EU: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in the EU

In 2023, the EU glass fibre and article market increased by less than X% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

Production of Glass Fibres and Glass Fibre Articles in the EU

In value terms, glass fibre and article production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2022 with an increase of X%. The level of production peaked in 2023 and is expected to retain growth in the immediate term.

Exports of Glass Fibres and Glass Fibre Articles

Exports in the EU

In 2023, approx. X tons of glass fibres and glass fibre articles were exported in the European Union; dropping by X% against the year before. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, glass fibre and article exports contracted to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2022, and then reduced in the following year.

Exports by Country

In 2023, Belgium (X tons), distantly followed by France (X tons), Germany (X tons), the Czech Republic (X tons), the Netherlands (X tons), Spain (X tons), Slovakia (X tons) and Italy (X tons) were the key exporters of glass fibres and glass fibre articles, together generating X% of total exports. Denmark (X tons) followed a long way behind the leaders.

Belgium was also the fastest-growing in terms of the glass fibres and glass fibre articles exports, with a CAGR of X% from 2012 to 2023. At the same time, Spain (X%), Denmark (X%), the Netherlands (X%), France (X%) and Germany (X%) displayed positive paces of growth. Italy, Slovakia and the Czech Republic experienced a relatively flat trend pattern. While the share of Italy (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the Czech Republic (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest glass fibre and article supplying countries in the European Union were Germany ($X), Belgium ($X) and France ($X), with a combined X% share of total exports. The Czech Republic, Italy, the Netherlands, Spain, Denmark and Slovakia lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Imports of Glass Fibres and Glass Fibre Articles

Imports in the EU

Glass fibre and article imports fell to X tons in 2023, reducing by X% compared with 2022. Total imports indicated a perceptible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, glass fibre and article imports dropped to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then fell in the following year.

Imports by Country

Germany (X tons) and France (X tons) represented the largest importers of glass fibres and glass fibre articles in 2023, reaching near X% and X% of total imports, respectively. Italy (X tons) ranks next in terms of the total imports with a X% share, followed by the Netherlands (X%), Spain (X%), Belgium (X%) and Poland (X%). Denmark (X tons), the Czech Republic (X tons), Hungary (X tons), Austria (X tons), Romania (X tons) and Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre and article importing markets in the European Union were Germany ($X), France ($X) and Italy ($X), with a combined X% share of total imports.

In terms of the main importing countries, Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Sweden ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform