Slovakia: 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 Slovakia

In 2021, after three years of growth, there was significant decline in the Slovak market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, when its value decreased by -8.3% to $X. Overall, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

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

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 14% against the previous year. Over the period under review, production of attained the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

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

Exports from Slovakia

In 2021, overseas shipments of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 3.5% to X tons, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2015 when exports increased by 23% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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 Slovakia, accounting for a 38% 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, Italy (X tons), threefold. France (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+0.6% per year) and France (-0.3% per year).

In value terms, Germany ($X) remains the key foreign market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles exports from Slovakia, comprising 37% of total exports. The second position in the ranking was taken by Italy ($X), with a 14% share of total exports. It was followed by France, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1.0% per year) and France (-0.3% per year).

Export Prices by Country

In 2021, the average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, with an increase of 17% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were France ($X per ton) and the UK ($X per ton), while the average price for exports to Spain ($X per ton) and Italy ($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 Croatia (+2.8%), 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 Slovakia

In 2021, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles into Slovakia rose markedly to X tons, surging by 11% against 2020. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.1% against 2016 indices. The pace of growth was the most pronounced in 2013 when imports increased by 78%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 61% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Egypt (X tons) and the Czech Republic (X tons) were the main suppliers of imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Slovakia, together comprising 70% of total imports. The United States, Germany, Denmark, the UK, Austria, North Macedonia, Spain, Malaysia, China and France lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +269.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and the Czech Republic ($X) were the largest glass fibre filament, roving, and staple glass fibre article suppliers to Slovakia, together comprising 57% of total imports. These countries were followed by Egypt, Denmark, Spain, Austria, the UK, North Macedonia, the United States, Malaysia, France and China, which together accounted for a further 38%.

Among the main suppliers, Malaysia, with a CAGR of +264.1%, 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 2021, the average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, increasing by 18% against the previous year. In general, the import price, however, recorded a abrupt slump. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+18.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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