Scandinavia: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Scandinavia

In 2022, the Scandinavia glass fibre fabrics market increased by 0.9% to $X, rising for the fifth year in a row after three years of decline. Overall, consumption continues to indicate a buoyant increase. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Glass Fibre Fabrics Production in Scandinavia

In value terms, glass fibre fabrics production reached $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.5% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 73% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Glass Fibre Fabrics Exports

Exports in Scandinavia

In 2022, the amount of glass fibre fabrics exported in Scandinavia plummeted to X tons, waning by -46.5% on the previous year. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 36%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, glass fibre fabrics exports reduced markedly to $X in 2022. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 2.7%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden was the main exporting country with an export of around X tons, which finished at 84% of total exports. It was distantly followed by Norway (X tons), constituting a 13% share of total exports. Finland (X tons) held a relatively small share of total exports.

Exports from Sweden decreased at an average annual rate of -14.2% from 2012 to 2022. At the same time, Norway (+15.2%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +15.2% from 2012-2022. By contrast, Finland (-36.0%) illustrated a downward trend over the same period. While the share of Sweden (+18 p.p.) and Norway (+13 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Finland (-30.6 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) emerged as the largest glass fibre fabrics supplier in Scandinavia, comprising 86% of total exports. The second position in the ranking was held by Norway ($X), with a 9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden stood at -13.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (+12.1% per year) and Finland (-23.8% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, surging by 38% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2017 an increase of 39%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+19.0%), while the other leaders experienced mixed trends in the export price figures.

Glass Fibre Fabrics Imports

Imports in Scandinavia

In 2022, approx. X tons of glass fibre fabrics were imported in Scandinavia; waning by -7% compared with 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, glass fibre fabrics imports declined to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 19%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

Sweden (X tons) and Norway (X tons) were the largest importers of glass fibre fabrics in 2022, reaching near 45% and 39% of total imports, respectively. It was distantly followed by Finland (X tons), mixing up a 16% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +4.6%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2022.

Norway, with a CAGR of +5.5%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 when the import price increased by 11%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform