Belgium: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in Belgium

The Belgian glass fibre and article market fell remarkably to $X in 2022, declining by X% against the previous year. In general, consumption faced a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Glass Fibres and Glass Fibre Articles in Belgium

In value terms, glass fibre and article production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Glass Fibres and Glass Fibre Articles

Exports from Belgium

In 2022, the amount of glass fibres and glass fibre articles exported from Belgium shrank slightly to X tons, approximately equating the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then reduced modestly in the following year.

In value terms, glass fibre and article exports stood at $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of glass fibre and article exports from Belgium, with a combined X% share of total exports. Italy, Spain, the United States, Poland and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), France ($X) and the Netherlands ($X) were the largest markets for glass fibre and article exported from Belgium worldwide, together comprising X% of total exports. Italy, Spain, Poland, the United States and the UK lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the United States, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average glass fibre and article export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the UK ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibres and Glass Fibre Articles

Imports into Belgium

In 2022, overseas purchases of glass fibres and glass fibre articles decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, glass fibre and article imports dropped modestly to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

Malaysia (X tons), the UK (X tons) and the United States (X tons) were the main suppliers of glass fibre and article imports to Belgium, together accounting for X% of total imports. The Netherlands, France, Bahrain, China, Germany, India, Egypt, Mexico and Russia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest glass fibre and article suppliers to Belgium were Malaysia ($X), the UK ($X) and France ($X), together comprising X% of total imports. The Netherlands, Germany, China, the United States, Bahrain, Mexico, India, Egypt and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Egypt, with a CAGR of X%, saw 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 glass fibre and article import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, saw a mild downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 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 Germany ($X per ton), while the price for the United States ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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