Over the past years, Sweden has witnessed various fluctuations in the import of Polyethylene Terephthalate. Starting with a minor increase of 1.13% in 2013, the values dipped occasionally, for instance, in 2014 and 2016 with decreases of 4.93% and 1.69%, respectively. The most significant drop was seen in 2020 with a decline of 16.42%. However, the market began to rebound in 2021 with a rise of 15.24%, continuing through to 2023 with a modest increase of 0.65%, reaching 36.154 million kilograms in 2023. The compound annual growth rate (CAGR) averaged 0.48% over the last five years.
Looking ahead, the forecast predicts continuous slight growth in the import volume of Polyethylene Terephthalate, with the value expected to progress from 36.283 million kilograms in 2024 to 37.262 million kilograms by 2028. The projected five-year CAGR stands at 0.53%, signaling a stable yet slow growth trajectory with an overall forecasted growth rate of 2.7% over these years.
Future trends to watch for include potential impacts of sustainability initiatives and recycling policies in the European Union, which could either limit or shift the demand and import pattern for Polyethylene Terephthalate. Technological advancements in alternative materials and economic fluctuations could also significantly influence future import volumes.
