn, Sweden's exports of PVC compounds in primary forms in monetary terms saw an uptick in 2020. Exports that year amounted to 15 352 thousand US dollars, marking a modest 1.1% increase over the previous year. Between 2017 and 2020, exports declined by 12.1%, with a compound annual growth rate (CAGR) of -4.2%. The lowest value was recorded in 2019 at 15 188 thousand US dollars, and the most significant year-on-year decrease occurred in 2019 at 7.5%.

Annual dynamics of product's exports from Sweden in value, 2017-2020, K $ US

From 2017 to 2020, the top destinations for Sweden's exports of PVC compounds in primary forms by value were Norway (27.4% of total export value), Denmark (26.6%), and Finland (19.8%). Together, these three countries represented 73.7% of Sweden's total export flows in this category.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Sweden in value, 2017-2020

Imports PVC compounds in primary forms to Sweden

Imports in kind, t

Sweden's imports of PVC compounds in primary forms by volume fell for the second year in a row in 2020. Imports that year totaled 2 040 tonnes, reflecting a sharp 46.7% decrease compared to the prior year. Over the 2017–2020 period, imports dropped by 45.7%, equivalent to an average annual decline of 18.4%. The peak import volume was recorded in 2018 at 5 718 tonnes, which also saw the largest year-on-year increase at 52.2%.

Annual dynamics of product's imports to Sweden in kind, 2017-2020, t

Between 2017 and 2020, Finland was the dominant source for Sweden's imports of PVC compounds in primary forms by volume, holding a 76.0% share of total imports. Other markets contributed relatively smaller portions during this timeframe.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Sweden in kind, 2017-2020

Imports in value, K $ US

Sweden's imports of PVC compounds in primary forms in monetary terms continued to decline for a second consecutive year in 2020. Imports reached 4 002 thousand US dollars that year, indicating a substantial 40.5% drop from the previous year. From 2017 to 2020, imports decreased by 39.2%, with a compound annual growth rate (CAGR) of -15.3%. The highest import value was recorded in 2018 at 10 828 thousand US dollars, which also experienced the most significant year-on-year increase at 64.5%.

Annual dynamics of product's imports to Sweden in value, 2017-2020, K $ US

From 2017 to 2020, the primary sources for Sweden's imports of PVC compounds in primary forms by value were Finland (69.8% of total import value), France (8.4%), and Germany (6.4%). Collectively, these three countries accounted for 84.7% of Sweden's total import flows in this category.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Sweden in value, 2017-2020