Eastern Europe: Market for Glass Fibre Chopped Strands 2024

Market Size for Glass Fibre Chopped Strands in Eastern Europe

The East European glass fibre chopped strand market rose rapidly to $X in 2021, picking up by 7.6% against the previous year. In general, consumption, however, recorded a perceptible decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Glass Fibre Chopped Strands in Eastern Europe

In value terms, glass fibre chopped strand production amounted to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 11% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Glass Fibre Chopped Strands

Exports in Eastern Europe

In 2021, the amount of glass fibre chopped strands exported in Eastern Europe rose markedly to X tons, growing by 10% compared with 2020 figures. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +7.0% against 2018 indices. The growth pace was the most rapid in 2013 when exports increased by 34%. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, glass fibre chopped strand exports surged to $X in 2021. The total export value increased at an average annual rate of +5.9% over the period 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.

Exports by Country

Slovakia prevails in exports structure, resulting at X tons, which was approx. 87% of total exports in 2021. Belarus (X tons), Latvia (X tons), the Czech Republic (X tons), Poland (X tons) and Russia (X tons) followed a long way behind the leaders.

Exports from Slovakia increased at an average annual rate of +7.2% from 2012 to 2021. At the same time, Latvia (+18.5%), the Czech Republic (+12.1%), Russia (+8.6%), Poland (+4.1%) and Belarus (+3.1%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +18.5% from 2012-2021. While the share of Latvia (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belarus (-1.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Slovakia ($X) remains the largest glass fibre chopped strand supplier in Eastern Europe, comprising 82% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 5.3% share of total exports. It was followed by Latvia, with a 3.6% share.

In Slovakia, glass fibre chopped strand exports increased at an average annual rate of +6.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Czech Republic (+17.0% per year) and Latvia (+10.0% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, jumping by 16% against the previous year. In general, the export price, however, continues to indicate a mild reduction. Over the period under review, the export prices hit record highs 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 Czech Republic ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.4%), while the other leaders experienced a decline in the export price figures.

Imports of Glass Fibre Chopped Strands

Imports in Eastern Europe

In 2021, the amount of glass fibre chopped strands imported in Eastern Europe skyrocketed to X tons, with an increase of 33% on 2020 figures. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.3% 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 +22.0% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass fibre chopped strand imports surged to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 +64.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland represented the largest importing country with an import of about X tons, which reached 50% of total imports. Russia (X tons) ranks second in terms of the total imports with a 24% share, followed by the Czech Republic (8.6%), Hungary (7.9%) and Ukraine (5%). Slovakia (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to glass fibre chopped strand imports into Poland stood at +7.7%. At the same time, Slovakia (+17.3%), Hungary (+16.8%), the Czech Republic (+13.9%), Russia (+3.3%) and Ukraine (+3.1%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +17.3% from 2012-2021. Hungary (+4.2 p.p.), the Czech Republic (+3.6 p.p.) and Poland (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Ukraine and Russia saw its share reduced by -2.2% and -9.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported glass fibre chopped strands in Eastern Europe, comprising 49% of total imports. The second position in the ranking was held by Russia ($X), with a 23% share of total imports. It was followed by Hungary, with an 8.6% share.

In Poland, glass fibre chopped strand imports expanded at an average annual rate of +6.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Russia (+2.4% per year) and Hungary (+14.3% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, rising by 19% against the previous year. Over the period under review, the import price, however, saw a slight reduction. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Hungary ($X per ton) and the Czech Republic ($X per ton), while Ukraine ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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