Switzerland: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in Switzerland

The Swiss glass fibre mat market shrank modestly to $X in 2022, with a decrease of -2.7% against the previous year. Overall, consumption, however, showed a modest increase. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Glass Fibre Mat Production in Switzerland

In value terms, glass fibre mat production stood at $X in 2022 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.9% against 2019 indices. The growth pace was the most rapid in 2014 when the production volume increased by 69%. Glass fibre mat production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Glass Fibre Mat Exports

Exports from Switzerland

In 2022, overseas shipments of glass fibre mats decreased by -5.6% to X tons, falling for the second consecutive year after four years of growth. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 155% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, glass fibre mat exports shrank to $X in 2022. In general, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 221% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

China (X tons), Germany (X tons) and the Czech Republic (X tons) were the main destinations of glass fibre mat exports from Switzerland, together comprising 89% of total exports. Poland, Slovakia and Italy lagged somewhat behind, together accounting for a further 7%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +64.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for glass fibre mats exports from Switzerland, comprising 70% of total exports. The second position in the ranking was held by Germany ($X), with an 18% share of total exports. It was followed by the Czech Republic, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at +33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.9% per year) and the Czech Republic (-1.8% per year).

Export Prices by Country

The average glass fibre mat export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre mat export price increased by +68.3% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 36%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Poland ($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 China (+7.0%), while the prices for the other major destinations experienced a decline.

Glass Fibre Mat Imports

Imports into Switzerland

After two years of growth, purchases abroad of glass fibre mats decreased by -15.2% to X tons in 2022. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, glass fibre mat imports dropped to $X in 2022. In general, imports saw a deep slump. The growth pace was the most rapid in 2018 with an increase of 66% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X tons), Germany (X tons) and France (X tons) were the main suppliers of glass fibre mat imports to Switzerland, with a combined 90% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +32.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of glass fibre mats to Switzerland, comprising 61% of total imports. The second position in the ranking was held by Italy ($X), with a 23% share of total imports. It was followed by France, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to -10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+23.0% per year) and France (-5.0% per year).

Import Prices by Country

The average glass fibre mat import price stood at $X per ton in 2022, growing by 7% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 44% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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