Luxembourg: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Luxembourg

In 2022, the Luxembourg glass fibre fabrics market increased by 4.6% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, continues to indicate a pronounced setback. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Glass Fibre Fabrics Exports

Exports from Luxembourg

In 2022, shipments abroad of glass fibre fabrics increased by 15% to X tons, rising for the third year in a row after two years of decline. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, glass fibre fabrics exports reduced sharply to $X in 2022. In general, total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons), Belgium (X tons) and Italy (X tons) were the main destinations of glass fibre fabrics exports from Luxembourg, together accounting for 76% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +48.4%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the key foreign market for glass fibre fabrics exports from Luxembourg, comprising 33% of total exports. The second position in the ranking was taken by France ($X), with a 13% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey totaled +39.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-4.8% per year) and Italy (+5.3% per year).

Export Prices by Country

The average glass fibre fabrics export price stood at $X per ton in 2022, dropping by -28.7% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre fabrics export price decreased by -44.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 50%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Belgium ($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 Sweden (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Fabrics Imports

Imports into Luxembourg

In 2022, purchases abroad of glass fibre fabrics increased by 20% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 47%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, glass fibre fabrics imports dropped to $X in 2022. In general, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 29%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest glass fibre fabrics supplier to Luxembourg, accounting for a 72% share of total imports. Moreover, glass fibre fabrics imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), eightfold. Belgium (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-7.9% per year) and Belgium (+3.3% per year).

In value terms, Germany ($X), Austria ($X) and the United States ($X) were the largest glass fibre fabrics suppliers to Luxembourg, with a combined 71% share of total imports. France, China, Belgium and Sweden lagged somewhat behind, together accounting for a further 17%.

In terms of the main suppliers, China, with a CAGR of +73.4%, saw the highest growth rate of 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

In 2022, the average glass fibre fabrics import price amounted to $X per ton, dropping by -21.6% against the previous year. In general, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 23%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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