Europe: 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 Europe

The Europe non-woven glass fibre articles market stood at $X in 2021, picking up by 4.4% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

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

In value terms, non-woven glass fibre articles production rose slightly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 7.3%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

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

Exports in Europe

In 2021, non-woven glass fibre articles exports in Europe expanded significantly to X tons, with an increase of 9.5% compared with 2020. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +84.8% against 2012 indices. The pace of growth was the most pronounced in 2017 with an increase of 16% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, non-woven glass fibre articles exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 UK (X tons), the Czech Republic (X tons), Germany (X tons), Russia (X tons) and Poland (X tons) were the key exporters of non-woven glass fibre webs, felts, mattresses and boards, together comprising 69% of total exports. France (X tons), Slovenia (X tons), Switzerland (X tons), the Netherlands (X tons), Finland (X tons), Sweden (X tons) and Romania (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Romania (with a CAGR of +32.7%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the UK ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 39% share of total exports. These countries were followed by Sweden, France, the Czech Republic, Poland, Russia, Switzerland, the Netherlands, Finland, Slovenia and Romania, which together accounted for a further 47%.

Romania, with a CAGR of +27.8%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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, picking up by 6.8% against the previous year. Overall, the export price, however, recorded a slight curtailment. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while Russia ($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 Europe

In 2021, approx. X tons of non-woven glass fibre webs, felts, mattresses and boards were imported in Europe; rising by 11% against 2020 figures. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.3% against 2015 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 17%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, non-woven glass fibre articles imports soared to $X in 2021. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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) and the Netherlands (X tons) represented the major importers of non-woven glass fibre webs, felts, mattresses and boards, together creating 46% of total imports. The following importers - Belgium (X tons), the UK (X tons), Ukraine (X tons), Austria (X tons), Denmark (X tons), the Czech Republic (X tons), Italy (X tons) and Hungary (X tons) - together made up 30% of total imports.

Imports into France increased at an average annual rate of +11.3% from 2012 to 2021. At the same time, Ukraine (+66.1%), Austria (+19.0%), Spain (+11.6%), Poland (+10.5%), the Netherlands (+8.0%), the Czech Republic (+7.9%), Hungary (+6.3%), Denmark (+5.4%), Italy (+4.9%) and the UK (+2.3%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in Europe, with a CAGR of +66.1% from 2012-2021. Belgium experienced a relatively flat trend pattern. By contrast, Germany (-2.5%) illustrated a downward trend over the same period. France (+6.7 p.p.), Ukraine (+4.1 p.p.), Austria (+2.6 p.p.), Poland (+2.4 p.p.) and Spain (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while the UK, Belgium and Germany saw its share reduced by -1.6%, -2.4% and -8.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X), Germany ($X) and Spain ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 35% of total imports. Poland, the UK, the Netherlands, Italy, Austria, Belgium, Denmark, the Czech Republic, Hungary and Ukraine lagged somewhat behind, together comprising a further 39%.

Ukraine, with a CAGR of +51.6%, recorded the highest rates of growth with regard to 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

In 2021, the import price in Europe amounted to $X per ton, rising by 7.1% against the previous year. Over the period under review, the import price, however, saw a slight shrinkage. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while Ukraine ($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