Belgium: 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 Belgium

The Belgian market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021, rising by 200% against the previous year. Overall, consumption, however, saw a slight setback. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Belgium

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced curtailment. Production of peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

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

Exports from Belgium

In 2021, overseas shipments of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 21% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021. The total export value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Belgium, accounting for a 62% share of total exports. Moreover, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), sixfold. Italy (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+0.5% per year) and Italy (+9.0% per year).

In value terms, Germany ($X) remains the key foreign market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles exports from Belgium, comprising 57% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total exports. It was followed by France, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+0.0% per year) and France (-1.8% per year).

Export Prices by Country

The average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2021, increasing by 8.8% against the previous year. Over the period under review, the export price, however, continues to indicate a slight shrinkage. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 Spain (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Belgium

In 2021, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles into Belgium skyrocketed to X tons, picking up by 56% against the previous year's figure. Overall, imports recorded strong growth. As a result, imports attained 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. In general, imports continue to indicate a measured increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest glass fibre filament, roving, and staple glass fibre article supplier to Belgium, with a 33% share of total imports. Moreover, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Malaysia exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. China (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia stood at +54.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+9.7% per year) and China (+5.3% per year).

In value terms, Malaysia ($X) constituted the largest supplier of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Belgium, comprising 27% of total imports. The second position in the ranking was held by the UK ($X), with a 13% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia stood at +53.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+10.6% per year) and the United States (-2.2% per year).

Import Prices by Country

In 2021, the average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, surging by 3.3% against the previous year. In general, the import price, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 7.8% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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