Belgium: Glass Fiber Market 2024

Glass Fiber Market Size in Belgium

For the fifth year in a row, the Belgian glass fiber market recorded decline in sales value, which decreased by -51.8% to $X in 2021. Overall, consumption recorded a deep reduction. Glass fiber consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Glass Fiber Production in Belgium

In value terms, glass fiber production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 25%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Glass Fiber Exports

Exports from Belgium

In 2021, exports of voiles, webs, mats and other articles of glass fibers from Belgium expanded notably to X tons, with an increase of 13% on 2020 figures. In general, total exports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +74.2% against 2015 indices. The pace of growth was the most pronounced in 2016 when exports increased by 20% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, glass fiber exports surged to $X in 2021. Over the period under review, total exports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +81.5% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for glass fiber exports from Belgium, with a 58% share of total exports. Moreover, glass fiber exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+13.6% per year) and Germany (-4.9% per year).

In value terms, France ($X) remains the key foreign market for voiles, webs, mats and other articles of glass fibers exports from Belgium, comprising 54% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total exports. It was followed by Germany, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+12.4% per year) and Germany (-6.6% per year).

Export Prices by Country

The average glass fiber export price stood at $X per ton in 2021, picking up by 7% against the previous year. Over the period under review, the export price, however, showed a slight slump. The pace of growth appeared the most rapid in 2020 an increase of 7.2%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the UK ($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 (+1.8%), while the prices for the other major destinations experienced a decline.

Glass Fiber Imports

Imports into Belgium

In 2021, imports of voiles, webs, mats and other articles of glass fibers into Belgium rose rapidly to X tons, surging by 13% compared with the year before. In general, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.6% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 40%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, glass fiber imports expanded rapidly to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 22%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X tons), the Netherlands (X tons) and the UK (X tons) were the main suppliers of glass fiber imports to Belgium, together accounting for 59% of total imports. These countries were followed by Germany, France, Russia, Finland, India and China, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +254.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fiber suppliers to Belgium were the Netherlands ($X), Germany ($X) and Finland ($X), together comprising 52% of total imports. These countries were followed by the UK, France, the United States, China, Russia and India, which together accounted for a further 30%.

Russia, with a CAGR of +172.8%, recorded 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 more modest paces of growth.

Import Prices by Country

The average glass fiber import price stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the import price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2013 an increase of 24% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for the United States ($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 (+9.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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