United Kingdom: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in the UK

The UK glass fibre mat market amounted to $X in 2022, remaining relatively unchanged against the previous year. In general, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.5% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Glass Fibre Mat Production in the UK

In value terms, glass fibre mat production expanded rapidly to $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +22.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 52%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Glass Fibre Mat Exports

Exports from the UK

Glass fibre mat exports from the UK expanded sharply to X tons in 2022, with an increase of 12% compared with 2021. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 127% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass fibre mat exports reached $X in 2022. In general, exports posted a noticeable increase. The pace of growth was the most pronounced in 2020 when exports increased by 92% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for glass fibre mat exports from the UK, accounting for a 70% share of total exports. Moreover, glass fibre mat exports to France exceeded the volume sent to the second major destination, Slovakia (X tons), ninefold. The third position in this ranking was held by Ireland (X tons), with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at +45.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+241.3% per year) and Ireland (+13.6% per year).

In value terms, France ($X) remains the key foreign market for glass fibre mats exports from the UK, comprising 45% of total exports. The second position in the ranking was taken by Ireland ($X), with a 7% share of total exports. It was followed by Slovakia, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+13.3% per year) and Slovakia (+164.9% per year).

Export Prices by Country

The average glass fibre mat export price stood at $X per ton in 2022, declining by -10.1% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 39% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Slovakia ($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 (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Mat Imports

Imports into the UK

In 2022, approx. X tons of glass fibre mats were imported into the UK; shrinking by -14.8% compared with 2021. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, glass fibre mat imports shrank significantly to $X in 2022. Overall, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 80%. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

Egypt (X tons), Thailand (X tons) and France (X tons) were the main suppliers of glass fibre mat imports to the UK, with a combined 52% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +50.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre mat suppliers to the UK were Egypt ($X), France ($X) and Thailand ($X), with a combined 43% share of total imports.

Thailand, with a CAGR of +57.1%, recorded the highest growth rate of 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, reducing by -8.7% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 27% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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