Scandinavia: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Scandinavia

For the third consecutive year, the Scandinavia glass in the mass market recorded growth in sales value, which increased by 4.3% to $X in 2022. In general, consumption posted a prominent increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Glass in The Mass in Scandinavia

In value terms, glass in the mass production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when the production volume increased by 43%. As a result, production attained the peak level of $X, and then reduced in the following year.

Exports of Glass in The Mass

Exports in Scandinavia

In 2022, the amount of glass in the mass exported in Scandinavia declined markedly to X tons, which is down by -21.7% on the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 56% against the previous year. As a result, the exports reached the peak of X tons, and then dropped notably in the following year.

In value terms, glass in the mass exports declined rapidly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 108% against the previous year. As a result, the exports attained the peak of $X, and then declined significantly in the following year.

Exports by Country

Sweden (X tons) and Norway (X tons) represented the major exporters of glass in the mass in 2022, accounting for approx. 45% and 44% of total exports, respectively. It was distantly followed by Finland (X tons), achieving a 12% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Norway (with a CAGR of +9.9%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Norway ($X), Finland ($X) and Sweden ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 99.9% of total exports.

In terms of the main exporting countries, Norway, with a CAGR of +10.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, falling by -12.7% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 33%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, 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 (+10.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Glass in The Mass

Imports in Scandinavia

In 2022, approx. X tons of glass in the mass were imported in Scandinavia; reducing by -44% against the previous year's figure. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 97% against the previous year. As a result, imports attained the peak of X tons, and then shrank rapidly in the following year.

In value terms, glass in the mass imports stood at $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.7% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 40%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Norway prevails in imports structure, resulting at X tons, which was approx. 84% of total imports in 2022. Finland (X tons) ranks second in terms of the total imports with an 8.2% share, followed by Sweden (7.9%).

Norway was also the fastest-growing in terms of the glass in the mass imports, with a CAGR of +7.6% from 2012 to 2022. At the same time, Finland (+2.0%) displayed positive paces of growth. By contrast, Sweden (-5.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Norway increased by +18 percentage points.

In value terms, Norway ($X) constitutes the largest market for imported glass in the mass in Scandinavia, comprising 67% of total imports. The second position in the ranking was held by Finland ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Norway amounted to +1.6%. In the other countries, the average annual rates were as follows: Finland (+13.4% per year) and Sweden (-0.8% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, growing by 80% against the previous year. Overall, the import price, however, saw a perceptible reduction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, 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 (+11.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform