Norway: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Norway

In 2021, the Norwegian market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles decreased by -57.1% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a deep setback. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Norway

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% 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 2016 when the production volume increased by 20%. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports from Norway

In 2021, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Norway stood at X tons, with an increase of 7% compared with the year before. The total export volume increased at an average annual rate of +3.8% 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 appeared the most rapid in 2018 when exports increased by 10% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Norway, accounting for a 36% share of total exports. Moreover, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Germany exceeded the volume sent to the second major destination, Turkey (X tons), threefold. Belgium (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+57.0% per year) and Belgium (-8.5% per year).

In value terms, Germany ($X), Turkey ($X) and Belgium ($X) were the largest markets for glass fibre filament, roving, and staple glass fibre article exported from Norway worldwide, together comprising 59% of total exports.

Among the main countries of destination, Turkey, with a CAGR of +60.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2021, surging by 7.8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Hungary ($X per ton) and Turkey ($X per ton), while the average price for exports to Germany ($X per ton) and Belgium ($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 Hungary (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports into Norway

Imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles into Norway surged to X tons in 2021, jumping by 17% compared with 2020 figures. Over the period under review, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 38% against the previous year. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles skyrocketed to $X in 2021. In general, imports, however, showed a perceptible setback. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest glass fibre filament, roving, and staple glass fibre article supplier to Norway, with a 49% share of total imports. Moreover, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from China exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), threefold. Sweden (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+24.8% per year) and Sweden (+4.8% per year).

In value terms, the largest glass fibre filament, roving, and staple glass fibre article suppliers to Norway were China ($X), Sweden ($X) and Slovakia ($X), together accounting for 77% of total imports. These countries were followed by Italy, Germany, Belgium, the UK, Mexico, Taiwan (Chinese), Egypt and the Netherlands, which together accounted for a further 14%.

Among the main suppliers, Mexico, with a CAGR of +95.3%, saw 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

In 2021, the average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, surging by 21% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2013 when the average import price increased by 34% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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 Netherlands ($X per ton), while the price for Slovakia ($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 Netherlands (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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