Italy: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in Italy

The Italian glass fibre filament market soared to $X in 2021, rising by 87% against the previous year. Overall, consumption enjoyed a buoyant expansion. Glass fibre filament consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Glass Fibre Filament Production in Italy

In value terms, glass fibre filament production totaled $X in 2021 estimated in export price. In general, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 114% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Glass Fibre Filament Exports

Exports from Italy

In 2021, approx. X tons of glass fibre filaments were exported from Italy; picking up by 2.2% against the previous year. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 20%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, glass fibre filament exports totaled $X in 2021. Overall, total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -4.6% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 23% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons), Spain (X tons) and Germany (X tons) were the main destinations of glass fibre filament exports from Italy, together accounting for 68% of total exports. These countries were followed by Poland, Belgium, the Czech Republic, Russia, the UK, Romania, Slovakia and Turkey, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +24.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass fibre filament exported from Italy were France ($X), Spain ($X) and Germany ($X), with a combined 67% share of total exports. Poland, Belgium, the UK, the Czech Republic, Romania, Russia, Slovakia and Turkey lagged somewhat behind, together accounting for a further 23%.

The Czech Republic, with a CAGR of +25.0%, 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 more modest paces of growth.

Export Prices by Country

The average glass fibre filament export price stood at $X per ton in 2021, remaining stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 14%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then reduced in the following year.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the UK ($X per ton) and France ($X per ton), while the average price for exports to Spain ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Filament Imports

Imports into Italy

In 2021, the amount of glass fibre filaments imported into Italy soared to X tons, picking up by 22% on 2020. The total import volume increased at an average annual rate of +4.2% 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 fibre filament imports soared to $X in 2021. The total import value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of glass fibre filament to Italy, with a 37% share of total imports. Moreover, glass fibre filament imports from Belgium exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+3.9% per year) and China (-9.2% per year).

In value terms, Belgium ($X) constituted the largest supplier of glass fibre filaments to Italy, comprising 38% of total imports. The second position in the ranking was held by Slovakia ($X), with a 15% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+5.1% per year) and China (-6.0% per year).

Import Prices by Country

The average glass fibre filament import price stood at $X per ton in 2021, increasing by 15% against the previous year. Overall, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :