EU: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in the EU

In 2022, the EU glass fibre and article market increased by X% to $X, rising for the second year in a row after four years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Glass Fibres and Glass Fibre Articles in the EU

In value terms, glass fibre and article production contracted slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a slight slump. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Glass Fibres and Glass Fibre Articles

Exports in the EU

In 2022, approx. X tons of glass fibres and glass fibre articles were exported in the European Union; declining by X% against the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, glass fibre and article exports fell modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

In 2022, Belgium (X tons), distantly followed by France (X tons), Germany (X tons), the Czech Republic (X tons), the Netherlands (X tons), Slovakia (X tons) and Italy (X tons) represented the major exporters of glass fibres and glass fibre articles, together constituting X% of total exports. Spain (X tons), Poland (X tons), Denmark (X tons), Latvia (X tons) and Slovenia (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to glass fibre and article exports from Belgium stood at X%. At the same time, Denmark (X%), Poland (X%), Germany (X%), Spain (X%), the Netherlands (X%), France (X%), Slovenia (X%) and Italy (X%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. The Czech Republic, Slovakia and Latvia experienced a relatively flat trend pattern. While the share of Germany (X p.p.) and Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Czech Republic (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Belgium ($X) and France ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. The Czech Republic, the Netherlands, Italy, Spain, Slovakia, Poland, Denmark, Latvia and Slovenia lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Germany ($X per ton), while Slovenia ($X per ton) was amongst the lowest.

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

Imports of Glass Fibres and Glass Fibre Articles

Imports in the EU

In 2022, the amount of glass fibres and glass fibre articles imported in the European Union shrank slightly to X tons, waning by X% compared with 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then declined slightly in the following year.

In value terms, glass fibre and article imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), Italy (X tons), Belgium (X tons), the Netherlands (X tons), Poland (X tons) and Spain (X tons) represented the key importers of glass fibres and glass fibre articles, together creating X% of total imports. Denmark (X tons), the Czech Republic (X tons), Austria (X tons), Hungary (X tons), Romania (X tons) and Slovakia (X tons) followed a long way behind the leaders.

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

In value terms, the largest glass fibre and article importing markets in the European Union were Germany ($X), France ($X) and Italy ($X), together comprising X% of total imports. Poland, Spain, the Netherlands, Belgium, Austria, the Czech Republic, Denmark, Hungary, Romania and Slovakia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Hungary, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per ton), while Belgium ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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