Germany: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Germany

In 2021, the German market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 31% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Germany

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, production of reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports from Germany

In 2021, overseas shipments of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles were finally on the rise to reach 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 +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.5% 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.

Exports by Country

Poland (X tons) was the main destination for exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Germany, with a 23% share of total exports. Moreover, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Poland exceeded the volume sent to the second major destination, Austria (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to Poland amounted to +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+0.4% per year) and Italy (+9.8% per year).

In value terms, the United States ($X), Poland ($X) and Italy ($X) constituted the largest markets for glass fibre filament, roving, and staple glass fibre article exported from Germany worldwide, together accounting for 36% of total exports. Austria, China, Slovakia, the UK, Mexico, France, Spain, Hungary, the Czech Republic and Latvia lagged somewhat behind, together comprising a further 45%.

Among the main countries of destination, Mexico, with a CAGR of +54.3%, saw the highest rates of growth with regard to 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 export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 14%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Czech Republic ($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 (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports into Germany

In 2021, supplies from abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles was finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021. Overall, imports saw a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest glass fibre filament, roving, and staple glass fibre article supplier to Germany, with a 41% share of total imports. Moreover, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Slovakia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+8.0% per year) and Slovakia (+4.4% per year).

In value terms, Belgium ($X) constituted the largest supplier of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Germany, comprising 36% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total imports. It was followed by Slovakia, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.5% per year) and Slovakia (+3.1% per year).

Import Prices by Country

In 2021, the average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, surging by 13% against the previous year. Overall, the import price, however, continues to indicate a slight shrinkage. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 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 ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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