Sweden: Flat Glass Market 2024

Flat Glass Market Size in Sweden

In 2021, after two years of growth, there was significant decline in the Swedish flat glass market, when its value decreased by -25.2% to $X. Overall, consumption, however, enjoyed a resilient expansion. As a result, consumption reached the peak level of $X, and then shrank sharply in the following year.

Flat Glass Production in Sweden

In value terms, flat glass production plummeted to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 340%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Flat Glass Exports

Exports from Sweden

In 2021, shipments abroad of flat glass decreased by -36.1% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a precipitous setback. The pace of growth was the most pronounced in 2018 when exports increased by 25%. Over the period under review, the exports hit record highs 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 saw a precipitous shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for flat glass exports from Sweden, accounting for a 67% share of total exports. Moreover, flat glass exports to Norway exceeded the volume sent to the second major destination, Denmark (X tons), sixfold. The third position in this ranking was held by the UK (X tons), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to Norway stood at -33.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-46.0% per year) and the UK (-49.8% per year).

In value terms, Norway ($X) remains the key foreign market for flat glass exports from Sweden, comprising 63% of total exports. The second position in the ranking was held by Denmark ($X), with a 19% share of total exports. It was followed by the UK, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to Norway totaled -23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-28.8% per year) and the UK (-43.8% per year).

Export Prices by Country

In 2021, the average flat glass export price amounted to $X per ton, surging by 164% against the previous year. Over the period under review, the export price enjoyed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Finland ($X per ton), while the average price for exports to Ukraine ($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 (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.

Flat Glass Imports

Imports into Sweden

In 2021, after four years of decline, there was significant growth in supplies from abroad of flat glass, when their volume increased by 13% to X tons. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 108% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, flat glass imports soared to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +45.1% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of 76%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and Finland (X tons) were the main suppliers of flat glass imports to Sweden, together comprising 73% of total imports.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +82.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Italy ($X) and Germany ($X) constituted the largest flat glass suppliers to Sweden, with a combined 54% share of total imports. Poland, Finland and the Czech Republic lagged somewhat behind, together accounting for a further 27%.

Finland, with a CAGR of +71.0%, recorded the highest rates of growth with regard to 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

In 2021, the average flat glass import price amounted to $X per ton, increasing by 12% against the previous year. Over the period under review, the import price, however, showed a mild slump. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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