Benelux: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in Benelux

The Benelux glass fibre mat market expanded modestly to $X in 2022, surging by 3.6% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Glass Fibre Mat Production in Benelux

In value terms, glass fibre mat production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% 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 2014 when the production volume increased by 14%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Glass Fibre Mat Exports

Exports in Benelux

In 2022, overseas shipments of glass fibre mats were finally on the rise to reach X tons after two years of decline. In general, exports, however, recorded a slight contraction. The pace of growth was the most pronounced in 2013 with an increase of 13%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, glass fibre mat exports reduced to $X in 2022. Over the period under review, exports, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium was the main exporting country with an export of about X tons, which resulted at 80% of total exports. It was distantly followed by the Netherlands (X tons), constituting a 20% share of total exports.

Exports from Belgium decreased at an average annual rate of -2.1% from 2012 to 2022. At the same time, the Netherlands (+1.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +1.7% from 2012-2022. While the share of the Netherlands (+5.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-5.4 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest glass fibre mat supplier in Benelux, comprising 69% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium stood at -3.0%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, declining by -10.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 29%. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.6%).

Glass Fibre Mat Imports

Imports in Benelux

In 2022, overseas purchases of glass fibre mats increased by 7.4% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of 36%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, glass fibre mat imports declined modestly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 21% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The purchases of the two major importers of glass fibre mats, namely Belgium and the Netherlands, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +0.3%).

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

Among the main importing countries, the Netherlands, with a CAGR of +3.5%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, falling by -10.3% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre mat import price increased by +35.0% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 28%. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.2%).

Source: IndexBox Platform