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

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

In 2021, the Swedish 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. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Multiple-Walled Insulating Units Of Glass in Sweden

In value terms, multiple-walled insulating glass unit production totaled $X in 2021 estimated in export price. In general, production, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 14% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Sweden

In 2021, the amount of multiple-walled insulating units of glass exported from Sweden contracted rapidly to X square meters, declining by -46.6% against 2020. Overall, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 38%. As a result, the exports attained the peak of X square meters. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, multiple-walled insulating glass unit exports reduced notably to $X in 2021. Over the period under review, exports showed a sharp contraction. The growth pace was the most rapid in 2015 when exports increased by 11%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Finland (X square meters) was the main destination for multiple-walled insulating glass unit exports from Sweden, accounting for a 54% share of total exports. Moreover, multiple-walled insulating glass unit exports to Finland exceeded the volume sent to the second major destination, Norway (X square meters), twofold. The third position in this ranking was held by the UK (X square meters), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Finland stood at +28.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-38.0% per year) and the UK (-25.5% per year).

In value terms, the largest markets for multiple-walled insulating glass unit exported from Sweden were Finland ($X), Norway ($X) and the UK ($X), with a combined 83% share of total exports. These countries were followed by France, Denmark and Spain, which together accounted for a further 13%.

Spain, with a CAGR of +383.7%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average multiple-walled insulating glass unit export price amounted to $X per square meter, surging by 24% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 25% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per square meter), while the average price for exports to Finland ($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 Spain (+30.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Sweden

In 2021, purchases abroad of multiple-walled insulating units of glass increased by 3.4% to X square meters, rising for the second year in a row after two years of decline. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.5% 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 +3.7% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 19%. Imports peaked at X square meters in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit imports surged to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 21% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Poland (X square meters) constituted the largest supplier of multiple-walled insulating glass unit to Sweden, accounting for a 82% share of total imports. Moreover, multiple-walled insulating glass unit imports from Poland exceeded the figures recorded by the second-largest supplier, Estonia (X square meters), more than tenfold. The third position in this ranking was held by China (X square meters), with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from Poland totaled +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (-3.0% per year) and China (+14.0% per year).

In value terms, Poland ($X) constituted the largest supplier of multiple-walled insulating units of glass to Sweden, comprising 72% of total imports. The second position in the ranking was held by Estonia ($X), with an 11% share of total imports. It was followed by Germany, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value from Poland amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (-0.7% per year) and Germany (-8.1% per year).

Import Prices by Country

The average multiple-walled insulating glass unit import price stood at $X per square meter in 2021, picking up by 11% against the previous year. In general, the import price, however, recorded a pronounced decline. Over the period under review, average import prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for China ($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 Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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