Europe: 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 Europe

The Europe market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021, picking up by 17% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 14% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth failed to regain momentum.

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

Exports in Europe

In 2021, the amount of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles exported in Europe rose markedly to X tons, picking up by 15% against the year before. 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 somewhat noticeable fluctuations throughout the analyzed period. 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 +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Belgium (X tons), France (X tons), Slovakia (X tons) and the Netherlands (X tons), together recording 66% of total export. The UK (X tons) took a 6.9% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (5.1%) and Norway (5%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Netherlands (with a CAGR of +6.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre filament, roving, and staple glass fibre article supplying countries in Europe were Belgium ($X), France ($X) and the Netherlands ($X), together comprising 48% of total exports.

Among the main exporting countries, the Netherlands, with a CAGR of +5.1%, saw 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 Europe stood at $X per ton in 2021, increasing by 11% against the previous year. Overall, the export price, however, continues to indicate a slight decline. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 UK ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.2%), while the other leaders experienced a decline in the export price figures.

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

Imports in Europe

After two years of decline, supplies from abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 22% to X tons in 2021. The total import volume increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern 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, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany represented the largest importer of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles in Europe, with the volume of imports resulting at X tons, which was approx. 26% of total imports in 2021. Italy (X tons) ranks second in terms of the total imports with an 11% share, followed by Belgium (11%), the Netherlands (8.5%), France (6.3%), Spain (5.3%), Russia (5.2%) and Poland (4.6%). The UK (X tons), Denmark (X tons) and Switzerland (X tons) followed a long way behind the leaders.

Imports into Germany increased at an average annual rate of +2.0% from 2012 to 2021. At the same time, Denmark (+18.5%), Russia (+10.4%), the Netherlands (+8.2%), Poland (+7.8%), Switzerland (+7.4%), Italy (+5.7%), Belgium (+5.7%), Spain (+5.5%) and France (+3.5%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing importer imported in Europe, with a CAGR of +18.5% from 2012-2021. The UK experienced a relatively flat trend pattern. From 2012 to 2021, the share of the Netherlands, Russia and Denmark increased by +2.3, +2 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported glass fibre filaments, rovings, chopped strands, and staple glass fibre articles in Europe, comprising 25% of total imports. The second position in the ranking was held by Italy ($X), with a 10% share of total imports. It was followed by Belgium, with a 10% share.

In Germany, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+4.4% per year) and Belgium (+4.1% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, rising by 13% against the previous year. In general, the import price, however, saw a mild decline. The level of import peaked at $X per ton in 2013; however, from 2014 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 UK ($X per ton), while the Netherlands ($X per ton) was 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