Germany: Mineral Wool Market 2024

Mineral Wool Market Size in Germany

In 2021, the German mineral wool market increased by 3.8% to $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, recorded a mild setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Mineral Wool Production in Germany

In value terms, mineral wool production amounted to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable downturn. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Mineral Wool Exports

Exports from Germany

In 2021, shipments abroad of slag wool, rock wool and similar mineral wools and mixtures increased by 43% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, mineral wool exports surged to $X in 2021. The total export value increased at an average annual rate of +3.0% over the period 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

Austria (X tons) was the main destination for mineral wool exports from Germany, accounting for a 26% share of total exports. Moreover, mineral wool exports to Austria exceeded the volume sent to the second major destination, Switzerland (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume to Austria totaled +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+7.8% per year) and France (+5.9% per year).

In value terms, the largest markets for mineral wool exported from Germany were Austria ($X), Switzerland ($X) and France ($X), together accounting for 42% of total exports. These countries were followed by the Netherlands, Poland, Italy, the Czech Republic, Slovenia, Serbia, the UK, Australia, Luxembourg and Hungary, which together accounted for a further 37%.

Among the main countries of destination, Serbia, with a CAGR of +34.6%, 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, remaining stable against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 8.1%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Slovenia ($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 France (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Mineral Wool Imports

Imports into Germany

In 2021, overseas purchases 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. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 32% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, mineral wool imports surged to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 32%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of mineral wool imports to Germany, together comprising 69% of total imports. These countries were followed by Slovenia, the Czech Republic, Slovakia, the UK and Denmark, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +33.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Netherlands ($X) and France ($X) constituted the largest mineral wool suppliers to Germany, together comprising 66% of total imports. Slovenia, the Czech Republic, the UK, Slovakia and Denmark lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, Slovakia, with a CAGR of +30.6%, saw 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

The average mineral wool import price stood at $X per ton in 2021, approximately equating the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 5.7%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 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 the UK ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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