Italy: Glass Fiber Market 2024

Glass Fiber Market Size in Italy

For the third year in a row, the Italian glass fiber market recorded growth in sales value, which increased by 217% to $X in 2021. Over the period under review, consumption enjoyed a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Glass Fiber Production in Italy

In value terms, glass fiber production soared to $X in 2021 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Glass Fiber Exports

Exports from Italy

In 2021, the amount of voiles, webs, mats and other articles of glass fibers exported from Italy reached X tons, leveling off at 2020. The total export volume increased at an average annual rate of +2.8% 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 2018 with an increase of 14% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, glass fiber exports soared to $X in 2021. The total export value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), South Korea (X tons) and France (X tons) were the main destinations of glass fiber exports from Italy, together accounting for 40% of total exports. These countries were followed by the UK, Croatia, Spain, the United States, Poland, the Czech Republic, the Netherlands, Austria, Portugal and Turkey, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +43.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), South Korea ($X) and France ($X) constituted the largest markets for glass fiber exported from Italy worldwide, together accounting for 33% of total exports. The United States, the UK, Poland, Spain, Turkey, Portugal, Austria, the Czech Republic, the Netherlands and Croatia lagged somewhat behind, together accounting for a further 35%.

Portugal, with a CAGR of +25.0%, saw the highest growth rate of the value of exports, among 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

In 2021, the average glass fiber export price amounted to $X per ton, with an increase of 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Turkey ($X per ton), while the average price for exports to Croatia ($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 (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fiber Imports

Imports into Italy

Glass fiber imports into Italy surged to X tons in 2021, growing by 29% on the previous year's figure. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.8% 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.

In value terms, glass fiber imports soared to $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. 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

Germany (X tons), Slovenia (X tons) and China (X tons) were the main suppliers of glass fiber imports to Italy, together comprising 48% of total imports. France, Belgium, the Czech Republic, Thailand, Egypt, Finland, the UK, Spain, Hungary and the Netherlands lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +138.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fiber suppliers to Italy were Germany ($X), China ($X) and France ($X), together comprising 47% of total imports. These countries were followed by the UK, Slovenia, Belgium, the Czech Republic, the Netherlands, Spain, Hungary, Thailand, Finland and Egypt, which together accounted for a further 33%.

Egypt, with a CAGR of +137.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 glass fiber import price amounted to $X per ton, with an increase of 12% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. 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, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Slovenia ($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 (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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