Slovenia: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in Slovenia

The Slovene glass fibre mat market reduced rapidly to $X in 2022, shrinking by -23.6% against the previous year. In general, consumption, however, saw mild growth. Glass fibre mat consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Glass Fibre Mat Production in Slovenia

In value terms, glass fibre mat production contracted markedly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 870%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Glass Fibre Mat Exports

Exports from Slovenia

In 2022, after two years of growth, there was significant decline in shipments abroad of glass fibre mats, when their volume decreased by -14.7% to X tons. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2017 when exports increased by 2,123%. Over the period under review, the exports attained the maximum at X tons in 2021, and then fell in the following year.

In value terms, glass fibre mat exports reduced remarkably to $X in 2022. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2017 when exports increased by 2,237% against the previous year. The exports peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

Germany (X tons), Bosnia and Herzegovina (X tons) and Italy (X tons) were the main destinations of glass fibre mat exports from Slovenia, together comprising 88% 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 Italy (with a CAGR of +72.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for glass fibre mats exports from Slovenia, comprising 63% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 13% share of total exports. It was followed by Italy, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+26.9% per year) and Italy (+62.1% per year).

Export Prices by Country

In 2022, the average glass fibre mat export price amounted to $X per ton, reducing by -4.1% against the previous year. Over the period under review, the export price showed a perceptible shrinkage. The growth pace was the most rapid in 2015 when the average export price increased by 49% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Croatia (+1.4%), while the prices for the other major destinations experienced a decline.

Glass Fibre Mat Imports

Imports into Slovenia

In 2022, purchases abroad of glass fibre mats decreased by -9.9% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 319% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, glass fibre mat imports dropped significantly to $X in 2022. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 174% against the previous year. Imports peaked at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

Egypt (X tons), Poland (X tons) and Turkey (X tons) were the main suppliers of glass fibre mat imports to Slovenia, with a combined 65% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +125.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre mat suppliers to Slovenia were Egypt ($X), Poland ($X) and Turkey ($X), with a combined 61% share of total imports.

Egypt, with a CAGR of +105.1%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average glass fibre mat import price amounted to $X per ton, shrinking by -11% against the previous year. Overall, the import price continues to indicate a pronounced setback. The growth pace was the most rapid in 2016 when the average import price increased by 28% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for China ($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 (+9.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform