EU: Glass Fiber Market 2024

Glass Fiber Market Size in the EU

In 2023, the EU glass fiber market decreased by X% to $X for the first time since 2018, thus ending a four-year rising trend. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Glass Fiber Production in the EU

In value terms, glass fiber production declined slightly to $X in 2023 estimated in export price. In general, production continues to indicate a mild decline. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Glass Fiber Exports

Exports in the EU

In 2023, the amount of voiles, webs, mats and other articles of glass fibers exported in the European Union reduced slightly to X tons, waning by X% compared with the previous year. 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 in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, glass fiber exports reduced to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X tons) and Germany (X tons) were the key exporters of voiles, webs, mats and other articles of glass fibers in 2023, finishing at near X% and X% of total exports, respectively. The Czech Republic (X tons) held the next position in the ranking, followed by France (X tons), Poland (X tons), Spain (X tons), the Netherlands (X tons) and Italy (X tons). All these countries together held near X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest glass fiber supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with an X% share of total exports. It was followed by France, with a X% share.

In Germany, glass fiber exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Belgium (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, flattening at the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Belgium ($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.

Glass Fiber Imports

Imports in the EU

Glass fiber imports declined to X tons in 2023, standing approx. at 2022. Total imports indicated a noticeable expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. 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 attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, glass fiber imports totaled $X in 2023. Total imports indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to continue growth in the immediate term.

Imports by Country

In 2023, France (X tons), distantly followed by Germany (X tons), Poland (X tons), Belgium (X tons), Spain (X tons), the Netherlands (X tons) and Italy (X tons) represented the largest importers of voiles, webs, mats and other articles of glass fibers, together creating X% of total imports. Denmark (X tons), Austria (X tons), the Czech Republic (X tons), Hungary (X tons), Sweden (X tons) and Romania (X tons) followed a long way behind the leaders.

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

In value terms, France ($X), Germany ($X) and Italy ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

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

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, rising by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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 Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform