Ireland: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Ireland

The Irish glass fibres and wool market shrank to $X in 2022, declining by -9.8% against the previous year. In general, consumption recorded a measured increase. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Production of Glass Fibres And Glass Wool in Ireland

In value terms, glass fibres and wool production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.1% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of 35%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Glass Fibres And Glass Wool

Exports from Ireland

In 2022, overseas shipments of glass fibres and glass wool increased by 51% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports saw a slight expansion. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, glass fibres and wool exports dropped dramatically to $X in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 44%. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

The UK (X tons) was the main destination for glass fibres and wool exports from Ireland, accounting for a 78% share of total exports. Moreover, glass fibres and wool exports to the UK exceeded the volume sent to the second major destination, Israel (X tons), more than tenfold. Germany (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+66.2% per year) and Germany (+15.2% per year).

It was followed by Germany, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+46.7% per year) and Germany (+4.1% per year).

Export Prices by Country

In 2022, the average glass fibres and wool export price amounted to $X per ton, dropping by -44.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 77% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then contracted dramatically 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 ($X per ton), while the average price for exports to Egypt ($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 the United States (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibres And Glass Wool

Imports into Ireland

In 2022, purchases abroad of glass fibres and glass wool decreased by 0% to X tons, falling for the fifth consecutive year after two years of growth. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 35%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, glass fibres and wool imports amounted to $X in 2022. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 23%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Germany (X tons), the UK (X tons) and Lithuania (X tons) were the main suppliers of glass fibres and wool imports to Ireland, with a combined 61% share of total imports. China, Poland, the United States, Italy, Sweden, France and Belgium lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +202.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Germany ($X) constituted the largest glass fibres and wool suppliers to Ireland, with a combined 53% share of total imports. China, Sweden, Italy, Lithuania, Belgium, Poland and France lagged somewhat behind, together accounting for a further 36%.

Sweden, with a CAGR of +196.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average glass fibres and wool import price amounted to $X per ton, remaining stable against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 36% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Poland ($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 (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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