Belgium: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in Belgium

The Belgian glass fibre mat market fell slightly to $X in 2022, approximately mirroring the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Glass Fibre Mat Production in Belgium

In value terms, glass fibre mat production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 20%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Glass Fibre Mat Exports

Exports from Belgium

Glass fibre mat exports from Belgium rose to X tons in 2022, increasing by 4.4% compared with the year before. Over the period under review, exports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 12%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, glass fibre mat exports fell modestly to $X in 2022. Overall, exports, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2013 when exports increased by 12%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), Poland (X tons) and Spain (X tons) were the main destinations of glass fibre mat exports from Belgium, together accounting for 34% of total exports. France, the United States, Italy, Germany, the Netherlands, the UK, Portugal, Hungary and Turkey lagged somewhat behind, together comprising a further 51%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +45.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and France ($X) constituted the largest markets for glass fibre mat exported from Belgium worldwide, with a combined 31% share of total exports. The Netherlands, Germany, Poland, Spain, Italy, the UK, Portugal, Hungary and Turkey lagged somewhat behind, together comprising a further 53%.

Among the main countries of destination, Hungary, with a CAGR of +50.2%, 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 mat export price stood at $X per ton in 2022, with a decrease of -8.5% against the previous year. In general, the export price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($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 Hungary (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Mat Imports

Imports into Belgium

In 2022, after two years of decline, there was growth in purchases abroad of glass fibre mats, when their volume increased by 0.2% to X tons. Overall, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 39% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, glass fibre mat imports rose to $X in 2022. Over the period under review, imports, however, showed a perceptible curtailment. The growth pace was the most rapid in 2013 with an increase of 20%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons), India (X tons) and the Netherlands (X tons) were the main suppliers of glass fibre mat imports to Belgium, with a combined 78% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +43.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), India ($X) and the Netherlands ($X) constituted the largest glass fibre mat suppliers to Belgium, with a combined 66% share of total imports.

Taiwan (Chinese), with a CAGR of +46.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average glass fibre mat import price amounted to $X per ton, increasing by 4.5% against the previous year. In general, the import price showed a slight expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 40% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 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 Italy ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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