Scandinavia: Market for Glass Fibre Chopped Strands 2024

Market Size for Glass Fibre Chopped Strands in Scandinavia

The Scandinavia glass fibre chopped strand market dropped sharply to $X in 2021, which is down by -61.3% against the previous year. In general, consumption posted a significant expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Glass Fibre Chopped Strands in Scandinavia

In value terms, glass fibre chopped strand production declined notably to $X in 2021 estimated in export price. Overall, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 23,757%. Over the period under review, production reached the peak level at $X in 2020, and then declined remarkably in the following year.

Exports of Glass Fibre Chopped Strands

Exports in Scandinavia

In 2021, approx. X tons of glass fibre chopped strands were exported in Scandinavia; increasing by 30% compared with the year before. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 152%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, glass fibre chopped strand exports surged to $X in 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 119% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Denmark prevails in exports structure, recording X tons, which was near 93% of total exports in 2021. It was distantly followed by Finland (X tons), generating a 6.9% share of total exports.

Denmark was also the fastest-growing in terms of the glass fibre chopped strands exports, with a CAGR of +100.2% from 2012 to 2021. At the same time, Finland (+13.4%) displayed positive paces of growth. Denmark (+88 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -58.1% from 2012 to 2021, respectively.

In value terms, Denmark ($X) remains the largest glass fibre chopped strand supplier in Scandinavia, comprising 83% of total exports. The second position in the ranking was held by Finland ($X), with a 16% share of total exports.

In Denmark, glass fibre chopped strand exports increased at an average annual rate of +42.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, surging by 5.8% against the previous year. In general, the export price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 58% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat lower figure.

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 Finland ($X per ton), while Denmark totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-2.7%).

Imports of Glass Fibre Chopped Strands

Imports in Scandinavia

In 2021, the amount of glass fibre chopped strands imported in Scandinavia soared to X tons, growing by 17% compared with 2020 figures. Overall, imports, however, recorded a abrupt contraction. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, glass fibre chopped strand imports skyrocketed to $X in 2021. In general, imports, however, saw a drastic downturn. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Sweden dominates imports structure, accounting for X tons, which was approx. 88% of total imports in 2021. It was distantly followed by Norway (X tons), constituting a 9.8% share of total imports. Denmark (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the glass fibre chopped strands imports, with a CAGR of +9.3% from 2012 to 2021. Norway (-2.1%) and Denmark (-7.3%) illustrated a downward trend over the same period. Sweden (+67 p.p.) and Norway (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported glass fibre chopped strands in Scandinavia, comprising 85% of total imports. The second position in the ranking was held by Norway ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Sweden amounted to +7.3%. The remaining importing countries recorded the following average annual rates of imports growth: Norway (-14.3% per year) and Denmark (-12.6% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, growing by 6.1% against the previous year. In general, the import price, however, continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when the import price increased by 7.9% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 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 Denmark ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform