EU: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in the EU

The EU glass fibres and wool market totaled $X in 2022, with an increase of 2.2% against the previous year. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Glass Fibres And Glass Wool in the EU

In value terms, glass fibres and wool production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% 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 2019 with an increase of 16%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Glass Fibres And Glass Wool

Exports in the EU

In 2022, the amount of glass fibres and glass wool exported in the European Union shrank to X tons, falling by -7% on the previous year. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 25%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, glass fibres and wool exports rose significantly to $X in 2022. The total export value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Belgium (X tons), Spain (X tons) and Germany (X tons) represented roughly 64% of total exports in 2022. Finland (X tons) ranks next in terms of the total exports with a 6.7% share, followed by France (6.3%) and Italy (5.3%). The Netherlands (X tons), Poland (X tons) and Denmark (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +23.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 49% of total exports. Italy, Belgium, the Netherlands, Denmark, Poland and Finland lagged somewhat behind, together accounting for a further 31%.

Poland, with a CAGR of +28.8%, saw 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, jumping by 16% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 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 the Netherlands ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.5%), while the other leaders experienced more modest paces of growth.

Imports of Glass Fibres And Glass Wool

Imports in the EU

In 2022, the amount of glass fibres and glass wool imported in the European Union reached X tons, surging by 6.1% compared with 2021 figures. The total import volume increased at an average annual rate of +3.6% 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 17%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, glass fibres and wool imports soared to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

France represented the major importing country with an import of around X tons, which reached 34% of total imports. Germany (X tons) ranks second in terms of the total imports with an 18% share, followed by Poland (5.7%), Spain (5.6%) and Italy (4.7%). The Netherlands (X tons), Austria (X tons), Belgium (X tons), Denmark (X tons), Sweden (X tons), the Czech Republic (X tons), Romania (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +14.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibres and wool importing markets in the European Union were Germany ($X), France ($X) and Italy ($X), together comprising 50% of total imports. Poland, Austria, Spain, the Netherlands, Sweden, Denmark, the Czech Republic, Belgium, Romania and Hungary lagged somewhat behind, together comprising a further 41%.

Among the main importing countries, Hungary, with a CAGR of +15.1%, recorded 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

In 2022, the import price in the European Union amounted to $X per ton, rising by 9.9% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices attained the maximum 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 ($X per ton), while France ($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 Netherlands (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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