Switzerland: Glass Fiber Market 2024

Glass Fiber Market Size in Switzerland

In 2021, the Swiss glass fiber market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Glass Fiber Production in Switzerland

In value terms, glass fiber production rose remarkably to $X in 2021 estimated in export price. In general, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.2% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 18% against the previous year. Glass fiber production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Glass Fiber Exports

Exports from Switzerland

In 2021, approx. X tons of voiles, webs, mats and other articles of glass fibers were exported from Switzerland; picking up by 32% against 2020. In general, exports showed prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 50%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, glass fiber exports surged to $X in 2021. Over the period under review, total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +79.7% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for glass fiber exports from Switzerland, with a 55% share of total exports. Moreover, glass fiber exports to France exceeded the volume sent to the second major destination, Austria (X tons), fourfold. The third position in this ranking was held by the Netherlands (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+39.7% per year) and the Netherlands (+24.2% per year).

In value terms, France ($X) remains the key foreign market for voiles, webs, mats and other articles of glass fibers exports from Switzerland, comprising 37% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by Austria, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.6% per year) and Austria (+12.6% per year).

Export Prices by Country

In 2021, the average glass fiber export price amounted to $X per ton, with a decrease of -2.6% against the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 27%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($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 the UK (+2.8%), while the prices for the other major destinations experienced a decline.

Glass Fiber Imports

Imports into Switzerland

In 2021, overseas purchases of voiles, webs, mats and other articles of glass fibers increased by 69% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +4.8% 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 +104.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass fiber imports surged to $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of glass fiber to Switzerland, with a 73% share of total imports. Moreover, glass fiber imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+17.3% per year) and the Netherlands (+23.5% per year).

In value terms, Germany ($X) constituted the largest supplier of voiles, webs, mats and other articles of glass fibers to Switzerland, comprising 62% of total imports. The second position in the ranking was taken by France ($X), with a 5.4% share of total imports. It was followed by Italy, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-6.6% per year) and Italy (+13.4% per year).

Import Prices by Country

In 2021, the average glass fiber import price amounted to $X per ton, with a decrease of -25.7% against the previous year. In general, the import price saw a slight contraction. The most prominent rate of growth was recorded in 2018 an increase of 33% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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