EU: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in the EU

The EU non-woven glass fibre articles market reached $X in 2021, increasing by 3.1% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in the EU

In value terms, non-woven glass fibre articles production shrank to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 8.2% against the previous year. Over the period under review, production hit record highs at $X in 2018; afterwards, it flattened through to 2021.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports in the EU

In 2021, the amount of non-woven glass fibre webs, felts, mattresses and boards exported in the European Union rose markedly to X tons, with an increase of 9.9% against 2020. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +74.6% against 2012 indices. The pace of growth was the most pronounced in 2018 with an increase of 11% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, non-woven glass fibre articles exports surged to $X in 2021. The total export value increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable 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

In 2021, Belgium (X tons), distantly followed by the Czech Republic (X tons), Germany (X tons), Poland (X tons), France (X tons) and Slovenia (X tons) represented the major exporters of non-woven glass fibre webs, felts, mattresses and boards, together committing 76% of total exports. The Netherlands (X tons), Finland (X tons), Sweden (X tons), Romania (X tons), Lithuania (X tons), Italy (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +49.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and Sweden ($X) were the countries with the highest levels of exports in 2021, together comprising 46% of total exports. France, the Czech Republic, Poland, Italy, the Netherlands, Finland, Spain, Slovenia, Lithuania and Romania lagged somewhat behind, together accounting for a further 47%.

Among the main exporting countries, Lithuania, with a CAGR of +39.2%, 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

The export price in the European Union stood at $X per ton in 2021, increasing by 6.7% against the previous year. Over the period under review, the export price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2014 an increase of 6.9% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.3%), while the other leaders experienced more modest paces of growth.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports in the EU

Non-woven glass fibre articles imports expanded significantly to X tons in 2021, with an increase of 12% compared with 2020 figures. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +77.0% against 2014 indices. The pace of growth was the most pronounced in 2017 with an increase of 18% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, non-woven glass fibre articles imports soared to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons), distantly followed by Germany (X tons), Poland (X tons), Spain (X tons), the Netherlands (X tons), Belgium (X tons) and Austria (X tons) represented the key importers of non-woven glass fibre webs, felts, mattresses and boards, together generating 64% of total imports. Denmark (X tons), the Czech Republic (X tons), Italy (X tons), Hungary (X tons), Lithuania (X tons) and Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to non-woven glass fibre articles imports into France stood at +11.3%. At the same time, Austria (+19.0%), Lithuania (+12.5%), Spain (+11.6%), Poland (+10.5%), the Netherlands (+8.0%), the Czech Republic (+7.9%), Hungary (+6.3%), Denmark (+5.4%) and Italy (+4.9%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing importer imported in the European Union, with a CAGR of +19.0% from 2012-2021. Belgium experienced a relatively flat trend pattern. By contrast, Sweden (-2.3%) and Germany (-2.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of France, Austria, Poland and Spain increased by +7.4, +3, +2.6 and +2.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X), Germany ($X) and Spain ($X) were the countries with the highest levels of imports in 2021, together comprising 41% of total imports. Poland, the Netherlands, Italy, Austria, Sweden, Belgium, Denmark, the Czech Republic, Lithuania and Hungary lagged somewhat behind, together accounting for a further 43%.

Austria, with a CAGR of +13.9%, 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

The import price in the European Union stood at $X per ton in 2021, with an increase of 5.8% against the previous year. Over the period under review, the import price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by 8.1%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per ton), while Hungary ($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 (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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