Scandinavia: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in Scandinavia

In 2021, the Scandinavia glass fibre filament market increased by 14% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, showed a noticeable decrease. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Glass Fibre Filament Production in Scandinavia

In value terms, glass fibre filament production rose sharply to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 17%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Glass Fibre Filament Exports

Exports in Scandinavia

In 2021, the amount of glass fibre filaments exported in Scandinavia rose markedly to X tons, with an increase of 12% against the year before. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +95.8% against 2012 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 19%. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, glass fibre filament exports expanded sharply to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +107.6% against 2012 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Norway was the major exporter of glass fibre filaments in Scandinavia, with the volume of exports amounting to X tons, which was approx. 65% of total exports in 2021. Denmark (X tons) took the second position in the ranking, distantly followed by Sweden (X tons). All these countries together took near 35% share of total exports.

Exports from Norway increased at an average annual rate of +3.8% from 2012 to 2021. At the same time, Denmark (+34.7%) and Sweden (+14.2%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +34.7% from 2012-2021. From 2012 to 2021, the share of Denmark and Sweden increased by +25 and +2.4 percentage points, respectively.

In value terms, the largest glass fibre filament supplying countries in Scandinavia were Norway ($X), Denmark ($X) and Sweden ($X), with a combined 100% share of total exports.

Among the main exporting countries, Denmark, with a CAGR of +26.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, stabilizing at the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 12% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (-0.6%), while the other leaders experienced a decline in the export price figures.

Glass Fibre Filament Imports

Imports in Scandinavia

In 2021, purchases abroad of glass fibre filaments increased by 10% to X tons, rising for the third consecutive year after two years of decline. Overall, imports enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 197% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, glass fibre filament imports surged to $X in 2021. Over the period under review, imports saw a temperate increase. The most prominent rate of growth was recorded in 2020 when imports increased by 154% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

In 2021, Denmark (X tons) was the largest importer of glass fibre filaments, creating 79% of total imports. It was distantly followed by Sweden (X tons), mixing up a 19% share of total imports. Norway (X tons) followed a long way behind the leaders.

Denmark was also the fastest-growing in terms of the glass fibre filaments imports, with a CAGR of +20.1% from 2012 to 2021. At the same time, Sweden (+5.5%) displayed positive paces of growth. By contrast, Norway (-12.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark and Sweden increased by +58 and +2.7 percentage points, respectively.

In value terms, Denmark ($X) constitutes the largest market for imported glass fibre filaments in Scandinavia, comprising 76% of total imports. The second position in the ranking was taken by Sweden ($X), with a 21% share of total imports.

In Denmark, glass fibre filament imports increased at an average annual rate of +15.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (+4.3% per year) and Norway (-7.8% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, rising by 7.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+5.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform