Scandinavia: Flat Glass Market 2024

Flat Glass Market Size in Scandinavia

In 2021, the Scandinavia flat glass market decreased by -12% to $X for the first time since 2018, thus ending a two-year rising trend. The total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +54.6% against 2016 indices. As a result, consumption attained the peak level of $X, and then declined in the following year.

Flat Glass Production in Scandinavia

In value terms, flat glass production dropped sharply to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable contraction. The growth pace was the most rapid in 2020 when the production volume increased by 183% against the previous year. As a result, production reached the peak level of $X, and then shrank significantly in the following year.

Flat Glass Exports

Exports in Scandinavia

In 2021, exports of flat glass in Scandinavia soared to X tons, growing by 81% against the previous year. Over the period under review, exports, however, faced a abrupt decline. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, flat glass exports soared to $X in 2021. Overall, exports, however, faced a abrupt decrease. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X tons) and Finland (X tons) prevails in exports structure, together committing 93% of total exports. Iceland (X tons) and Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Iceland (with a CAGR of +25.0%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Denmark ($X) remains the largest flat glass supplier in Scandinavia, comprising 75% of total exports. The second position in the ranking was taken by Finland ($X), with a 17% share of total exports. It was followed by Sweden, with a 6% share.

From 2012 to 2021, the average annual growth rate of value in Denmark totaled +14.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (-10.8% per year) and Sweden (-34.9% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, remaining stable against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flat glass export price increased by +51.5% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 35% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while Iceland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+21.0%), while the other leaders experienced a decline in the export price figures.

Flat Glass Imports

Imports in Scandinavia

In 2021, overseas purchases of flat glass increased by 7.3% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.6% over the period 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 2013 with an increase of 7.6%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, flat glass imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Finland (X tons) was the major importer of flat glass, comprising 42% of total imports. Sweden (X tons) took a 24% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (24%) and Norway (7.1%). Iceland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +8.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flat glass importing markets in Scandinavia were Denmark ($X), Finland ($X) and Sweden ($X), together comprising 85% of total imports.

In terms of the main importing countries, Sweden, with a CAGR of +6.4%, recorded the highest growth rate of 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 2021, the import price in Scandinavia amounted to $X per ton, picking up by 17% against the previous year. Overall, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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