Ireland: Glass Fiber Market 2024

Glass Fiber Market Size in Ireland

The Irish glass fiber market soared to $X in 2021, surging by 57% 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). Overall, consumption recorded a moderate expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Glass Fiber Exports

Exports from Ireland

In 2021, approx. X tons of voiles, webs, mats and other articles of glass fibers were exported from Ireland; jumping by 15% compared with the previous year. Overall, exports recorded moderate growth. The growth pace was the most rapid in 2015 when exports increased by 217%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, glass fiber exports soared to $X in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when exports increased by 49%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for glass fiber exports from Ireland, accounting for a 93% share of total exports. Moreover, glass fiber exports to the UK exceeded the volume sent to the second major destination, France (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +6.7%.

In value terms, the UK ($X) remains the key foreign market for voiles, webs, mats and other articles of glass fibers exports from Ireland, comprising 62% of total exports. The second position in the ranking was held by France ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +5.2%.

Export Prices by Country

In 2021, the average glass fiber export price amounted to $X per ton, rising by 13% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 70%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the UK stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (-1.0%).

Glass Fiber Imports

Imports into Ireland

In 2021, approx. X tons of voiles, webs, mats and other articles of glass fibers were imported into Ireland; increasing by 42% on the previous year. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass fiber imports skyrocketed to $X in 2021. In general, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. 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.

Imports by Country

In 2021, the UK (X tons) constituted the largest glass fiber supplier to Ireland, with a 68% share of total imports. Moreover, glass fiber imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. Lithuania (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from the UK amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.6% per year) and Lithuania (0.0% per year).

In value terms, the UK ($X) constituted the largest supplier of voiles, webs, mats and other articles of glass fibers to Ireland, comprising 67% of total imports. The second position in the ranking was held by Germany ($X), with an 8.4% share of total imports. It was followed by Sweden, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.3% per year) and Sweden (+33.7% per year).

Import Prices by Country

In 2021, the average glass fiber import price amounted to $X per ton, with an increase of 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 13% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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 Sweden ($X per ton), while the price for Lithuania ($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 (+3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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