Switzerland: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Switzerland

The Swiss glass fibres and wool market dropped to $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Glass fibres and wool consumption peaked at $X in 2021, and then declined in the following year.

Production of Glass Fibres And Glass Wool in Switzerland

In value terms, glass fibres and wool production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 31%. Glass fibres and wool production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Glass Fibres And Glass Wool

Exports from Switzerland

In 2022, shipments abroad of glass fibres and glass wool was finally on the rise to reach X tons after four years of decline. Overall, exports saw temperate growth. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass fibres and wool exports soared to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. 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 glass fibres and wool exports from Switzerland, accounting for a 28% share of total exports. Moreover, glass fibres and wool exports to Germany exceeded the volume sent to the second major destination, Turkey (X tons), twofold. China (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+8.6% per year) and China (+20.5% per year).

In value terms, Germany ($X), Turkey ($X) and China ($X) appeared to be the largest markets for glass fibres and wool exported from Switzerland worldwide, with a combined 54% share of total exports. The United States, France, Italy, the Netherlands, Spain, Austria, Poland, the United Arab Emirates, Norway and Belgium lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, Spain, with a CAGR of +50.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glass fibres and wool export price stood at $X per ton in 2022, falling by -11% against the previous year. In general, the export price showed a noticeable setback. The most prominent rate of growth was recorded in 2021 an increase of 41%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, 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 the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 the Netherlands (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibres And Glass Wool

Imports into Switzerland

In 2022, overseas purchases of glass fibres and glass wool increased by 14% to X tons, rising for the fourth consecutive year after five years of decline. In general, imports posted a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 127%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, glass fibres and wool imports skyrocketed to $X in 2022. Over the period under review, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest glass fibres and wool supplier to Switzerland, with a 59% share of total imports. Moreover, glass fibres and wool imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+28.9% per year) and Italy (+11.8% per year).

In value terms, Germany ($X) constituted the largest supplier of glass fibres and glass wool to Switzerland, comprising 60% of total imports. The second position in the ranking was taken by Italy ($X), with a 7.2% share of total imports. It was followed by France, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+18.3% per year) and France (-7.1% per year).

Import Prices by Country

In 2022, the average glass fibres and wool import price amounted to $X per ton, with an increase of 8.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 40% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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