Europe: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Europe

The Europe glass fibres and wool market shrank to $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2021, and then reduced modestly in the following year.

Production of Glass Fibres And Glass Wool in Europe

In value terms, glass fibres and wool production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2019 with an increase of 15%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Glass Fibres And Glass Wool

Exports in Europe

Glass fibres and wool exports contracted to X tons in 2022, which is down by -1.7% compared with the year before. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when exports increased by 25%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass fibres and wool exports stood at $X in 2022. The total export value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 19%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Belgium (X tons), Spain (X tons) and Germany (X tons) represented roughly 55% of total exports in 2022. It was distantly followed by Finland (X tons), France (X tons), Serbia (X tons) and Italy (X tons), together achieving a 21% share of total exports. Russia (X tons), the UK (X tons), the Netherlands (X tons), Belarus (X tons), Poland (X tons) and Denmark (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Serbia (with a CAGR of +89.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibres and wool supplying countries in Europe were Germany ($X), Spain ($X) and the UK ($X), together accounting for 41% of total exports. France, Italy, Belgium, Serbia, the Netherlands, Denmark, Poland, Russia, Finland and Belarus lagged somewhat behind, together accounting for a further 39%.

In terms of the main exporting countries, Serbia, with a CAGR of +81.1%, recorded 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 2022, the export price in Europe amounted to $X per ton, picking up by 16% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per ton), while Belgium ($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 Europe

Glass fibres and wool imports expanded significantly to X tons in 2022, surging by 7.2% compared with 2021 figures. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 15%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, glass fibres and wool imports soared to $X in 2022. Total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.8% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 28%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, France (X tons), distantly followed by Germany (X tons), the UK (X tons), Poland (X tons) and Spain (X tons) were the key importers of glass fibres and glass wool, together achieving 62% of total imports. Italy (X tons), the Netherlands (X tons), Austria (X tons), Belgium (X tons), Denmark (X tons), Russia (X tons), Norway (X tons) and Sweden (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Austria (with a CAGR of +9.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the UK ($X) constituted the countries with the highest levels of imports in 2022, with a combined 43% share of total imports. Italy, Poland, Austria, Spain, the Netherlands, Sweden, Denmark, Norway, Russia and Belgium lagged somewhat behind, together accounting for a further 39%.

In terms of the main importing countries, Austria, with a CAGR of +11.8%, recorded the highest rates of growth with regard to 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 Europe amounted to $X per ton, surging by 8.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 19%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Russia (+10.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform