Sweden: Glass Fiber Market 2024

Glass Fiber Market Size in Sweden

In 2021, the Swedish glass fiber market was finally on the rise to reach $X after three years of decline. Overall, consumption showed a abrupt decrease. Glass fiber consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Glass Fiber Production in Sweden

In value terms, glass fiber production surged to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 73%. Glass fiber production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Glass Fiber Exports

Exports from Sweden

In 2021, shipments abroad of voiles, webs, mats and other articles of glass fibers was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +3.4% 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 2014 when exports increased by 22%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, glass fiber exports soared to $X in 2021. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Denmark (X tons), the UK (X tons) and Norway (X tons) were the main destinations of glass fiber exports from Sweden, together accounting for 47% of total exports. These countries were followed by Germany, France, China, Israel, Finland, Poland, the Netherlands, Russia and the United States, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +22.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Denmark ($X) and China ($X) appeared to be the largest markets for glass fiber exported from Sweden worldwide, with a combined 43% share of total exports.

Among the main countries of destination, China, with a CAGR of +22.6%, saw the highest growth rate of 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

The average glass fiber export price stood at $X per ton in 2021, surging by 4.9% against the previous year. In general, the export price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 22%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 Finland (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fiber Imports

Imports into Sweden

In 2021, supplies from abroad of voiles, webs, mats and other articles of glass fibers decreased by -2.6% to X tons, falling for the third year in a row after two years of growth. In general, imports recorded a slight contraction. The most prominent rate of growth was recorded in 2014 with an increase of 16%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, glass fiber imports rose remarkably to $X in 2021. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 13%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Denmark (X tons), the UK (X tons) and Poland (X tons) were the main suppliers of glass fiber imports to Sweden, with a combined 59% share of total imports. These countries were followed by Germany, Finland, France, China, Russia, Belgium and the Netherlands, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +126.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fiber suppliers to Sweden were Denmark ($X), Germany ($X) and China ($X), with a combined 59% share of total imports. These countries were followed by Poland, the UK, Finland, France, the Netherlands, Belgium and Russia, which together accounted for a further 33%.

Russia, with a CAGR of +81.6%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 glass fiber import price stood at $X per ton in 2021, rising by 13% against the previous year. In general, the import price, however, saw a noticeable setback. The pace of growth was the most pronounced in 2016 when the average import price increased by 22%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 China ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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