Benelux: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Benelux

In 2021, the Benelux non-woven glass fibre articles market decreased by -32.4% to $X, falling for the fifth consecutive year after three years of growth. In general, consumption saw a abrupt curtailment. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Benelux

In value terms, non-woven glass fibre articles production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 19%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports in Benelux

In 2021, the amount of non-woven glass fibre webs, felts, mattresses and boards exported in Benelux expanded significantly to X tons, increasing by 11% against 2020. Total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +103.3% against 2014 indices. The pace of growth was the most pronounced in 2019 when exports increased by 20%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, non-woven glass fibre articles exports soared to $X in 2021. Total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +81.6% against 2015 indices. The growth pace was the most rapid in 2018 when exports increased by 25% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

Belgium represented the largest exporter of non-woven glass fibre webs, felts, mattresses and boards in Benelux, with the volume of exports recording X tons, which was near 87% of total exports in 2021. It was distantly followed by the Netherlands (X tons), committing a 12% share of total exports.

Belgium was also the fastest-growing in terms of the non-woven glass fibre webs, felts, mattresses and boards exports, with a CAGR of +6.7% from 2012 to 2021. The Netherlands (-3.6%) illustrated a downward trend over the same period. While the share of Belgium (+14 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-13.6 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest non-woven glass fibre articles supplier in Benelux, comprising 82% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Belgium stood at +5.4%.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, rising by 6.3% against the previous year. In general, the export price, however, continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2018 when the export price increased by 8.6% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.7%).

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports in Benelux

For the third consecutive year, Benelux recorded growth in purchases abroad of non-woven glass fibre webs, felts, mattresses and boards, which increased by 7.1% to X tons in 2021. Total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.7% against 2015 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 30% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, non-woven glass fibre articles imports expanded modestly to $X in 2021. Total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.8% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 16%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

The purchases of the two major importers of non-woven glass fibre webs, felts, mattresses and boards, namely the Netherlands and Belgium, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +8.0%).

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2021.

In terms of the main importing countries, the Netherlands, with a CAGR of +7.5%, 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 2021, waning by -2.9% against the previous year. Over the period under review, the import price recorded a slight setback. The pace of growth was the most pronounced in 2018 an increase of 15%. Over the period under review, import prices hit record highs 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, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.5%).

Source: IndexBox Platform