Finland: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2025

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Finland

After five years of decline, the Finnish market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 7.2% to $X in 2021. In general, consumption, however, saw a precipitous descent. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Finland

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles expanded notably to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2013 with an increase of 58% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports from Finland

Exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Finland skyrocketed to X tons in 2021, surging by 114% on 2020 figures. Overall, exports, however, saw a slight slump. The most prominent rate of growth was recorded in 2015 when exports increased by 275% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021. Over the period under review, exports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 156%. Over the period under review, the exports of attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Finland, with a 82% share of total exports. Moreover, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Russia exceeded the volume sent to the second major destination, Austria (X tons), fivefold. The third position in this ranking was taken by the UK (X tons), with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia amounted to +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+50.9% per year) and the UK (-30.5% per year).

In value terms, Russia ($X) remains the key foreign market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles exports from Finland, comprising 77% of total exports. The second position in the ranking was held by Austria ($X), with a 14% share of total exports. It was followed by the UK, with a 0.9% share.

From 2012 to 2021, the average annual growth rate of value to Russia totaled +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+46.2% per year) and the UK (-28.4% per year).

Export Prices by Country

The average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2021, reducing by -13.1% against the previous year. Overall, the export price showed a mild slump. The pace of growth was the most pronounced in 2014 an increase of 50%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Austria ($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 Germany (+115.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports into Finland

After five years of decline, supplies from abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 44% to X tons in 2021. Over the period under review, imports, however, faced a sharp descent. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles skyrocketed to $X in 2021. In general, imports, however, recorded a dramatic slump. Over the period under review, imports of hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Bahrain (X tons) constituted the largest supplier of glass fibre filament, roving, and staple glass fibre article to Finland, with a 89% share of total imports. Moreover, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Bahrain exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), more than tenfold. The third position in this ranking was taken by China (X tons), with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bahrain amounted to +100.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-6.6% per year) and China (-60.8% per year).

In value terms, Bahrain ($X) constituted the largest supplier of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Finland, comprising 60% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 19% share of total imports. It was followed by the UK, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value from Bahrain totaled +72.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-6.7% per year) and the UK (-38.5% per year).

Import Prices by Country

In 2021, the average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, shrinking by -4.4% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 6.1% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+55.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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