Finland: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Finland

In 2022, the Finnish glass in the mass market increased by 9.5% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed significant growth. Glass in the mass consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Glass in The Mass in Finland

In value terms, glass in the mass production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 13%. Over the period under review, glass in mass production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Glass in The Mass

Exports from Finland

In 2022, glass in the mass exports from Finland declined rapidly to X tons, which is down by -72.8% compared with 2021 figures. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 113% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, glass in the mass exports reduced markedly to $X in 2022. Overall, exports showed a noticeable descent. The pace of growth appeared the most rapid in 2021 with an increase of 197%. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

The UK (X tons) was the main destination for glass in the mass exports from Finland, with a 60% share of total exports. Moreover, glass in the mass exports to the UK exceeded the volume sent to the second major destination, Estonia (X tons), threefold. The third position in this ranking was held by Spain (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+9.3% per year) and Spain (-8.4% per year).

In value terms, the UK ($X) emerged as the key foreign market for glass in the mass exports from Finland, comprising 52% of total exports. The second position in the ranking was taken by Estonia ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+13.9% per year) and the Netherlands (-3.7% per year).

Export Prices by Country

The average glass in the mass export price stood at $X per ton in 2022, increasing by 49% against the previous year. Over the period under review, the export price posted a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Estonia ($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 the Netherlands (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass in The Mass

Imports into Finland

In 2022, glass in the mass imports into Finland fell significantly to X tons, declining by -92.5% compared with 2021. In general, imports, however, continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2021 with an increase of 889%. As a result, imports attained the peak of X tons, and then contracted notably in the following year.

In value terms, glass in the mass imports reduced markedly to $X in 2022. Overall, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 121%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Estonia (X tons), Denmark (X tons) and the UK (X tons) were the main suppliers of glass in the mass imports to Finland, together comprising 95% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +37.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Estonia ($X) constituted the largest supplier of glass in the mass to Finland, comprising 73% of total imports. The second position in the ranking was taken by Denmark ($X), with a 14% share of total imports. It was followed by the UK, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Estonia totaled +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+24.4% per year) and the UK (+38.3% per year).

Import Prices by Country

In 2022, the average glass in the mass import price amounted to $X per ton, picking up by 831% against the previous year. In general, the import price recorded buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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