Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the UK - 2024
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the UK (FOB) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the UK (CIF) - 2024
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the UK
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the UK
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the UK (FOB) - 2022
In 2022, the average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $3,550 per ton, picking up by 12% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $3,764 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
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 United States ($10,073 per ton), while the average price for exports to Norway ($1,446 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 Ireland (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the UK (CIF) - 2024
The average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $4,939 per ton in December 2023, with an increase of 24% against the previous month. Over the last eleven months, it increased at an average monthly rate of +2.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($9,882 per ton), while the price for Egypt ($1,127 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Ireland (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the UK
In 2022, the amount of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) exported from the UK shrank remarkably to 138K tons, with a decrease of -18.1% on 2021 figures. Overall, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, the exports reached the peak of 168K tons, and then dropped dramatically in the following year.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) dropped to $489M in 2022. Over the period under review, exports recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, the exports reached the peak of $533M, and then dropped in the following year.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 100 | 93.0 | 118 | 114 | 4.5% |
| Ireland | 26.5 | 25.0 | 39.2 | 43.7 | 18.1% |
| Italy | 43.3 | 29.0 | 46.2 | 39.5 | -3.0% |
| United States | 24.4 | 16.3 | 22.4 | 30.2 | 7.4% |
| France | 26.1 | 32.5 | 36.1 | 27.5 | 1.8% |
| Poland | 20.3 | 20.6 | 25.1 | 23.6 | 5.1% |
| Belgium | 12.7 | 10.2 | 22.3 | 17.2 | 10.6% |
| Sweden | 11.3 | 8.8 | 13.1 | 16.2 | 12.8% |
| Denmark | 20.2 | 11.8 | 10.2 | 12.1 | -15.7% |
| Norway | 6.9 | 8.1 | 7.8 | 9.5 | 11.2% |
| Finland | 3.3 | 4.0 | 5.7 | 8.4 | 36.5% |
| Portugal | 6.0 | 6.7 | 8.3 | 6.9 | 4.8% |
| Lithuania | 6.4 | 7.1 | 6.1 | 6.9 | 2.5% |
| Others | 217 | 183 | 172 | 133 | -15.1% |
| Total | 524 | 456 | 533 | 489 | -2.3% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from the UK in 2022:
- Germany (28.3K tons)
- Ireland (14.7K tons)
- Belgium (11.2K tons)
- Italy (10.6K tons)
- Sweden (8.5K tons)
- Denmark (8.0K tons)
- France (7.8K tons)
- Norway (6.6K tons)
- Finland (5.2K tons)
- Poland (4.8K tons)
- Lithuania (4.3K tons)
- Portugal (3.2K tons)
- United States (3.0K tons)
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the UK
Imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) into the UK stood at 132K tons in 2022, surging by 8% against the previous year's figure. Over the period under review, imports, however, saw a abrupt shrinkage.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $386M in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 39.9 | 30.5 | 47.4 | 60.1 | 14.6% |
| United States | 47.6 | 40.7 | 52.1 | 49.2 | 1.1% |
| France | 30.9 | 34.6 | 32.6 | 41.8 | 10.6% |
| Germany | 29.2 | 29.0 | 26.3 | 28.5 | -0.8% |
| Czech Republic | 18.0 | 18.9 | 18.9 | 27.7 | 15.5% |
| Slovakia | 15.2 | 9.4 | 6.9 | 14.5 | -1.6% |
| Italy | 5.6 | 6.8 | 9.8 | 14.3 | 36.7% |
| Belgium | 30.6 | 29.2 | 30.1 | 14.1 | -22.8% |
| Denmark | 14.6 | 3.8 | 5.4 | 11.5 | -7.6% |
| Latvia | 9.2 | 6.6 | 15.5 | 9.7 | 1.8% |
| Egypt | 13.8 | 9.6 | 10.9 | 8.6 | -14.6% |
| Taiwan (Chinese) | 5.0 | 2.4 | 3.8 | 8.0 | 17.0% |
| Thailand | 3.2 | 3.0 | 9.7 | 6.6 | 27.3% |
| Others | 107 | 85.3 | 101 | 92.1 | -4.9% |
| Total | 369 | 310 | 371 | 386 | 1.5% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to the UK in 2022:
- China (21.0K tons)
- France (17.8K tons)
- Slovakia (10.5K tons)
- United States (9.5K tons)
- Belgium (9.4K tons)
- Czech Republic (8.3K tons)
- Egypt (7.0K tons)
- Italy (5.3K tons)
- Germany (5.1K tons)
- Thailand (3.3K tons)
- Latvia (3.1K tons)
- Taiwan (Chinese) (2.9K tons)
- Denmark (2.8K tons)
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