Belgium: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Belgium

In 2021, the Belgian non-woven glass fibre articles market decreased by -72.3% to $X, falling for the fifth year in a row after three years of growth. Overall, consumption faced a abrupt slump. Non-woven glass fibre articles consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Belgium

In value terms, non-woven glass fibre articles production fell to $X in 2021 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +112.1% against 2014 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 28%. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports from Belgium

In 2021, non-woven glass fibre articles exports from Belgium stood at X tons, increasing by 11% compared with 2020 figures. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 28%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, non-woven glass fibre articles exports soared to $X in 2021. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 24% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons) was the main destination for non-woven glass fibre articles exports from Belgium, with a 56% share of total exports. Moreover, non-woven glass fibre articles exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to France amounted to +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+13.3% per year) and Germany (-5.1% per year).

In value terms, France ($X) remains the key foreign market for non-woven glass fibre webs, felts, mattresses and boards exports from Belgium, comprising 57% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 23% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+12.3% per year) and Germany (-7.2% per year).

Export Prices by Country

The average non-woven glass fibre articles export price stood at $X per ton in 2021, growing by 7.7% against the previous year. In general, the export price, however, recorded a slight downturn. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Germany ($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 Italy (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports into Belgium

In 2021, approx. X tons of non-woven glass fibre webs, felts, mattresses and boards were imported into Belgium; increasing by 26% on the previous year. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 44% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, non-woven glass fibre articles imports soared to $X in 2021. Overall, imports, however, saw a slight decrease. The most prominent rate of growth was recorded in 2019 with an increase of 30% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), the UK (X tons) and Germany (X tons) were the main suppliers of non-woven glass fibre articles imports to Belgium, together comprising 95% of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +47.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), the UK ($X) and Germany ($X) were the largest non-woven glass fibre articles suppliers to Belgium, together accounting for 86% of total imports.

The UK, with a CAGR of +39.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average non-woven glass fibre articles import price amounted to $X per ton, shrinking by -8.2% against the previous year. Over the period under review, the import price continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2014 when the average import price increased by 20%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for the UK ($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 (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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