Scandinavia: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Scandinavia

In 2021, the Scandinavia multiple-walled insulating glass unit market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Multiple-Walled Insulating Units Of Glass in Scandinavia

In value terms, multiple-walled insulating glass unit production expanded slightly to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 17% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports in Scandinavia

In 2021, the amount of multiple-walled insulating units of glass exported in Scandinavia reduced rapidly to X square meters, which is down by -35.7% on 2020 figures. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of 22%. Over the period under review, the exports attained the peak figure at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit exports contracted notably to $X in 2021. Overall, exports showed a deep contraction. The pace of growth was the most pronounced in 2014 when exports increased by 6.6% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Finland was the largest exporter of multiple-walled insulating units of glass in Scandinavia, with the volume of exports resulting at X square meters, which was approx. 79% of total exports in 2021. Sweden (X square meters) held the second position in the ranking, followed by Norway (X square meters). All these countries together held approx. 21% share of total exports.

Finland was also the fastest-growing in terms of the multiple-walled insulating units of glass exports, with a CAGR of -14.7% from 2012 to 2021. Norway (-21.0%) and Sweden (-28.8%) illustrated a downward trend over the same period. Finland (+28 p.p.) significantly strengthened its position in terms of the total exports, while Norway and Sweden saw its share reduced by -3% and -24.9% from 2012 to 2021, respectively.

In value terms, Finland ($X) remains the largest multiple-walled insulating glass unit supplier in Scandinavia, comprising 83% of total exports. The second position in the ranking was taken by Sweden ($X), with a 9.7% share of total exports.

In Finland, multiple-walled insulating glass unit exports plunged by an average annual rate of -14.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (-29.2% per year) and Norway (-20.4% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per square meter, picking up by 12% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 19% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2019 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 ($X per square meter), while Norway ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+0.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Multiple-Walled Insulating Units Of Glass

Imports in Scandinavia

In 2021, supplies from abroad of multiple-walled insulating units of glass increased by 7.2% to X square meters, rising for the second consecutive year after two years of decline. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +7.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 14% against the previous year. As a result, imports reached the peak of X square meters. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, multiple-walled insulating glass unit imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 16% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Sweden (X square meters) and Norway (X square meters) dominates imports structure, together mixing up 96% of total imports. Finland (X square meters) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +6.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest multiple-walled insulating glass unit importing markets in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

Sweden, with a CAGR of +3.1%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per square meter, picking up by 8.3% against the previous year. Overall, the import price, however, saw a pronounced decline. Over the period under review, import prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per square meter), while Finland ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform