Benelux: Glass Fiber Market 2024

Glass Fiber Market Size in Benelux

In 2021, the Benelux glass fiber market decreased by -19.3% to $X, falling for the sixth consecutive year after four years of growth. In general, consumption recorded a perceptible slump. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Glass Fiber Production in Benelux

In value terms, glass fiber production declined to $X in 2021 estimated in export price. Overall, production saw buoyant growth. The growth pace was the most rapid in 2017 with an increase of 47% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Glass Fiber Exports

Exports in Benelux

In 2021, exports of voiles, webs, mats and other articles of glass fibers in Benelux skyrocketed to X tons, increasing by 16% compared with the previous year. The total export volume increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass fiber exports soared to $X in 2021. The total export value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium represented the major exporting country with an export of around X tons, which recorded 82% of total exports. It was distantly followed by the Netherlands (X tons), making up a 17% share of total exports.

Belgium was also the fastest-growing in terms of the voiles, webs, mats and other articles of glass fibers exports, with a CAGR of +4.9% from 2012 to 2021. The Netherlands (-2.6%) illustrated a downward trend over the same period. Belgium (+12 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -11.7% from 2012 to 2021, respectively.

In value terms, the largest glass fiber supplying countries in Benelux were Belgium ($X) and the Netherlands ($X).

Belgium, with a CAGR of +3.9%, recorded 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

The export price in Benelux stood at $X per ton in 2021, rising by 9.7% against the previous year. Over the period under review, the export price, however, saw a mild decrease. 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 by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.4%).

Glass Fiber Imports

Imports in Benelux

In 2021, approx. X tons of voiles, webs, mats and other articles of glass fibers were imported in Benelux; increasing by 6.8% against the previous year's figure. Total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.4% 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 decreased by -2.2% against 2019 indices. The pace of growth was the most pronounced in 2019 when imports increased by 28%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, glass fiber imports reached $X in 2021. The total import value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 19%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Belgium (X tons) and the Netherlands (X tons) dominates imports structure, together constituting 98% of total imports. Luxembourg (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +5.1%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 99.9% of total imports.

The Netherlands, with a CAGR of +5.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, increasing by 6.3% against the previous year. In general, the import price, however, saw a slight descent. The most prominent rate of growth was recorded in 2013 an increase of 16% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform