Greece: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2025

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

For the third consecutive year, the Greek market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles recorded growth in sales value, which increased by 73% to $X in 2021. In general, consumption recorded a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

Exports from Greece

In 2021, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Greece soared to X tons, with an increase of 169% compared with the year before. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,177%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles skyrocketed to $X in 2021. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 1,683% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Cyprus (X tons) was the main destination for exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Greece, with a 66% share of total exports. Moreover, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Cyprus exceeded the volume sent to the second major destination, Belgium (X tons), fourfold. The third position in this ranking was taken by Albania (X tons), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to Cyprus stood at +72.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (0.0% per year) and Albania (+1.5% per year).

In value terms, the largest markets for glass fibre filament, roving, and staple glass fibre article exported from Greece were Cyprus ($X), Albania ($X) and Belgium ($X), with a combined 94% share of total exports.

In terms of the main countries of destination, Cyprus, with a CAGR of +49.8%, recorded 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

The average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2021, surging by 3.5% against the previous year. Over the period under review, the export price enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 121% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Albania ($X per ton), while the average price for exports to Cyprus ($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 the United States (+56.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Greece

Imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles into Greece skyrocketed to X tons in 2021, picking up by 39% against 2020 figures. In general, imports posted a resilient expansion. The growth pace was the most rapid in 2017 when imports increased by 70% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to see steady growth in the immediate term.

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 strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Slovakia (X tons) and Turkey (X tons) were the main suppliers of imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Greece, with a combined 70% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +45.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Greece, comprising 49% of total imports. The second position in the ranking was held by Slovakia ($X), with a 14% share of total imports. It was followed by Italy, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +49.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+25.5% per year) and Italy (+27.2% 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, picking up by 36% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+44.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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