Ireland: 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 Ireland

The Irish market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021, jumping by 146% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw strong growth. 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 Ireland

For the fourth consecutive year, Ireland recorded decline in shipments abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, which decreased by -90.6% to X tons in 2021. Over the period under review, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 51%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles plummeted to $X in 2021. In general, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2017 when exports increased by 58%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United States (X tons), the UK (X tons) and Turkey (X tons) were the main destinations of exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Ireland, with a combined 100% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +54.9%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for glass fibre filament, roving, and staple glass fibre article exported from Ireland were the United States ($X), the UK ($X) and Turkey ($X), together accounting for 97% of total exports.

The United States, with a CAGR of +22.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

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, rising by 17% against the previous year. Overall, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 31% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

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 Turkey ($X per ton), while the average price for exports to the UK ($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 Turkey (+22.4%), 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 Ireland

In 2021, purchases abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 112% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021. Overall, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The UK (X tons), Slovakia (X tons) and Belgium (X tons) were the main suppliers of imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Ireland, with a combined 85% share of total imports. These countries were followed by Bahrain, Turkey, China and Slovenia, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +68.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre filament, roving, and staple glass fibre article suppliers to Ireland were the UK ($X), Slovakia ($X) and Turkey ($X), with a combined 79% share of total imports. Bahrain, China, Belgium and Slovenia lagged somewhat behind, together accounting for a further 11%.

In terms of the main suppliers, Bahrain, with a CAGR of +68.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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 1.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 10% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 Turkey ($X per ton), while the price for Belgium ($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 (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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