Report Update Apr 1, 2024

Finland - Glass Fibres and Glass Wool - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Finland

The Finnish glass fibres and wool market shrank notably to $X in 2022, which is down by -56.4% against the previous year. In general, consumption, however, enjoyed resilient growth. As a result, consumption reached the peak level of $X, and then contracted remarkably in the following year.

Production of Glass Fibres And Glass Wool in Finland

In value terms, glass fibres and wool production rose to $X in 2022 estimated in export price. In general, production, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 154% against the previous year. Glass fibres and wool production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Glass Fibres And Glass Wool

Exports from Finland

Glass fibres and wool exports from Finland fell slightly to X tons in 2022, remaining constant against 2021. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 134,735% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, glass fibres and wool exports declined slightly to $X in 2022. Over the period under review, exports recorded a mild setback. The growth pace was the most rapid in 2016 with an increase of 30% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for glass fibres and wool exports from Finland, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +173.7%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for glass fibres and glass wool exports from Finland.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +132.0%.

Export Prices by Country

The average glass fibres and wool export price stood at $X per kg in 2022, which is down by -3% against the previous year. Overall, the export price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2015 an increase of 207,616%. As a result, the export price attained the peak level of $X per kg. From 2016 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +8.7% per year.

Imports of Glass Fibres And Glass Wool

Imports into Finland

In 2022, approx. X tons of glass fibres and glass wool were imported into Finland; rising by 7% on the previous year. Overall, imports recorded a modest expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 48% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, glass fibres and wool imports expanded significantly to $X in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 53% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of glass fibres and wool to Finland, accounting for a 39% share of total imports. Moreover, glass fibres and wool imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.6% per year) and Italy (+21.8% per year).

In value terms, the largest glass fibres and wool suppliers to Finland were Germany ($X), Italy ($X) and China ($X), together accounting for 62% of total imports. Denmark, Sweden, Latvia, France, Poland, the Netherlands, Estonia, Lithuania and Belgium lagged somewhat behind, together accounting for a further 26%.

Belgium, with a CAGR of +81.5%, saw the highest growth rate of 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 fibres and wool import price stood at $X per ton in 2022, increasing by 5.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 23% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 Denmark ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass fibres and glass wool in the world?

The United States constituted the country with the largest volume of glass fibres and wool consumption, accounting for 53% of total volume. Moreover, glass fibres and wool consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fivefold. India ranked third in terms of total consumption with a 4.8% share.

What are the largest producers of glass fibres and glass wool in the world?

The United States remains the largest glass fibres and wool producing country worldwide, accounting for 52% of total volume. Moreover, glass fibres and wool production in the United States exceeded the figures recorded by the second-largest producer, China, fourfold. The third position in this ranking was held by India, with a 4.5% share.

What are the leading suppliers of glass fibres and glass wool to Finland?

In value terms, the largest glass fibres and wool suppliers to Finland were Germany, Italy and China, with a combined 62% share of total imports. Denmark, Sweden, Latvia, France, Poland, the Netherlands, Estonia, Lithuania and Belgium lagged somewhat behind, together accounting for a further 26%.

What are the leading importers of glass fibres and glass wool from Finland?

In value terms, the United Arab Emirates remains the key foreign market for glass fibres and glass wool exports from Finland.

What is the average export price for glass fibres and glass wool in Finland?

The average glass fibres and wool export price stood at $2.1 per kg in 2022, dropping by -3% against the previous year.

What is the average import price for glass fibres and glass wool in Finland?

The average glass fibres and wool import price stood at $8,037 per ton in 2022, surging by 5.5% against the previous year.

This report provides an in-depth analysis of the market for glass fibres and wool in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23141297 - Glass fibres, incl. glass wool, and articles thereof (excl. staple fibres, rovings, yarn, chopped strands, woven fabrics, also narrow fabrics, thin sheets voiles, webs, mats, mattresses and boards and similar nonwoven products, mineral wool and articles thereof, electrical insulators or parts thereof, optical fibres, fibre bundles or cable, brushes of glass fibres, and dolls' wigs)

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023