Benelux: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in Benelux

In 2022, the Benelux glass fibre and article market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption saw a noticeable descent. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Glass Fibres and Glass Fibre Articles in Benelux

In value terms, glass fibre and article production totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Glass Fibres and Glass Fibre Articles

Exports in Benelux

In 2022, the amount of glass fibres and glass fibre articles exported in Benelux declined to X tons, waning by X% against the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then reduced modestly in the following year.

In value terms, glass fibre and article exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

In 2022, Belgium (X tons) represented the major exporter of glass fibres and glass fibre articles, achieving X% of total exports. It was distantly followed by the Netherlands (X tons), mixing up a X% share of total exports.

Belgium was also the fastest-growing in terms of the glass fibres and glass fibre articles exports, with a CAGR of X% from 2012 to 2022. At the same time, the Netherlands (X%) displayed positive paces of growth. From 2012 to 2022, the share of Belgium increased by X percentage points.

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

From 2012 to 2022, the average annual growth rate of value in Belgium amounted to X%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

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

Imports of Glass Fibres and Glass Fibre Articles

Imports in Benelux

In 2022, approx. X tons of glass fibres and glass fibre articles were imported in Benelux; almost unchanged from 2021 figures. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, leveling off in the following year.

In value terms, glass fibre and article imports amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The purchases of the two major importers of glass fibres and glass fibre articles, 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 X%).

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2022.

In terms of the main importing countries, the Netherlands, with a CAGR of X%, saw 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 2022, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, 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 (X%).

Source: IndexBox Platform