EU: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in the EU

The EU market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2013; afterwards, it flattened through to 2021.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in the EU

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles reached $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 18% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports in the EU

In 2021, the amount of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles exported in the European Union expanded remarkably to X tons, surging by 14% compared with 2020 figures. The total export volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; 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.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021. The total export value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations 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), France (X tons), Slovakia (X tons) and the Netherlands (X tons) represented the main exporter of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles in the European Union, achieving 78% of total export. The Czech Republic (X tons) took the next position in the ranking, followed by Italy (X tons). All these countries together held approx. 11% share of total exports. Germany (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +6.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2021, together comprising 58% of total exports.

Among the main exporting countries, the Netherlands, with a CAGR of +5.1%, 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

In 2021, the export price in the European Union amounted to $X per ton, rising by 9.5% against the previous year. Overall, the export price, however, saw a slight descent. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 Italy (+1.2%), while the other leaders experienced more modest paces of growth.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports in the EU

In 2021, purchases abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 23% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) represented the largest importer of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, comprising 31% of total imports. Italy (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (12%), the Netherlands (10%), France (7.4%), Spain (6.2%) and Poland (5.4%).

Imports into Germany increased at an average annual rate of +2.0% from 2012 to 2021. At the same time, the Netherlands (+8.2%), Poland (+7.8%), Italy (+5.7%), Belgium (+5.7%), Spain (+5.5%) and France (+3.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of +8.2% from 2012-2021. The Netherlands (+2.9 p.p.), Italy (+1.6 p.p.) and Belgium (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Germany saw its share reduced by -6.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported glass fibre filaments, rovings, chopped strands, and staple glass fibre articles in the European Union, comprising 30% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: Italy (+4.4% per year) and Belgium (+4.1% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, increasing by 12% against the previous year. Over the period under review, the import price, however, showed a mild descent. 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.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in France ($X per ton) and Spain ($X per ton), while the Netherlands ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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