Eastern Europe: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Eastern Europe

In 2022, the East European glass fibre fabrics market decreased by -1.4% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then declined slightly in the following year.

Glass Fibre Fabrics Production in Eastern Europe

In value terms, glass fibre fabrics production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 12%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Glass Fibre Fabrics Exports

Exports in Eastern Europe

In 2022, after ten years of growth, there was significant decline in overseas shipments of glass fibre fabrics, when their volume decreased by -14.3% to X tons. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 +63.1% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, glass fibre fabrics exports dropped to $X in 2022. Total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +41.4% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

The Czech Republic was the major exporting country with an export of around X tons, which reached 44% of total exports. Belarus (X tons) ranks second in terms of the total exports with an 18% share, followed by Latvia (12%), Hungary (9%), Slovakia (5.8%) and Moldova (5.5%). Poland (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to glass fibre fabrics exports from the Czech Republic stood at +5.6%. At the same time, Moldova (+64.1%), Poland (+10.1%), Hungary (+4.8%), Latvia (+3.9%), Slovakia (+3.8%) and Belarus (+2.8%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +64.1% from 2012-2022. While the share of Moldova (+5.4 p.p.) and the Czech Republic (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belarus (-4.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest glass fibre fabrics supplier in Eastern Europe, comprising 47% of total exports. The second position in the ranking was held by Belarus ($X), with a 14% share of total exports. It was followed by Latvia, with a 12% share.

In the Czech Republic, glass fibre fabrics exports increased at an average annual rate of +4.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+0.5% per year) and Latvia (+2.2% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price saw a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the export price increased by 5%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Poland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+1.8%), while the other leaders experienced a decline in the export price figures.

Glass Fibre Fabrics Imports

Imports in Eastern Europe

In 2022, glass fibre fabrics imports in Eastern Europe dropped to X tons, waning by -12.2% on the previous year's figure. Total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 14%. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, glass fibre fabrics imports contracted to $X in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +58.8% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Poland (X tons) and Russia (X tons) represented roughly 50% of total imports in 2022. Hungary (X tons) held the next position in the ranking, followed by Romania (X tons), Slovakia (X tons), the Czech Republic (X tons) and Ukraine (X tons). All these countries together took approx. 39% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Slovakia (with a CAGR of +9.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Hungary ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 58% of total imports. The Czech Republic, Romania, Slovakia and Ukraine lagged somewhat behind, together comprising a further 32%.

Slovakia, with a CAGR of +4.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, reducing by -2.5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 14% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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