Luxembourg: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Luxembourg

The Luxembourg non-woven glass fibre articles market fell significantly to $X in 2021, with a decrease of -93.7% 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 continues to indicate a sharp setback. Non-woven glass fibre articles consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports from Luxembourg

In 2021, the amount of non-woven glass fibre webs, felts, mattresses and boards exported from Luxembourg skyrocketed to X tons, growing by 1,562% compared with 2020 figures. Over the period under review, exports enjoyed noticeable growth. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, non-woven glass fibre articles exports skyrocketed to $X in 2021. Overall, exports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 with an increase of 708% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for non-woven glass fibre articles exports from Luxembourg, with a 86% share of total exports. Moreover, non-woven glass fibre articles exports to Poland exceeded the volume sent to the second major destination, Lithuania (X tons), more than tenfold. The third position in this ranking was taken by France (X tons), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland totaled +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+162.5% per year) and France (+20.4% per year).

In value terms, Poland ($X) remains the key foreign market for non-woven glass fibre webs, felts, mattresses and boards exports from Luxembourg, comprising 67% of total exports. The second position in the ranking was held by Lithuania ($X), with a 13% share of total exports. It was followed by France, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value to Poland totaled +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+567.8% per year) and France (+28.5% per year).

Export Prices by Country

In 2021, the average non-woven glass fibre articles export price amounted to $X per ton, with a decrease of -66.4% against the previous year. Overall, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by 69%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Lithuania ($X per ton), while the average price for exports to Ukraine ($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 Lithuania (+154.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports into Luxembourg

Non-woven glass fibre articles imports into Luxembourg reduced modestly to X tons in 2021, which is down by -4.4% against the previous year. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 22% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, non-woven glass fibre articles imports expanded significantly to $X in 2021. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of non-woven glass fibre articles imports to Luxembourg, with a combined 87% share of total imports. Switzerland and the United States lagged somewhat behind, together comprising a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +21.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest non-woven glass fibre articles suppliers to Luxembourg were Germany ($X), Belgium ($X) and Switzerland ($X), together comprising 67% of total imports.

Switzerland, with a CAGR of +13.4%, recorded the highest rates of growth with regard to 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 non-woven glass fibre articles import price stood at $X per ton in 2021, picking up by 17% against the previous year. In general, the import price saw a measured increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 61%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per ton), while the price for Belgium ($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 United States (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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