Austria: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Austria

The Austrian market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles skyrocketed to $X in 2021, jumping by 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a noticeable decrease. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports from Austria

For the sixth consecutive year, Austria recorded growth in shipments abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, which increased by 90% to X tons in 2021. In general, exports recorded a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021. Over the period under review, exports, however, saw a mild decrease. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons), Slovenia (X tons) and Germany (X tons) were the main destinations of exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Austria, with a combined 74% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +61.5%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Germany ($X) and Slovenia ($X) constituted the largest markets for glass fibre filament, roving, and staple glass fibre article exported from Austria worldwide, with a combined 71% share of total exports. These countries were followed by Switzerland, Romania, Croatia and the United States, which together accounted for a further 13%.

Romania, with a CAGR of +39.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, which is down by -20.5% against the previous year. Overall, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 48% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Slovenia ($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 the United States (+7.3%), while the prices for the other major destinations experienced a decline.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports into Austria

In 2021, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles into Austria skyrocketed to X tons, picking up by 23% on 2020 figures. Overall, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021. Over the period under review, imports, however, recorded a pronounced reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Slovakia (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Austria, together accounting for 63% of total imports. France, Belgium, Romania, Poland, the Netherlands and China lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +3,752,222.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre filament, roving, and staple glass fibre article suppliers to Austria were Germany ($X), Slovakia ($X) and the Czech Republic ($X), together comprising 66% of total imports. Belgium, France, Poland, the Netherlands, Romania and China lagged somewhat behind, together accounting for a further 28%.

Among the main suppliers, Romania, with a CAGR of +116,249.6%, recorded the highest rates of growth with regard to 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 import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2021, with an increase of 9.8% against the previous year. In general, the import price, however, saw a pronounced reduction. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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