Finland: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in Finland

The Finnish glass fibre mat market fell markedly to $X in 2022, with a decrease of -16.2% against the previous year. Overall, consumption showed a pronounced slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Glass Fibre Mat Production in Finland

In value terms, glass fibre mat production rose rapidly to $X in 2022 estimated in export price. Overall, production, however, faced a sharp slump. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Glass Fibre Mat Exports

Exports from Finland

In 2022, exports of glass fibre mats from Finland contracted rapidly to X tons, falling by -49.3% compared with 2021. Overall, exports recorded a dramatic contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, glass fibre mat exports reduced notably to $X in 2022. Over the period under review, exports recorded a sharp slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X tons) was the main destination for glass fibre mat exports from Finland, accounting for a 92% share of total exports. It was followed by Austria (X kg), with a 2.1% share of total exports. The third position in this ranking was taken by Germany (X kg), with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-32.7% per year) and Germany (-39.9% per year).

In value terms, Denmark ($X) remains the key foreign market for glass fibre mats exports from Finland, comprising 83% of total exports. The second position in the ranking was held by Germany ($X), with a 4.4% share of total exports. It was followed by France, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value to Denmark stood at +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-25.0% per year) and France (-33.4% per year).

Export Prices by Country

The average glass fibre mat export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 an increase of 4.1%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+45.7%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Mat Imports

Imports into Finland

In 2022, the amount of glass fibre mats imported into Finland contracted sharply to X tons, with a decrease of -19.2% on the year before. In general, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 63% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, glass fibre mat imports dropped remarkably to $X in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. As a result, imports reached the peak of $X, and then fell dramatically in the following year.

Imports by Country

Germany (X tons), Egypt (X tons) and Italy (X tons) were the main suppliers of glass fibre mat imports to Finland, together comprising 68% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +29.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of glass fibre mats to Finland, comprising 51% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by Egypt, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.8% per year) and Egypt (+26.0% per year).

Import Prices by Country

In 2022, the average glass fibre mat import price amounted to $X per ton, growing by 2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 an increase of 18% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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