Sweden: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in Sweden

In 2022, the Swedish glass fibre and article market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, recorded a pronounced setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Glass Fibres and Glass Fibre Articles in Sweden

In value terms, glass fibre and article production dropped to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced descent. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Glass Fibres and Glass Fibre Articles

Exports from Sweden

In 2022, shipments abroad of glass fibres and glass fibre articles decreased by X% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass fibre and article exports reduced to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Norway (X tons) and the UK (X tons) were the main destinations of glass fibre and article exports from Sweden, together accounting for X% of total exports. France, China, Denmark, Israel, Finland, Poland, the Netherlands, Belgium and Russia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass fibre and article exported from Sweden were China ($X), Germany ($X) and France ($X), together comprising X% of total exports.

In terms of the main countries of destination, China, with a CAGR of X%, recorded the highest rates of growth with regard to 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 fibre and article export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre and article export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Imports of Glass Fibres and Glass Fibre Articles

Imports into Sweden

In 2022, purchases abroad of glass fibres and glass fibre articles decreased by X% to X tons, falling for the third year in a row after three years of growth. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, glass fibre and article imports reached $X in 2022. Over the period under review, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of glass fibre and article imports to Sweden, with a combined X% share of total imports. The UK, Norway, Belgium, Finland, China, Egypt, Russia, France, Italy and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre and article suppliers to Sweden were Germany ($X), Denmark ($X) and China ($X), with a combined X% share of total imports. Poland, the UK, Finland, Belgium, France, Norway, Italy, Egypt, South Korea and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Egypt, with a CAGR of X%, saw 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

The average glass fibre and article import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a perceptible curtailment. The growth pace was the most rapid in 2016 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 China ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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