The forecast for the import of glass fibres and glass wool to Sweden shows a consistent, albeit slight, decline over the next five years. In 2023, the imports stood at $144.34 million USD. For 2024, the forecast remains the same, but from 2025 onward, a downward trend is observed with values decreasing progressively: $142.87 million USD in 2025, $141.43 million USD in 2026, $140.01 million USD in 2027, and $138.63 million USD in 2028.
This forecast indicates a year-on-year variation with a modest decline of approximately 1% each year. Specifically, the change from 2024 to 2025 is -1.02%, from 2025 to 2026 is -1.01%, from 2026 to 2027 is -1.00%, and from 2027 to 2028 is -0.99%. The Compound Annual Growth Rate (CAGR) over the next five years stands at around -1.04%.
Future trends to watch for include potential advancements in alternative materials that could further influence the decline in demand for traditional glass fibres and glass wool. Additionally, economic factors and regulatory changes in the EU might impact future import volumes and values.
