Benelux: 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 Benelux

The Benelux market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles skyrocketed to $X in 2021, picking up by 62% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

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

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. Overall, production, however, recorded a perceptible reduction. The growth pace was the most rapid in 2013 with an increase of 21%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

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

Exports in Benelux

In 2021, overseas shipments of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 18% to X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +3.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 23%. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain 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 +2.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium was the major exporter of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles in Benelux, with the volume of exports finishing at X tons, which was approx. 68% of total exports in 2021. It was distantly followed by the Netherlands (X tons), constituting a 32% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to glass fibre filament, roving, and staple glass fibre article exports from Belgium stood at +2.5%. At the same time, the Netherlands (+6.9%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +6.9% from 2012-2021. The Netherlands (+7.6 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -7.6% from 2012 to 2021, respectively.

In value terms, Belgium ($X) remains the largest glass fibre filament, roving, and staple glass fibre article supplier in Benelux, comprising 68% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 32% share of total exports.

In Belgium, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles expanded at an average annual rate of +1.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, rising by 10% against the previous year. In general, the export price, however, continues to indicate a mild decrease. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-1.3%).

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

Imports in Benelux

In 2021, after two years of decline, there was significant growth in purchases abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, when their volume increased by 35% to X tons. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 37% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles skyrocketed to $X in 2021. Total imports indicated a temperate increase from 2012 to 2021: its value 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles in 2021 were Belgium (X tons) and the Netherlands (X tons), together recording 99.9% of total import.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +8.2%).

In value terms, the largest glass fibre filament, roving, and staple glass fibre article importing markets in Benelux were Belgium ($X) and the Netherlands ($X).

In terms of the main importing countries, the Netherlands, with a CAGR of +6.2%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, increasing by 11% against the previous year. In general, the import price, however, saw a slight descent. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-1.5%).

Source: IndexBox Platform