Report Update Nov 1, 2024

Ireland - Glass Fibre Chopped Strands - Market Analysis, Forecast, Size, Trends and Insights

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Ireland: Market for Glass Fibre Chopped Strands 2024

Market Size for Glass Fibre Chopped Strands in Ireland

In 2021, the Irish glass fibre chopped strand market was finally on the rise to reach $X after four years of decline. In general, consumption, however, showed a pronounced slump. Glass fibre chopped strand consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Glass Fibre Chopped Strands in Ireland

In value terms, glass fibre chopped strand production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible descent. Glass fibre chopped strand production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Glass Fibre Chopped Strands

Exports from Ireland

Glass fibre chopped strand exports from Ireland soared to X tons in 2021, jumping by 423% against the year before. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 6,016% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, glass fibre chopped strand exports soared to $X in 2021. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2013 with an increase of 3,273% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for glass fibre chopped strand exports from Ireland, accounting for a 95% share of total exports. Moreover, glass fibre chopped strand exports to the UK exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +3.9%.

In value terms, the UK ($X) remains the key foreign market for glass fibre chopped strands exports from Ireland, comprising 83% of total exports. The second position in the ranking was held by the United States ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +5.1%.

Export Prices by Country

In 2021, the average glass fibre chopped strand export price amounted to $X per ton, picking up by 35% against the previous year. Overall, the export price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 172% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, 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 UK totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.1%).

Imports of Glass Fibre Chopped Strands

Imports into Ireland

In 2021, overseas purchases of glass fibre chopped strands increased by 3,211% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports posted a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass fibre chopped strand imports soared to $X in 2021. In general, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Slovakia (X tons), Belgium (X tons) and the UK (X tons) were the main suppliers of glass fibre chopped strand imports to Ireland, with a combined 96% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +64.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Slovakia ($X) constituted the largest supplier of glass fibre chopped strands to Ireland, comprising 61% of total imports. The second position in the ranking was held by Belgium ($X), with a 20% share of total imports. It was followed by the UK, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Slovakia amounted to +68.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+21.5% per year) and the UK (-6.3% per year).

Import Prices by Country

The average glass fibre chopped strand import price stood at $X per ton in 2021, dropping by -71.2% against the previous year. Overall, the import price saw a slight reduction. The pace of growth was the most pronounced in 2019 an increase of 245% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass fibre chopped strands in the world?

The country with the largest volume of glass fibre chopped strand consumption was China, accounting for 25% of total volume. Moreover, glass fibre chopped strand consumption in China exceeded the figures recorded by the second-largest consumer, Japan, twofold. The third position in this ranking was occupied by the United States, with a 9.8% share.

What are the largest producers of glass fibre chopped strands in the world?

The country with the largest volume of glass fibre chopped strand production was China, comprising approx. 25% of total volume. Moreover, glass fibre chopped strand production in China exceeded the figures recorded by the second-largest producer, Japan, twofold. The United States ranked third in terms of total production with a 9.3% share.

What are the leading suppliers of glass fibre chopped strands to Ireland?

In value terms, Slovakia constituted the largest supplier of glass fibre chopped strand to Ireland, comprising 72% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with a 6.5% share of total imports. It was followed by the UK, with a 4.9% share.

What are the leading importers of glass fibre chopped strands from Ireland?

In value terms, the UK remains the key foreign market for glass fibre chopped strand exports from Ireland, comprising 81% of total exports. The second position in the ranking was occupied by the United States, with a 19% share of total exports.

What is the average export price for glass fibre chopped strands in Ireland?

In 2021, the average glass fibre chopped strand export price amounted to $4,459 per ton, growing by 29% against the previous year.

What is the average import price for glass fibre chopped strands in Ireland?

The average glass fibre chopped strand import price stood at $1,651 per ton in 2021, waning by -3% against the previous year.

This report provides an in-depth analysis of the market for glass fibre chopped strand in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23141110 - Glass fibre threads cut into lengths of at least 3 mm but . .50 mm (chopped strands)

Country coverage:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023