Germany: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in Germany

The German glass fibre filament market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, continues to indicate a mild downturn. Glass fibre filament consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Glass Fibre Filament Production in Germany

In value terms, glass fibre filament production soared to $X in 2021 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Glass Fibre Filament Exports

Exports from Germany

In 2021, overseas shipments of glass fibre filaments were finally on the rise to reach X tons after two years of decline. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 23% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, glass fibre filament exports rose markedly to $X in 2021. The total export value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 23%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Mexico (X tons) and Hungary (X tons) were the main destinations of glass fibre filament exports from Germany, with a combined 43% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +115.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Poland ($X) and Hungary ($X) were the largest markets for glass fibre filament exported from Germany worldwide, with a combined 39% share of total exports. Mexico, China, Italy, Spain, France, Switzerland, the Netherlands, Austria, Portugal and Turkey lagged somewhat behind, together accounting for a further 48%.

In terms of the main countries of destination, Mexico, with a CAGR of +93.2%, 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

In 2021, the average glass fibre filament export price amounted to $X per ton, picking up by 2.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2018 an increase of 14% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Turkey ($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 Slovakia (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Filament Imports

Imports into Germany

In 2021, approx. X tons of glass fibre filaments were imported into Germany; almost unchanged from the previous year's figure. Over the period under review, imports showed a slight descent. The most prominent rate of growth was recorded in 2013 when imports increased by 17%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, glass fibre filament imports surged to $X in 2021. In general, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 19% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Slovakia (X tons) were the main suppliers of glass fibre filament imports to Germany, with a combined 65% share of total imports. Egypt, China, Russia, France and the UK lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +54.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Slovakia ($X) constituted the largest glass fibre filament suppliers to Germany, together accounting for 60% of total imports. These countries were followed by France, China, Egypt, Russia and the UK, which together accounted for a further 30%.

Egypt, with a CAGR of +52.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 glass fibre filament import price amounted to $X per ton, growing by 18% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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