Benelux: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Benelux

The Benelux glass fibres and wool market shrank slightly to $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, recorded a buoyant increase. Over the period under review, the market reached the peak level at $X in 2021, and then declined modestly in the following year.

Production of Glass Fibres And Glass Wool in Benelux

In value terms, glass fibres and wool production declined slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 69% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then contracted in the following year.

Exports of Glass Fibres And Glass Wool

Exports in Benelux

In 2022, exports of glass fibres and glass wool in Benelux shrank to X tons, approximately equating 2021. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +31.7% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by 53%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, glass fibres and wool exports fell slightly to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +43.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 46% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Belgium prevails in exports structure, resulting at X tons, which was approx. 91% of total exports in 2022. It was distantly followed by the Netherlands (X tons), constituting an 8.9% share of total exports.

Belgium was also the fastest-growing in terms of the glass fibres and glass wool exports, with a CAGR of +5.9% from 2012 to 2022. At the same time, the Netherlands (+4.9%) displayed positive paces of growth. From 2012 to 2022, the share of Belgium increased by +2.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2022.

The Netherlands, with a CAGR of +8.5%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price recorded a mild reduction. The most prominent rate of growth was recorded in 2021 an increase of 9.5%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices 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 the Netherlands (+3.5%).

Imports of Glass Fibres And Glass Wool

Imports in Benelux

In 2022, overseas purchases of glass fibres and glass wool increased by 21% to X tons, rising for the fourth consecutive year after three years of decline. Total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.9% 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 +62.8% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 26% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, glass fibres and wool imports rose significantly to $X in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +79.7% against 2017 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 35% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tons) and Belgium (X tons) prevails in imports structure, together achieving 97% of total imports. Luxembourg (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +3.7%), while purchases for the other leaders experienced mixed trends in the imports figures.

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

In terms of the main importing countries, the Netherlands, with a CAGR of +6.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, shrinking by -8.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2016 an increase of 23% against the previous year. The level of import peaked at $X per ton in 2021, and then shrank in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform