Report Update Nov 1, 2024

Finland - Glass Fiber Filaments - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in Finland

In 2021, after four years of decline, there was growth in the Finnish glass fibre filament market, when its value increased by 4.3% to $X. In general, consumption, however, showed a precipitous contraction. Glass fibre filament consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Glass Fibre Filament Production in Finland

In value terms, glass fibre filament production expanded significantly to $X in 2021 estimated in export price. In general, production, however, faced a abrupt decrease. Glass fibre filament production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Glass Fibre Filament Exports

Exports from Finland

Glass fibre filament exports from Finland skyrocketed to X tons in 2021, increasing by 472% on 2020 figures. In general, exports, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 3,964% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, glass fibre filament exports soared to $X in 2021. Over the period under review, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2019 when exports increased by 1,283% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons) was the main destination for glass fibre filament exports from Finland, accounting for a 95% share of total exports. Moreover, glass fibre filament exports to Austria exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. The third position in this ranking was taken by Estonia (X kg), with a 0.5% share.

From 2012 to 2021, the average annual growth rate of volume to Austria amounted to +50.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-30.5% per year) and Estonia (-37.8% per year).

In value terms, Austria ($X) emerged as the key foreign market for glass fibre filaments exports from Finland, comprising 81% of total exports. The second position in the ranking was taken by Estonia ($X), with a 12% share of total exports. It was followed by the UK, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to Austria totaled +46.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-16.0% per year) and the UK (-28.7% per year).

Export Prices by Country

In 2021, the average glass fibre filament export price amounted to $X per ton, which is down by -52% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 233%. As a result, the export price attained the peak level of $X per ton, and then shrank markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Austria ($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 (+35.1%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Filament Imports

Imports into Finland

In 2016, after two years of decline, there was significant growth in overseas purchases of glass fibre filaments, when their volume increased by 32% to X tons. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2016, imports remained at a lower figure.

In value terms, glass fibre filament imports skyrocketed to $X in 2016. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

From 2012 to 2016, the average annual growth rate of volume from No country was relatively modest.

From 2012 to 2016, the average annual growth rate of value from No country was relatively modest.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass fibre filaments in the world?

The countries with the highest volumes of glass fibre filament consumption in 2021 were China, the United States and India, with a combined 39% share of global consumption. Russia, Brazil, Bangladesh, Japan, Mexico, Turkey, France, Thailand, Spain and Australia lagged somewhat behind, together accounting for a further 32%.

What are the largest producers of glass fibre filaments in the world?

China constituted the country with the largest volume of glass fibre filament production, comprising approx. 33% of total volume. Moreover, glass fibre filament production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The United States ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of glass fibre filaments to Finland?

In value terms, Belgium constituted the largest supplier of glass fibre filament to Finland, comprising 51% of total imports. The second position in the ranking was occupied by the United States, with a 16% share of total imports. It was followed by Slovakia, with a 7.3% share.

What are the leading importers of glass fibre filaments from Finland?

In value terms, Austria emerged as the key foreign market for glass fibre filament exports from Finland, comprising 81% of total exports. The second position in the ranking was occupied by Estonia, with a 12% share of total exports.

What is the average export price for glass fibre filaments in Finland?

In 2021, the average glass fibre filament export price amounted to $1,149 per ton, reducing by -38.7% against the previous year.

What is the average import price for glass fibre filaments in Finland?

The average glass fibre filament import price stood at $1,194 per ton in 2021, remaining stable against the previous year.

This report provides an in-depth analysis of the glass fibre filament market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23141130 - Glass fibre filaments (including rovings)

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023