Scandinavia: Safety Glass Market 2024

Safety Glass Market Size in Scandinavia

After two years of growth, the Scandinavia safety glass market decreased by -10% to $X in 2022. The market value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Safety Glass Production in Scandinavia

In value terms, safety glass production surged to $X in 2022 estimated in export price. In general, production, however, showed a perceptible setback. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Safety Glass Exports

Exports in Scandinavia

In 2022, the amount of safety glass exported in Scandinavia expanded modestly to X square meters, increasing by 3.6% compared with 2021 figures. Overall, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 76%. Over the period under review, the exports attained the peak figure at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, safety glass exports shrank to $X in 2022. Over the period under review, exports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 18%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Finland (X square meters) represented the largest exporter of safety glass, achieving 71% of total exports. It was distantly followed by Sweden (X square meters), mixing up a 27% share of total exports. Norway (X square meters) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to safety glass exports from Finland stood at -3.6%. Norway (-2.4%) and Sweden (-12.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland increased by +21 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest safety glass supplying countries in Scandinavia were Finland ($X), Sweden ($X) and Norway ($X).

In terms of the main exporting countries, Norway, with a CAGR of -3.1%, saw the highest growth rate of 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 square meter in 2022, with a decrease of -12.5% against the previous year. Overall, the export price, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2019 when the export price increased by 125% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per square meter), while Finland ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+9.7%), while the other leaders experienced a decline in the export price figures.

Safety Glass Imports

Imports in Scandinavia

In 2022, after two years of growth, there was decline in overseas purchases of safety glass, when their volume decreased by -0.7% to X square meters. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 16%. Over the period under review, imports reached the maximum at X square meters in 2021, and then fell modestly in the following year.

In value terms, safety glass imports fell to $X in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 23%. Over the period under review, imports reached the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

Sweden (X square meters) and Finland (X square meters) represented the largest importers of safety glass in 2022, amounting to approx. 48% and 32% of total imports, respectively. It was distantly followed by Norway (X square meters), comprising a 20% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Finland (with a CAGR of +11.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constitutes the largest market for imported safety glass in Scandinavia, comprising 53% of total imports. The second position in the ranking was taken by Finland ($X), with a 25% share of total imports.

In Sweden, safety glass imports expanded at an average annual rate of +3.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (+9.1% per year) and Norway (+1.7% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per square meter in 2022, which is down by -13.4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 21%. As a result, import price reached the peak level of $X per square meter. From 2020 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per square meter), while Finland ($X per square meter) was amongst the lowest.

From 2012 to 2022, 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 import price figures.

Source: IndexBox Platform