Ireland: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Ireland

After six years of growth, the Irish glass fibre fabrics market decreased by -0.5% to $X in 2022. Over the period under review, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the market value increased by 8.3% against the previous year. Glass fibre fabrics consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Glass Fibre Fabrics Production in Ireland

In value terms, glass fibre fabrics production totaled $X in 2022 estimated in export price. In general, production saw a perceptible slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 19%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Glass Fibre Fabrics Exports

Exports from Ireland

In 2022, glass fibre fabrics exports from Ireland reduced to X tons, shrinking by -6.8% on 2021 figures. Overall, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 when exports increased by 14% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, glass fibre fabrics exports contracted to $X in 2022. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 31%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for glass fibre fabrics exports from Ireland, with a 57% share of total exports. Moreover, glass fibre fabrics exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-6.7% per year) and Poland (-10.2% per year).

In value terms, Germany ($X) remains the key foreign market for glass fibre fabrics exports from Ireland, comprising 39% of total exports. The second position in the ranking was held by the UK ($X), with an 18% share of total exports. It was followed by Poland, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-6.2% per year) and Poland (-7.5% per year).

Export Prices by Country

The average glass fibre fabrics export price stood at $X per ton in 2022, waning by -5.3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 16%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Germany ($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 Belgium (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Fabrics Imports

Imports into Ireland

In 2022, approx. X tons of glass fibre fabrics were imported into Ireland; with a decrease of -13.3% against 2021 figures. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +12.6% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 31%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, glass fibre fabrics imports contracted notably to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 48%. As a result, imports reached the peak of $X, and then dropped sharply in the following year.

Imports by Country

In 2022, the UK (X tons) constituted the largest glass fibre fabrics supplier to Ireland, accounting for a 31% share of total imports. Moreover, glass fibre fabrics imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Belarus (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from the UK totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.0% per year) and Belarus (+7.1% per year).

In value terms, the largest glass fibre fabrics suppliers to Ireland were the UK ($X), Germany ($X) and Italy ($X), with a combined 68% share of total imports. Belarus, China, France, Vietnam, India, Turkey and Taiwan (Chinese) lagged somewhat behind, together comprising a further 17%.

Belarus, with a CAGR of +5.1%, saw 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

The average glass fibre fabrics import price stood at $X per ton in 2022, dropping by -3.4% against the previous year. Overall, the import price continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2018 an increase of 20%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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