EU: Mineral Wool Market 2024

Mineral Wool Market Size in the EU

The EU mineral wool market rose notably to $X in 2021, growing by 11% 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 somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Mineral Wool Production in the EU

In value terms, mineral wool production expanded notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Mineral Wool Exports

Exports in the EU

After two years of decline, shipments abroad of slag wool, rock wool and similar mineral wools and mixtures increased by 16% to X tons in 2021. The total export volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, mineral wool 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 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, Poland (X tons) and Germany (X tons) were the major exporters of slag wool, rock wool and similar mineral wools and mixtures in the European Union, together mixing up 39% of total exports. Croatia (X tons) took the next position in the ranking, followed by the Netherlands (X tons), Slovenia (X tons), Spain (X tons), Slovakia (X tons) and France (X tons). All these countries together held near 43% 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 France (with a CAGR of +8.4%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2021, with a combined 56% share of total exports. These countries were followed by France, Croatia, Slovenia, Spain and Slovakia, which together accounted for a further 27%.

Among the main exporting countries, Slovakia, with a CAGR of +8.2%, recorded 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

The export price in the European Union stood at $X per ton in 2021, growing by 3.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 4.9% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; afterwards, it flattened through to 2021.

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 the Netherlands ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+1.9%), while the other leaders experienced more modest paces of growth.

Mineral Wool Imports

Imports in the EU

In 2021, overseas purchases of slag wool, rock wool and similar mineral wools and mixtures increased by 19% to X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated prominent growth 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 attained the peak and are likely to continue growth in the immediate term.

In value terms, mineral wool imports soared to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. 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

The purchases of the three major importers of slag wool, rock wool and similar mineral wools and mixtures, namely Italy, France and Germany, represented more than third of total import. Austria (X tons) held a 7.1% share (based on physical terms) of total imports, which put it in second place, followed by Sweden (6.3%), Romania (5.4%), Poland (5.3%) and the Czech Republic (4.5%). The following importers - Belgium (X tons), the Netherlands (X tons), Finland (X tons), Latvia (X tons) and Hungary (X tons) - together made up 16% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of +11.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2021, with a combined 37% share of total imports. Austria, Belgium, Sweden, Poland, the Netherlands, the Czech Republic, Romania, Hungary, Finland and Latvia lagged somewhat behind, together comprising a further 45%.

Hungary, with a CAGR of +11.2%, recorded the highest growth rate of the value of imports, among 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, growing by 5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 7.3%. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, 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 the Netherlands ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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