Germany: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Germany

In 2022, the German glass fibres and wool market increased by 15% to $X, rising for the third consecutive year after three years of decline. Overall, consumption, however, showed a slight contraction. Glass fibres and wool consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Glass Fibres And Glass Wool in Germany

In value terms, glass fibres and wool production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 7.3%. Glass fibres and wool production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Glass Fibres And Glass Wool

Exports from Germany

In 2022, shipments abroad of glass fibres and glass wool decreased by -22.3% to X tons, falling for the third consecutive year after eight years of growth. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 20%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, glass fibres and wool exports fell to $X in 2022. Overall, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.0% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 28% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons), the Czech Republic (X tons) and Austria (X tons) were the main destinations of glass fibres and wool exports from Germany, together comprising 42% of total exports. The United States, Italy, Denmark, the UK, Poland, China, Switzerland, Slovenia, Spain and the Netherlands lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +20.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Austria ($X) and the United States ($X) were the largest markets for glass fibres and wool exported from Germany worldwide, with a combined 30% share of total exports. Switzerland, the UK, China, Poland, Italy, the Netherlands, Spain, the Czech Republic, Denmark and Slovenia lagged somewhat behind, together accounting for a further 39%.

Spain, with a CAGR of +13.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glass fibres and wool export price stood at $X per ton in 2022, rising by 14% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibres and wool export price increased by +83.5% against 2015 indices. The most prominent rate of growth was recorded in 2018 an increase of 18%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibres And Glass Wool

Imports into Germany

In 2022, approx. X tons of glass fibres and glass wool were imported into Germany; surging by 9.4% against the year before. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.6% 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 +48.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 36%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, glass fibres and wool imports expanded to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +45.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 38%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Spain (X tons), Belgium (X tons) and the Czech Republic (X tons) were the main suppliers of glass fibres and wool imports to Germany, with a combined 47% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +19.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of glass fibres and glass wool to Germany, comprising 20% of total imports. The second position in the ranking was held by the UK ($X), with a 7.7% share of total imports. It was followed by the United States, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+7.8% per year) and the United States (+5.2% per year).

Import Prices by Country

The average glass fibres and wool import price stood at $X per ton in 2022, declining by -4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 16%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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