Czech Republic: Mineral Wool Market 2024

Mineral Wool Market Size in the Czech Republic

The Czech mineral wool market dropped dramatically to $X in 2021, with a decrease of -29.4% against the previous year. In general, consumption recorded a pronounced descent. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Mineral Wool Production in the Czech Republic

In value terms, mineral wool production dropped significantly to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2017 with an increase of 123% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Mineral Wool Exports

Exports from the Czech Republic

In 2021, overseas shipments of slag wool, rock wool and similar mineral wools and mixtures were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -14.0% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 22% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, mineral wool exports expanded notably to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +14.1% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 26%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Poland (X tons) was the main destination for mineral wool exports from the Czech Republic, accounting for a 46% share of total exports. Moreover, mineral wool exports to Poland exceeded the volume sent to the second major destination, Germany (X tons), threefold. Hungary (X tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland amounted to +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+29.1% per year) and Hungary (+8.8% per year).

In value terms, Poland ($X), Germany ($X) and Italy ($X) appeared to be the largest markets for mineral wool exported from the Czech Republic worldwide, together comprising 62% of total exports. Hungary, Finland, Canada, Slovakia, Lithuania, Ukraine, Romania and Russia lagged somewhat behind, together accounting for a further 16%.

In terms of the main countries of destination, Finland, with a CAGR of +42.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mineral wool export price stood at $X per ton in 2021, growing by 9.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 18%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Mineral Wool Imports

Imports into the Czech Republic

After two years of decline, supplies from abroad of slag wool, rock wool and similar mineral wools and mixtures increased by 14% to X tons in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 30%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, mineral wool imports soared to $X in 2021. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 34% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

Poland (X tons), Slovakia (X tons) and Germany (X tons) were the main suppliers of mineral wool imports to the Czech Republic, together comprising 80% of total imports. Slovenia, Belarus, Hungary, the Netherlands and France lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +42.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of slag wool, rock wool and similar mineral wools and mixtures to the Czech Republic, comprising 42% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by Slovakia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland totaled +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.4% per year) and Slovakia (-2.4% per year).

Import Prices by Country

In 2021, the average mineral wool import price amounted to $X per ton, picking up by 4.7% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 21%. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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