Toughened safety glass market in Finland

Earlier Report Observations

From 2018 to 2024, the toughened safety glass market in Finland experienced considerable volatility. After a 28% surge to 48 351 thousand dollars in 2019, the market contracted by 18% in 2020. A 15% recovery followed in 2021, reaching 45 651 thousand dollars, before stabilization in 2022 at 45 400 thousand dollars.

The market collapsed by 31% to 31 347 thousand dollars in 2023. This drop coincided with a significant downturn in construction activity, particularly in residential housing starts, which reduced demand for safety glass in building projects. Concurrently, rising security requirements in real estate due to the pandemic, geopolitical tensions, and AI development supported demand for glass in security systems but could not offset the overall contraction. In 2024, the market continued to decline, falling a further 18% to 25 675 thousand dollars. Although trends pointed to increased construction volume in the third quarter of 2024 and a growing number of security solutions in buildings, these factors did not prevent further market compression, likely due to persistent weakness in key demand segments.

Production toughened safety glass in Finland

In value, 2017-2020, K $ US

Finland's toughened safety glass production saw a decline after two years of growth. In 2020, output was valued at 46 499 thousand US dollars, marking a 20.7% decrease from the previous year. Over the period from 2017 to 2020, production fell by 6.7%, which translates to an average annual decline of 2.3%. The highest production value was recorded in 2019 at 58 631 thousand US dollars, while the largest increase occurred in 2018 with a 9.0% rise.

Annual dynamics of production in Finland in value, 2017-2020, K $ US

Exports toughened safety glass from Finland

Exports in kind, t

The market showed an unstable trend over the observed period. From 2018 to 2019, export volumes fluctuated significantly, with a threefold difference between the peak and trough. In 2020, Finland exported 8 304 tonnes of toughened safety glass, a substantial increase of 153.9% compared to the previous year. The lowest export volume was in 2019 at 3 271 tonnes, while the highest was in 2018 at 9 807 tonnes. The most significant decline occurred in 2019, dropping by 66.6%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, t

Between 2017 and 2020, Germany, France, and the United States were the primary markets for Finland's toughened safety glass exports in volume terms. Germany accounted for 32.4% of exports, France for 31.5%, and the United States for 11.3%. Together, these three countries represented 75.3% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Finland in kind, 2017-2020

Exports in value, K $ US

Finland's toughened safety glass exports declined for the second year in a row. In 2020, export value totaled 31 009 thousand US dollars, showing a modest decrease of 7.6% from the prior year. From 2017 to 2020, exports increased by 11.8%, averaging an annual growth rate of 3.8%. The peak export value was in 2018 at 35 990 thousand US dollars, with the largest increase also occurring that year at 29.8%.

Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US

From 2017 to 2020, Germany, France, and the United States continued to be the main buyers of toughened safety glass from Finland in value terms. Germany held a 28.6% share of exports, France 24.7%, and the United States 9.8%. Collectively, these three markets made up 63.1% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Finland in value, 2017-2020

Imports toughened safety glass to Finland

Imports in kind, t

The market exhibited volatility during these years. Import volumes varied dramatically, with a 120-fold difference between the low in 2019 and the high in 2020. In 2020, Finland imported 8 139 tonnes of toughened safety glass, a sharp increase of 11,894.0% year-over-year. The minimum import volume was recorded in 2019 at 68 tonnes, and the largest decline occurred that year with a 99.0% drop.

Annual dynamics of product's imports to Finland in kind, 2017-2020, t

Throughout 2017 to 2020, China, Hungary, and Estonia were the leading sources for toughened safety glass imports to Finland in volume terms. China contributed 33.9% of imports, Hungary 20.3%, and Estonia 13.9%. Together, these three countries accounted for 68.2% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Finland in kind, 2017-2020

Imports in value, K $ US

Finland's toughened safety glass imports increased for the third consecutive year. In 2020, import value reached 24 216 thousand US dollars, up by 4.0% from 2019. Over the period from 2017 to 2020, imports grew by 46.3%, averaging an annual increase of 13.5%.

Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US

From 2017 to 2020, China, Hungary, and Estonia consistently remained the main sources for toughened safety glass imports to Finland in value terms. China represented 19.8% of imports, Hungary 18.7%, and Estonia 15.6%. Combined, these three countries made up 54.1% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Finland in value, 2017-2020