Finland: Glass Closure Market 2025

Glass Closure Market Size in Finland

The Finnish glass closure market fell modestly to $X in 2022, waning by -3.1% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.3% against 2020 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Glass Closure Production in Finland

In value terms, glass closure production reduced slightly to $X in 2022 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 88% against the previous year. Glass closure production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Glass Closure Exports

Exports from Finland

In 2022, overseas shipments of glass stoppers, lids and other closures decreased by -9.3% to X kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2016 when exports increased by 4,764% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass closure exports declined sharply to $X in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 2,487% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Estonia (X kg), the United States (X kg) and Russia (X kg) were the main destinations of glass closure exports from Finland, together accounting for 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +293.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Estonia ($X) emerged as the key foreign market for glass stoppers, lids and other closures exports from Finland, comprising 57% of total exports. The second position in the ranking was taken by the United States ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia totaled +276.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+57.2% per year) and Russia (+0.8% per year).

Export Prices by Country

In 2022, the average glass closure export price amounted to $X per ton, with a decrease of -45.6% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 137% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the United States ($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 Norway (+172.5%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Closure Imports

Imports into Finland

In 2022, after three years of decline, there was significant growth in overseas purchases of glass stoppers, lids and other closures, when their volume increased by 69% to X tons. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 521%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, glass closure imports skyrocketed to $X in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 351%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of glass closure to Finland, accounting for a 88% share of total imports. Moreover, glass closure imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +48.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+49.9% per year) and Italy (-4.5% per year).

In value terms, China ($X) constituted the largest supplier of glass stoppers, lids and other closures to Finland, comprising 85% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +47.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+47.5% per year) and Italy (-8.5% per year).

Import Prices by Country

The average glass closure import price stood at $X per ton in 2022, approximately mirroring the previous year. In general, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of 21% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($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 (+18.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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