Finland: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Finland

The Finnish glass fibre fabrics market soared to $X in 2022, increasing by 44% against the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Glass fibre fabrics consumption peaked in 2022 and is expected to retain growth in the near future.

Glass Fibre Fabrics Production in Finland

In value terms, glass fibre fabrics production declined to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 31% against the previous year. As a result, production reached the peak level of $X, and then reduced in the following year.

Glass Fibre Fabrics Exports

Exports from Finland

Glass fibre fabrics exports from Finland contracted dramatically to X tons in 2022, which is down by -98.2% compared with the year before. In general, exports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 5,914%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, glass fibre fabrics exports dropped dramatically to $X in 2022. Overall, exports showed a dramatic downturn. The growth pace was the most rapid in 2021 with an increase of 1,913% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for glass fibre fabrics exports from Finland, accounting for a 56% share of total exports. Moreover, glass fibre fabrics exports to Sweden exceeded the volume sent to the second major destination, Estonia (X tons), fourfold. Russia (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled -24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-11.8% per year) and Russia (-26.2% per year).

In value terms, the largest markets for glass fibre fabrics exported from Finland were Estonia ($X), Sweden ($X) and Russia ($X), together comprising 81% of total exports. China, the United Arab Emirates, Uruguay and Germany lagged somewhat behind, together accounting for a further 14%.

The United Arab Emirates, with a CAGR of +39.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glass fibre fabrics export price stood at $X per ton in 2022, surging by 295% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when the average export price increased by 376%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Uruguay ($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 Mexico (+67.5%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Fabrics Imports

Imports into Finland

In 2022, glass fibre fabrics imports into Finland reduced slightly to X tons, with a decrease of -3.7% on the previous year. Over the period under review, imports showed a perceptible curtailment. The growth pace was the most rapid in 2014 with an increase of 11%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, glass fibre fabrics imports dropped modestly to $X in 2022. In general, imports recorded a pronounced setback. The pace of growth was the most pronounced in 2021 when imports increased by 11%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Spain (X tons) were the main suppliers of glass fibre fabrics imports to Finland, with a combined 48% share of total imports. Egypt, France, China, the UK, Latvia, Sweden and Turkey lagged somewhat behind, together comprising a further 43%.

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 +68.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the UK ($X) and Germany ($X) appeared to be the largest glass fibre fabrics suppliers to Finland, together comprising 49% of total imports. The Czech Republic, Spain, China, Sweden, Latvia, Egypt and Turkey lagged somewhat behind, together comprising a further 33%.

Egypt, with a CAGR of +63.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average glass fibre fabrics import price stood at $X per ton in 2022, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2019 an increase of 16%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then reduced in the following year.

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 ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+80.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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