Slovakia: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in Slovakia

In 2021, the Slovak glass fibre filament market decreased by -10.7% to $X, falling for the fifth consecutive year after two years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Glass Fibre Filament Production in Slovakia

In value terms, glass fibre filament production stood at $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 20%. Glass fibre filament production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Glass Fibre Filament Exports

Exports from Slovakia

For the sixth consecutive year, Slovakia recorded decline in shipments abroad of glass fibre filaments, which decreased by -1.3% to X tons in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 27% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, glass fibre filament exports soared to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for glass fibre filament exports from Slovakia, accounting for a 32% share of total exports. Moreover, glass fibre filament exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), threefold. Spain (X tons) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1.5% per year) and Spain (+10.0% per year).

In value terms, Germany ($X) remains the key foreign market for glass fibre filaments exports from Slovakia, comprising 32% of total exports. The second position in the ranking was taken by Italy ($X), with a 12% share of total exports. It was followed by France, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+2.5% per year) and France (-3.2% per year).

Export Prices by Country

The average glass fibre filament export price stood at $X per ton in 2021, surging by 19% against the previous year. In general, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the UK ($X per ton) and Austria ($X per ton), while the average price for exports to Spain ($X per ton) and Croatia ($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 Spain (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Filament Imports

Imports into Slovakia

In 2021, approx. X tons of glass fibre filaments were imported into Slovakia; growing by 20% compared with 2020 figures. In general, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 79% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, glass fibre filament imports surged to $X in 2021. Overall, imports saw a slight expansion. The growth pace was the most rapid in 2013 when imports increased by 48% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X tons), Egypt (X tons) and the UK (X tons) were the main suppliers of glass fibre filament imports to Slovakia, together accounting for 82% of total imports. Austria, Spain, Germany, Denmark, China and Italy lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +1,808.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre filament suppliers to Slovakia were Belgium ($X), Egypt ($X) and Germany ($X), with a combined 75% share of total imports. These countries were followed by Spain, the UK, Austria, Denmark, China and Italy, which together accounted for a further 20%.

Austria, with a CAGR of +1,734.8%, saw 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

In 2021, the average glass fibre filament import price amounted to $X per ton, rising by 19% against the previous year. In general, the import price, however, recorded a deep reduction. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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