France: Mineral Wool Market 2024

Mineral Wool Market Size in France

In 2021, the French mineral wool market decreased by -2.4% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Mineral Wool Production in France

In value terms, mineral wool production rose significantly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 13% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Mineral Wool Exports

Exports from France

In 2021, overseas shipments of slag wool, rock wool and similar mineral wools and mixtures were finally on the rise to reach X tons after two years of decline. Overall, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, mineral wool exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Italy (X tons) and Slovenia (X tons) were the main destinations of mineral wool exports from France, together accounting for 70% of total exports.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +82.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mineral wool exported from France were Germany ($X), Italy ($X) and Spain ($X), with a combined 55% share of total exports. Slovenia, Belgium, the Netherlands, the UK, the Czech Republic, Poland, Switzerland and Tunisia lagged somewhat behind, together comprising a further 24%.

In terms of the main countries of destination, Slovenia, with a CAGR of +58.5%, 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

In 2021, the average mineral wool export price amounted to $X per ton, declining by -24.1% against the previous year. Overall, the export price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 38%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Mineral Wool Imports

Imports into France

In 2021, imports of slag wool, rock wool and similar mineral wools and mixtures into France stood at X tons, remaining relatively unchanged against the previous year's figure. In general, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.6% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by 29%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, mineral wool imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.0% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of mineral wool to France, with a 32% share of total imports. Moreover, mineral wool imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The UK (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.9% per year) and the UK (+26.4% per year).

In value terms, Spain ($X), Germany ($X) and the Netherlands ($X) constituted the largest mineral wool suppliers to France, together accounting for 48% of total imports. These countries were followed by Poland, the UK, Belgium, Portugal, Croatia, Italy, Switzerland and Slovenia, which together accounted for a further 44%.

In terms of the main suppliers, Croatia, with a CAGR of +27.7%, recorded the highest growth rate of 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 2021, the average mineral wool import price amounted to $X per ton, growing by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Portugal ($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 (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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