EU: Market for Glass Fibre Chopped Strands 2024

Market Size for Glass Fibre Chopped Strands in the EU

In 2021, the EU glass fibre chopped strand market was finally on the rise to reach $X after five years of decline. The market value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Glass Fibre Chopped Strands in the EU

In value terms, glass fibre chopped strand production totaled $X in 2021 estimated in export price. Overall, production, however, recorded a slight downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by 9.2%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Glass Fibre Chopped Strands

Exports in the EU

Glass fibre chopped strand exports surged to X tons in 2021, rising by 18% compared with 2020. The total export volume increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 20%. The volume of export peaked in 2021 and is likely to continue growth in the near future.

In value terms, glass fibre chopped strand exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern remained consistent, with only minor 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

Belgium was the major exporter of glass fibre chopped strands in the European Union, with the volume of exports resulting at X tons, which was near 40% of total exports in 2021. France (X tons) held the second position in the ranking, followed by the Netherlands (X tons) and Slovakia (X tons). All these countries together held approx. 55% share of total exports. Germany (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Germany (with a CAGR of +8.7%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 81% share of total exports. Slovakia and Germany lagged somewhat behind, together comprising a further 16%.

In terms of the main exporting countries, Germany, with a CAGR of +8.1%, 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

In 2021, the export price in the European Union amounted to $X per ton, growing by 11% against the previous year. Over the period under review, the export price, however, saw a slight shrinkage. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Slovakia ($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 (-0.5%), while the other leaders experienced a decline in the export price figures.

Imports of Glass Fibre Chopped Strands

Imports in the EU

In 2021, supplies from abroad of glass fibre chopped strands was finally on the rise to reach X tons after three years of decline. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany represented the main importing country with an import of around X tons, which resulted at 39% of total imports. The Netherlands (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Italy (15%), Belgium (12%), France (6%) and Poland (4.7%). Spain (X tons) followed a long way behind the leaders.

Imports into Germany increased at an average annual rate of +3.4% from 2012 to 2021. At the same time, Belgium (+11.8%), the Netherlands (+8.2%), Spain (+8.0%), Poland (+7.7%), Italy (+7.7%) and France (+3.6%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the European Union, with a CAGR of +11.8% from 2012-2021. From 2012 to 2021, the share of Belgium, the Netherlands and Italy increased by +4.6, +3 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported glass fibre chopped strands in the European Union, comprising 39% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany amounted to +1.8%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+6.4% per year) and Italy (+6.2% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, rising by 15% against the previous year. In general, the import price, however, showed a mild slump. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably 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 Italy ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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