Finland: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Finland

The Finnish market for drawn glass and blown glass fell rapidly to $X in 2021, reducing by -29.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Finland

In 2021, approx. X square meters of drawn glass and blown glass were exported from Finland; falling by -61% against 2020. In general, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2014 with an increase of 37%. The exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass exports shrank dramatically to $X in 2021. Over the period under review, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 305%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Estonia (X square meters) was the main destination for drawn glass and blown glass exports from Finland, with a 53% share of total exports. Moreover, drawn glass and blown glass exports to Estonia exceeded the volume sent to the second major destination, the Philippines (X square meters), twofold. The third position in this ranking was held by the United States (X square meters), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to Estonia amounted to -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (0.0% per year) and the United States (0.0% per year).

In value terms, the Philippines ($X) emerged as the key foreign market for drawn glass and blown glass exports from Finland, comprising 65% of total exports. The second position in the ranking was held by Estonia ($X), with a 23% share of total exports. It was followed by the United States, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Philippines was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+36.6% per year) and the United States (-16.1% per year).

Export Prices by Country

In 2021, the average export price for drawn glass and blown glass amounted to $X per square meter, waning by -77.6% against the previous year. Over the period under review, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2018 an increase of 290%. As a result, the export price attained the peak level of $X per square meter. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per square meter), while the average price for exports to China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+20.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Drawn Glass And Blown Glass

Imports into Finland

In 2021, the amount of drawn glass and blown glass imported into Finland dropped remarkably to X square meters, falling by -33.1% compared with 2020 figures. Overall, imports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2019 when imports increased by 349% against the previous year. Imports peaked at X square meters in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, drawn glass and blown glass imports declined dramatically to $X in 2021. In general, imports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2019 with an increase of 275%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X square meters) constituted the largest supplier of drawn glass and blown glass to Finland, accounting for a 87% share of total imports. Moreover, drawn glass and blown glass imports from Belgium exceeded the figures recorded by the second-largest supplier, Estonia (X square meters), more than tenfold. The third position in this ranking was held by Germany (X square meters), with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +553.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (-1.1% per year) and Germany (-13.3% per year).

In value terms, Belgium ($X) constituted the largest supplier of drawn glass and blown glass to Finland, comprising 62% of total imports. The second position in the ranking was taken by Estonia ($X), with a 23% share of total imports. It was followed by Germany, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from Belgium totaled +421.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+15.6% per year) and Germany (-13.0% per year).

Import Prices by Country

In 2021, the average import price for drawn glass and blown glass amounted to $X per square meter, jumping by 27% against the previous year. Overall, the import price showed a prominent increase. The pace of growth appeared the most rapid in 2014 an increase of 292% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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