Finland: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in Finland

In 2022, the Finnish glass fibre and article market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a pronounced descent. Glass fibre and article consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Glass Fibres and Glass Fibre Articles in Finland

In value terms, glass fibre and article production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt shrinkage. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Glass Fibres and Glass Fibre Articles

Exports from Finland

In 2022, the amount of glass fibres and glass fibre articles exported from Finland fell markedly to X tons, reducing by X% against 2021. Overall, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass fibre and article exports dropped remarkably to $X in 2022. In general, exports showed a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Estonia (X tons) was the main destination for glass fibre and article exports from Finland, accounting for a X% share of total exports. Moreover, glass fibre and article exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X tons), twofold. Latvia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Estonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Latvia (X% per year).

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

In terms of the main countries of destination, Sweden, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average glass fibre and article export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Denmark ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibres and Glass Fibre Articles

Imports into Finland

In 2022, purchases abroad of glass fibres and glass fibre articles decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, glass fibre and article imports reduced to $X in 2022. In general, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Russia (X tons) and Sweden (X tons) were the main suppliers of glass fibre and article imports to Finland, together accounting for X% of total imports. Italy, the UK, Denmark, China, Egypt, the Czech Republic, Bahrain, Belgium, France and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of glass fibres and glass fibre articles to Finland, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average glass fibre and article import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, recorded resilient growth. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a 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 France ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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