Luxembourg: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Luxembourg

The Luxembourg glass fibres and wool market soared to $X in 2022, surging by 26% against the previous year. Over the period under review, consumption enjoyed a buoyant increase. Glass fibres and wool consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Production of Glass Fibres And Glass Wool in Luxembourg

In value terms, glass fibres and wool production reduced to $X in 2022 estimated in export price. Overall, production, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 181% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Glass Fibres And Glass Wool

Exports from Luxembourg

In 2022, the amount of glass fibres and glass wool exported from Luxembourg fell dramatically to X tons, with a decrease of -74.9% against 2021 figures. Overall, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2019 when exports increased by 82% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, glass fibres and wool exports fell markedly to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 60% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for glass fibres and wool exports from Luxembourg, with a 34% share of total exports. Moreover, glass fibres and wool exports to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was taken by Ukraine (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to -16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-14.7% per year) and Ukraine (+5.1% per year).

In value terms, the largest markets for glass fibres and wool exported from Luxembourg were Turkey ($X), Germany ($X) and Ukraine ($X), with a combined 48% share of total exports.

Turkey, with a CAGR of +247.6%, 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 2022, the average glass fibres and wool export price amounted to $X per ton, increasing by 91% against the previous year. In general, the export price recorded a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to the Czech Republic ($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 Switzerland (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibres And Glass Wool

Imports into Luxembourg

In 2022, glass fibres and wool imports into Luxembourg dropped significantly to X tons, which is down by -28.4% against 2021 figures. Overall, imports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2015 with an increase of 100% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, glass fibres and wool imports reached $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 50%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of glass fibres and wool to Luxembourg, with a 65% share of total imports. Moreover, glass fibres and wool imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Austria (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium totaled -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.3% per year) and Austria (+12.7% per year).

In value terms, Germany ($X), Belgium ($X) and the United States ($X) were the largest glass fibres and wool suppliers to Luxembourg, with a combined 76% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +55.7%, recorded 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

The average glass fibres and wool import price stood at $X per ton in 2022, increasing by 40% against the previous year. Over the period under review, the import price showed measured growth. The most prominent rate of growth was recorded in 2014 an increase of 132%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 the United States ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :