Ireland: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Ireland

In 2021, the Irish non-woven glass fibre articles market increased by 81% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption enjoyed a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports from Ireland

In 2021, approx. X tons of non-woven glass fibre webs, felts, mattresses and boards were exported from Ireland; growing by 7.8% on the previous year. Overall, exports showed a prominent increase. The growth pace was the most rapid in 2015 when exports increased by 336% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-woven glass fibre articles exports expanded slightly to $X in 2021. In general, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 197% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for non-woven glass fibre articles exports from Ireland, with a 98% share of total exports. It was followed by France (X tons), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +8.4%.

In value terms, the UK ($X) remains the key foreign market for non-woven glass fibre webs, felts, mattresses and boards exports from Ireland, comprising 79% of total exports. The second position in the ranking was held by France ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK stood at +7.9%.

Export Prices by Country

The average non-woven glass fibre articles export price stood at $X per ton in 2021, shrinking by -3.4% against the previous year. In general, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-woven glass fibre articles export price increased by +50.8% against 2016 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 39% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped modestly in the following year.

Prices varied noticeably country of destination: the country with the highest price was France ($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 France (+15.2%).

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports into Ireland

In 2021, the amount of non-woven glass fibre webs, felts, mattresses and boards imported into Ireland skyrocketed to X tons, with an increase of 42% against 2020 figures. In general, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-woven glass fibre articles imports surged to $X in 2021. Overall, imports posted a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the UK (X tons) constituted the largest non-woven glass fibre articles supplier to Ireland, with a 78% share of total imports. Moreover, non-woven glass fibre articles imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. Sweden (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from the UK amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.7% per year) and Sweden (+39.0% per year).

In value terms, the UK ($X) constituted the largest supplier of non-woven glass fibre webs, felts, mattresses and boards to Ireland, comprising 80% of total imports. The second position in the ranking was held by Germany ($X), with an 8.5% share of total imports. It was followed by Sweden, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from the UK totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.6% per year) and Sweden (+31.3% per year).

Import Prices by Country

In 2021, the average non-woven glass fibre articles import price amounted to $X per ton, with an increase of 28% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. 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, the country with the highest price was Switzerland ($X per ton), while the price for Germany ($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 (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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