Estonia: Glass Fiber Market 2020

Glass Fiber Market Size in Estonia

The revenue of the glass fiber market in Estonia amounted to $X in 2018, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, glass fiber consumption, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. Over the period under review, the glass fiber market reached its peak figure level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Glass Fiber Exports

Exports from Estonia

Glass fiber exports from Estonia amounted to X tons in 2018, increasing by X% against the previous year. Over the period under review, glass fiber exports, however, continue to indicate a temperate shrinkage. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, glass fiber exports reached their peak figure at X tons in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

In value terms, glass fiber exports stood at $X in 2018. Over the period under review, glass fiber exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. In that year, glass fiber exports attained their peak of $X. From 2009 to 2018, the growth of glass fiber exports remained at a lower figure.

Exports by Country

In 2018, China (X tons), distantly followed by the U.S. (X tons), Belgium (X tons), Germany (X tons), the UK (X tons) and Russia (X tons) represented the main exporters of voiles, webs, mats and other articles of glass fibers, together committing X% of total exports. The Czech Republic (X tons), France (X tons), Poland (X tons), Canada (X tons), Spain (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to glass fiber exports from China stood at +X%. At the same time, Russia (+X%), the UK (+X%), France (+X%), Poland (+X%) and the Czech Republic (+X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Spain, Germany and the Netherlands experienced a relatively flat trend pattern. By contrast, the U.S. (-X%), Belgium (-X%) and Canada (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Russia (+X p.p.) and the UK (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Belgium (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the U.S. ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

In terms of the main exporting countries, China experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The glass fiber export price in Estonia stood at $X per ton in 2018, going down by -X% against the previous year. Overall, the export price indicated a measured increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, glass fiber export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 when the export price increased by X% year-to-year. Estonia export price peaked at $X per ton in 2011; however, from 2012 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Glass Fiber Imports

Imports into Estonia

Glass fiber imports into Estonia totaled X tons in 2018, surging by X% against the previous year. Over the period under review, glass fiber imports, however, continue to indicate a mild drop. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Estonia imports peaked at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, glass fiber imports stood at $X in 2018. Over the period under review, glass fiber imports, however, continue to indicate a drastic descent. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Over the period under review, glass fiber imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

The countries with the highest levels of glass fiber imports in 2018 were the U.S. (X tons), France (X tons) and Germany (X tons), together recording X% of total import. The following importers - Mexico (X tons), Canada (X tons), Poland (X tons), Japan (X tons), Spain (X tons), the UK (X tons), Denmark (X tons), the Czech Republic (X tons) and the Netherlands (X tons) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Japan, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and France ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Mexico, Canada, Denmark, Japan, the UK, Spain, Poland, the Netherlands, the Czech Republic and Estonia lagged somewhat behind, together comprising a further X experienced the highest growth rate of imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the glass fiber import price in Estonia amounted to $X per ton, coming down by -X% against the previous year. In general, the glass fiber import price continues to indicate a measured curtailment. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. Estonia import price peaked at $X per ton in 2009; however, from 2010 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Denmark ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform