Sweden: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Sweden

In 2021, the Swedish market for drawn glass and blown glass decreased by -25.1% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption showed a pronounced curtailment. Drawn glass and blown glass consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Sweden

In 2021, after two years of decline, there was significant growth in shipments abroad of drawn glass and blown glass, when their volume increased by 626% to X square meters. In general, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 when exports increased by 802%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, drawn glass and blown glass exports surged to $X in 2021. Overall, exports saw a slight increase. The growth pace was the most rapid in 2014 when exports increased by 718%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Norway (X square meters) was the main destination for drawn glass and blown glass exports from Sweden, accounting for a 69% share of total exports. Moreover, drawn glass and blown glass exports to Norway exceeded the volume sent to the second major destination, Malaysia (X square meters), fivefold. The United States (X square meters) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to Norway stood at +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (0.0% per year) and the United States (-11.1% per year).

In value terms, Norway ($X), Finland ($X) and the United States ($X) appeared to be the largest markets for drawn glass and blown glass exported from Sweden worldwide, with a combined 82% share of total exports. Australia, Malaysia and Lithuania lagged somewhat behind, together accounting for a further 15%.

Among the main countries of destination, Australia, with a CAGR of +652.0%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average export price for drawn glass and blown glass amounted to $X per square meter, waning by -37.9% against the previous year. In general, the export price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2019 when the average export price increased by 198%. As a result, the export price reached the peak level of $X per square meter. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per square meter), while the average price for exports to Lithuania ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+53.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports into Sweden

In 2021, approx. X square meters of drawn glass and blown glass were imported into Sweden; which is down by -7.6% compared with the year before. Overall, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 138%. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass imports contracted dramatically to $X in 2021. In general, imports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 106% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Latvia (X square meters), Germany (X square meters) and Japan (X square meters) were the main suppliers of drawn glass and blown glass imports to Sweden, with a combined 80% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +58.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest drawn glass and blown glass suppliers to Sweden were Germany ($X), Japan ($X) and Latvia ($X), with a combined 83% share of total imports.

In terms of the main suppliers, Japan, with a CAGR of +49.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for drawn glass and blown glass amounted to $X per square meter, waning by -23.8% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 59%. As a result, import price attained the peak level of $X per square meter. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per square meter), while the price for Lithuania ($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 Russia (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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