Sweden: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Sweden

The Swedish glass in the mass market soared to $X in 2022, with an increase of 44% against the previous year. In general, consumption, however, recorded a noticeable contraction. Glass in the mass consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Glass in The Mass in Sweden

In value terms, glass in the mass production fell slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight slump. The growth pace was the most rapid in 2013 with an increase of 17%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Glass in The Mass

Exports from Sweden

Glass in the mass exports from Sweden reduced notably to X tons in 2022, waning by -19.2% on 2021. Over the period under review, total exports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.0% against 2018 indices. The pace of growth was the most pronounced in 2021 when exports increased by 42% against the previous year. Over the period under review, the glass in mass exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass in the mass exports declined remarkably to $X in 2022. In general, exports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 66% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Denmark (X tons), Norway (X tons) and the UK (X tons) were the main destinations of glass in the mass exports from Sweden, with a combined 91% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +3.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Denmark ($X), the UK ($X) and Norway ($X) were the largest markets for glass in the mass exported from Sweden worldwide, together comprising 93% of total exports.

Denmark, with a CAGR of +1.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average glass in the mass export price stood at $X per ton in 2022, dropping by -8.9% against the previous year. Overall, the export price showed a perceptible setback. The growth pace was the most rapid in 2013 an increase of 20% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Glass in The Mass

Imports into Sweden

In 2022, imports of glass in the mass into Sweden fell significantly to X tons, reducing by -48.1% against 2021. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 205% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, glass in the mass imports fell rapidly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 144%. Over the period under review, glass in mass imports attained the peak figure at $X in 2021, and then fell markedly in the following year.

Imports by Country

In 2022, the UK (X tons) constituted the largest glass in the mass supplier to Sweden, accounting for a 66% share of total imports. Moreover, glass in the mass imports from the UK exceeded the figures recorded by the second-largest supplier, Norway (X tons), sixfold. China (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-16.9% per year) and China (+15.9% per year).

In value terms, the UK ($X) constituted the largest supplier of glass in the mass to Sweden, comprising 68% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Denmark, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.0% per year) and Denmark (-0.5% per year).

Import Prices by Country

The average glass in the mass import price stood at $X per ton in 2022, increasing by 30% against the previous year. Over the period under review, the import price enjoyed a temperate expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 113% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+41.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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