Belgium: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Belgium

The Belgian glass fibre fabrics market surged to $X in 2022, increasing by 100% against the previous year. Overall, consumption, however, saw a mild setback. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Glass Fibre Fabrics Production in Belgium

In value terms, glass fibre fabrics production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +81.6% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 18% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then contracted slightly in the following year.

Glass Fibre Fabrics Exports

Exports from Belgium

In 2022, glass fibre fabrics exports from Belgium reduced to X tons, with a decrease of -4.3% on the year before. In general, exports recorded a mild shrinkage. The growth pace was the most rapid in 2018 with an increase of 19%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, glass fibre fabrics exports dropped to $X in 2022. Overall, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.1% against 2015 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 25% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Spain (X tons) was the main destination for glass fibre fabrics exports from Belgium, accounting for a 38% share of total exports. Moreover, glass fibre fabrics exports to Spain exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-4.5% per year) and the Netherlands (+8.0% per year).

In value terms, the largest markets for glass fibre fabrics exported from Belgium were Germany ($X), Spain ($X) and the Netherlands ($X), with a combined 47% share of total exports. Poland, France, Italy, Turkey, India and Denmark lagged somewhat behind, together accounting for a further 30%.

Turkey, with a CAGR of +27.7%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 fabrics export price amounted to $X per ton, declining by -6.1% against the previous year. Over the last decade, it increased at an average annual rate of +5.0%. The growth pace was the most rapid in 2013 when the average export price increased by 55%. Over the period under review, the average export prices hit record highs 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 Germany ($X per ton), while the average price for exports to Turkey ($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 (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Fabrics Imports

Imports into Belgium

In 2022, glass fibre fabrics imports into Belgium fell to X tons, which is down by -3.9% against the previous year. In general, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.9% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 32%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, glass fibre fabrics imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest glass fibre fabrics supplier to Belgium, with a 39% share of total imports. Moreover, glass fibre fabrics imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by France (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic amounted to +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.6% per year) and France (-0.9% per year).

In value terms, the largest glass fibre fabrics suppliers to Belgium were France ($X), the Czech Republic ($X) and Germany ($X), together comprising 58% of total imports. China, the Netherlands, Russia, Italy and Sweden lagged somewhat behind, together comprising a further 25%.

In terms of the main suppliers, China, with a CAGR of +8.1%, recorded 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 fabrics import price stood at $X per ton in 2022, with a decrease of -6.3% against the previous year. Overall, the import price showed a slight curtailment. The pace of growth appeared the most rapid in 2015 an increase of 15%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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 ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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