Key Market Indicators
Greenland's plastic import market is projected to shrink slightly over the next few years. By 2028, imports are expected to reach approximately $16.2 million, down from $16.4 million in 2023. This represents a modest decline of 0.1% annually. Historically, since 1999, the demand for plastic imports in Greenland has decreased by an average of 0.8% each year. On the export side, Greenland's plastic industry is facing a steeper decline. By 2028, plastic exports are anticipated to drop to around $10,300, a significant decrease from $14,100 in 2023. This translates to an average annual decline of 5%. Over the past two decades, since 1999, the supply of plastic exports from Greenland has fallen by an average of 2.4% annually.
