Sweden: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Sweden

In 2022, the Swedish glass fibre fabrics market decreased by -0.9% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption recorded buoyant growth. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped in the following year.

Glass Fibre Fabrics Production in Sweden

In value terms, glass fibre fabrics production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced increase. The pace of growth was the most pronounced in 2018 with an increase of 85% against the previous year. Glass fibre fabrics production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Glass Fibre Fabrics Exports

Exports from Sweden

In 2022, after nine years of decline, there was significant growth in shipments abroad of glass fibre fabrics, when their volume increased by 70% to X tons. Overall, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, glass fibre fabrics exports skyrocketed to $X in 2022. In general, exports, however, recorded a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Denmark (X tons), Norway (X tons) and France (X tons) were the main destinations of glass fibre fabrics exports from Sweden, together comprising 54% of total exports. The Netherlands, Belgium, Finland, China, Hungary, Luxembourg and Russia lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +14.8%), while shipments for the other leaders experienced a decline.

In value terms, France ($X), Norway ($X) and Denmark ($X) appeared to be the largest markets for glass fibre fabrics exported from Sweden worldwide, together accounting for 57% of total exports. The Netherlands, Belgium, China, Finland, Hungary, Luxembourg and Russia lagged somewhat behind, together accounting for a further 28%.

In terms of the main countries of destination, China, with a CAGR of +12.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average glass fibre fabrics export price amounted to $X per ton, dropping by -3.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 an increase of 24%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 France ($X per ton), while the average price for exports to Finland ($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 Russia (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Fabrics Imports

Imports into Sweden

In 2022, imports of glass fibre fabrics into Sweden contracted to X tons, waning by -7.8% against the year before. In general, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 18% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, glass fibre fabrics imports shrank to $X in 2022. Over the period under review, imports recorded a slight contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Finland (X tons) constituted the largest supplier of glass fibre fabrics to Sweden, with a 28% share of total imports. Moreover, glass fibre fabrics imports from Finland exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. China (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from Finland stood at +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.5% per year) and China (-6.1% per year).

In value terms, Germany ($X), the UK ($X) and Finland ($X) appeared to be the largest glass fibre fabrics suppliers to Sweden, together accounting for 40% of total imports. The Czech Republic, Poland, Belgium, China, France, Latvia, Denmark, Italy, Norway and Turkey lagged somewhat behind, together comprising a further 52%.

Among the main suppliers, Poland, with a CAGR of +28.5%, saw the highest rates of growth with regard to 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 2022, the average glass fibre fabrics import price amounted to $X per ton, falling by -3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2014 when the average import price increased by 24% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 the UK ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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