Sweden: 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 Sweden

In 2021, the Swedish non-woven glass fibre articles market decreased by -29% to $X, falling for the fifth year in a row after three years of growth. In general, consumption recorded a pronounced curtailment. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

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

In value terms, non-woven glass fibre articles production contracted to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 259% against the previous year. Non-woven glass fibre articles production peaked 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 from Sweden

In 2021, after two years of decline, there was significant growth in overseas shipments of non-woven glass fibre webs, felts, mattresses and boards, when their volume increased by 8.7% to X tons. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 11%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, non-woven glass fibre articles exports expanded rapidly to $X in 2021. The total export value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 20% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons), France (X tons) and the UK (X tons) were the main destinations of non-woven glass fibre articles exports from Sweden, with a combined 38% share of total exports. Norway, Israel, Denmark, Finland, Poland, the Netherlands, Russia and Switzerland lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +20.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for non-woven glass fibre webs, felts, mattresses and boards exports from Sweden, comprising 25% of total exports. The second position in the ranking was held by France ($X), with a 9.7% share of total exports. It was followed by Denmark, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.2% per year) and Denmark (+0.9% per year).

Export Prices by Country

In 2021, the average non-woven glass fibre articles export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 an increase of 18%. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Sweden

In 2021, supplies from abroad of non-woven glass fibre webs, felts, mattresses and boards decreased by -10% to X tons, falling for the third consecutive year after two years of growth. In general, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of 25%. Over the period under review, imports reached the maximum 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 shrank to $X in 2021. Overall, imports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The UK (X tons), Poland (X tons) and Denmark (X tons) were the main suppliers of non-woven glass fibre articles imports to Sweden, together accounting for 77% of total imports. Finland, Russia, Germany and the United States lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +83.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Poland ($X) and Finland ($X) constituted the largest non-woven glass fibre articles suppliers to Sweden, with a combined 75% share of total imports. The UK, Germany, Russia and the United States lagged somewhat behind, together comprising a further 17%.

Russia, with a CAGR of +88.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-woven glass fibre articles import price stood at $X per ton in 2021, growing by 7.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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