Scandinavia: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Scandinavia

The Scandinavia non-woven glass fibre articles market reduced dramatically to $X in 2021, which is down by -19.8% against the previous year. Overall, consumption recorded a slight decrease. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Scandinavia

In value terms, non-woven glass fibre articles production contracted modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2014 when the production volume increased by 112% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports in Scandinavia

In 2021, overseas shipments of non-woven glass fibre webs, felts, mattresses and boards were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -13.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 29%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-woven glass fibre articles exports expanded markedly to $X in 2021. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 22%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X tons) and Sweden (X tons) represented roughly 82% of total exports in 2021. Denmark (X tons) ranks next in terms of the total exports with a 14% share, followed by Norway (4.7%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Denmark (with a CAGR of +8.2%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the largest non-woven glass fibre articles supplier in Scandinavia, comprising 65% of total exports. The second position in the ranking was held by Finland ($X), with a 19% share of total exports. It was followed by Denmark, with a 14% share.

From 2012 to 2021, the average annual growth rate of value in Sweden stood at +2.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+6.5% per year) and Denmark (+6.4% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, picking up by 5.6% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by 12% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports in Scandinavia

In 2021, overseas purchases of non-woven glass fibre webs, felts, mattresses and boards decreased by -15.5% to X tons, falling for the third year in a row after seven years of growth. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 34% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, non-woven glass fibre articles imports contracted to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 20%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Denmark (X tons) represented the major importer of non-woven glass fibre webs, felts, mattresses and boards, constituting 48% of total imports. Sweden (X tons) ranks second in terms of the total imports with a 25% share, followed by Norway (15%) and Finland (12%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (with a CAGR of +5.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) constituted the countries with the highest levels of imports in 2021, together comprising 86% of total imports.

Denmark, with a CAGR of +0.5%, recorded 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

The import price in Scandinavia stood at $X per ton in 2021, increasing by 7.8% against the previous year. Overall, the import price, however, showed a perceptible curtailment. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform