Finland: Flat Glass Market 2024

Flat Glass Market Size in Finland

In 2021, the Finnish flat glass market increased by 5.9% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the near future.

Flat Glass Production in Finland

In value terms, flat glass production fell to $X in 2021 estimated in export price. Overall, production continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 23% against the previous year. Flat glass production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Flat Glass Exports

Exports from Finland

In 2021, exports of flat glass from Finland soared to X tons, with an increase of 63% on 2020 figures. Overall, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 101%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, flat glass exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 60% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for flat glass exports from Finland, accounting for a 66% share of total exports. Moreover, flat glass exports to Sweden exceeded the volume sent to the second major destination, Russia (X tons), threefold. The third position in this ranking was held by Norway (X tons), with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled +115.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-18.1% per year) and Norway (+62.5% per year).

In value terms, the largest markets for flat glass exported from Finland were Sweden ($X), Russia ($X) and Norway ($X), together comprising 95% of total exports.

In terms of the main countries of destination, Sweden, with a CAGR of +75.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average flat glass export price amounted to $X per ton, shrinking by -12.8% against the previous year. Overall, the export price saw a abrupt descent. The growth pace was the most rapid in 2018 when the average export price increased by 21% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Estonia ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+28.5%), while the prices for the other major destinations experienced a decline.

Flat Glass Imports

Imports into Finland

In 2021, purchases abroad of flat glass increased by 11% to X tons, rising for the second year in a row after two years of decline. Overall, imports showed a mild increase. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, flat glass imports reached $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 14% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Russia (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of flat glass imports to Finland, with a combined 95% share of total imports. These countries were followed by France, Poland and Sweden, which together accounted for a further 3.4%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +49.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and Belgium ($X) were the largest flat glass suppliers to Finland, together comprising 88% of total imports. These countries were followed by France, Poland and Sweden, which together accounted for a further 5.4%.

Among the main suppliers, France, with a CAGR of +30.0%, recorded the highest growth rate of 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

The average flat glass import price stood at $X per ton in 2021, growing by 1.7% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The pace of growth was the most pronounced in 2019 when the average import price increased by 23% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+35.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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