Scandinavia: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in Scandinavia

The Scandinavia glass fibre and article market soared to $X in 2022, rising by X% against the previous year. In general, consumption, however, saw a pronounced curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Glass Fibres and Glass Fibre Articles in Scandinavia

In value terms, glass fibre and article production soared to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced downturn. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Glass Fibres and Glass Fibre Articles

Exports in Scandinavia

In 2022, exports of glass fibres and glass fibre articles in Scandinavia reduced dramatically to X tons, which is down by X% against the year before. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, glass fibre and article exports declined to $X in 2022. Over the period under review, exports showed a slight decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Norway was the key exporting country with an export of about X tons, which amounted to X% of total exports. Finland (X tons) ranks second in terms of the total exports with a X% share, followed by Sweden (X%).

Norway was also the fastest-growing in terms of the glass fibres and glass fibre articles exports, with a CAGR of X% from 2012 to 2022. Sweden (X%) and Finland (X%) illustrated a downward trend over the same period. While the share of Norway (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (X p.p.) and Finland (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual growth rate of value in Sweden was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (X% per year) and Finland (X% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced a decline in the export price figures.

Imports of Glass Fibres and Glass Fibre Articles

Imports in Scandinavia

In 2022, after two years of growth, there was decline in purchases abroad of glass fibres and glass fibre articles, when their volume decreased by X% to X tons. Overall, imports recorded a pronounced slump. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, glass fibre and article imports reached $X in 2022. Over the period under review, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Sweden represented the key importer of glass fibres and glass fibre articles in Scandinavia, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Norway (X tons) ranks second in terms of the total imports with a X% share, followed by Finland (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Norway (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest glass fibre and article importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Norway, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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

The import price in Scandinavia stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Finland ($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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform