Switzerland: Market for Glass Fibre Chopped Strands 2024

Market Size for Glass Fibre Chopped Strands in Switzerland

The Swiss glass fibre chopped strand market skyrocketed to $X in 2021, picking up by 72% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Glass Fibre Chopped Strands

Exports from Switzerland

Glass fibre chopped strand exports from Switzerland skyrocketed to X tons in 2021, picking up by 63% against the previous year. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 435%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, glass fibre chopped strand exports surged to $X in 2021. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2015 with an increase of 347%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for glass fibre chopped strand exports from Switzerland, accounting for a 74% share of total exports. Moreover, glass fibre chopped strand exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), fourfold. China (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+46.2% per year) and China (+42.5% per year).

In value terms, Germany ($X), the United States ($X) and China ($X) were the largest markets for glass fibre chopped strand exported from Switzerland worldwide, with a combined 100% share of total exports.

China, with a CAGR of +45.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glass fibre chopped strand export price stood at $X per ton in 2021, rising by 34% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 55%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+14.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Glass Fibre Chopped Strands

Imports into Switzerland

In 2021, the amount of glass fibre chopped strands imported into Switzerland skyrocketed to X tons, growing by 57% against the previous year's figure. Overall, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass fibre chopped strand imports soared to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons) constituted the largest glass fibre chopped strand supplier to Switzerland, accounting for a 65% share of total imports. Moreover, glass fibre chopped strand imports from France exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.6% per year) and Belgium (+1.3% per year).

In value terms, France ($X) constituted the largest supplier of glass fibre chopped strands to Switzerland, comprising 59% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Belgium, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from France totaled +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.0% per year) and Belgium (+0.7% per year).

Import Prices by Country

The average glass fibre chopped strand import price stood at $X per ton in 2021, picking up by 11% against the previous year. Over the period under review, the import price, however, recorded a slight 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :