EU: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in the EU

The EU glass fibre filament market was finally on the rise to reach $X in 2021, after four years of decline. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Glass Fibre Filament Production in the EU

In value terms, glass fibre filament production rose slightly to $X in 2021 estimated in export price. The total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -39.8% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of 33% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Glass Fibre Filament Exports

Exports in the EU

In 2021, the amount of glass fibre filaments exported in the European Union rose rapidly to X tons, growing by 9.9% compared with 2020 figures. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2015 when exports increased by 20%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, glass fibre filament exports soared to $X in 2021. The total export value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, France (X tons), Slovakia (X tons), Italy (X tons) and Belgium (X tons) was the key exporter of glass fibre filaments in the European Union, committing 72% of total export. It was distantly followed by Denmark (X tons), comprising an 8.6% share of total exports. The following exporters - Germany (X tons) and the Netherlands (X tons) - each accounted for an 8% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Denmark (with a CAGR of +34.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre filament supplying countries in the European Union were Slovakia ($X), France ($X) and Belgium ($X), together accounting for 51% of total exports. Italy, Denmark, Germany and the Netherlands lagged somewhat behind, together accounting for a further 35%.

In terms of the main exporting countries, Denmark, with a CAGR of +26.5%, saw the highest rates of growth with regard to 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

In 2021, the export price in the European Union amounted to $X per ton, surging by 7.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 11%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.0%), while the other leaders experienced more modest paces of growth.

Glass Fibre Filament Imports

Imports in the EU

In 2021, glass fibre filament imports in the European Union totaled X tons, growing by 13% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass fibre filament imports soared to $X in 2021. The total import value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), Belgium (X tons), Spain (X tons), Italy (X tons), France (X tons), Denmark (X tons) and Poland (X tons) represented the major importer of glass fibre filaments in the European Union, mixing up 78% of total import. The Netherlands (X tons), Lithuania (X tons), Hungary (X tons), Portugal (X tons), Romania (X tons) and Sweden (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +20.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Spain ($X) constituted the countries with the highest levels of imports in 2021, together comprising 46% of total imports. These countries were followed by Italy, France, Poland, Denmark, the Netherlands, Hungary, Portugal, Romania, Lithuania and Sweden, which together accounted for a further 46%.

Denmark, with a CAGR of +15.6%, saw the highest growth rate of the value of imports, in terms of 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 2021, the import price in the European Union amounted to $X per ton, growing by 14% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, import prices hit record highs 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 Spain ($X per ton) and France ($X per ton), while Lithuania ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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